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題名:金融發展、經濟成長與資本所得稅
作者:李建強 引用關係
作者(外文):Lee, Chien-Chiang
校院名稱:國立中正大學
系所名稱:國際經濟研究所
指導教授:洪福聲
黃柏農
學位類別:博士
出版日期:2003
主題關鍵詞:金融發展經濟成長門檻迴歸資本所得稅訊息不對稱financial developmenteconomic growththreshold regressivecapital income taxationasymmetric information
原始連結:連回原系統網址new window
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本論文由三篇與金融發展及經濟成長有關的論文所組成。
論文的第二章及第三章為兩篇具有關聯性的實證文章,主要探討台灣地區金融體系發展與經濟成長的關係。
第二章強調金融體系中銀行及股市發展的互動關係對台灣經濟成長的影響。實證結果顯示我國銀行與股市發展兩者為替代(排擠)關係,而銀行及股市發展均可顯著促進台灣的經濟成長。此外經由長期因果關係檢定可知,台灣同時存在供給領導及需求追隨的股市發展型態,而銀行則為供給領導的發展型態。
第三章延續第二章的分析架構,透過門檻迴歸的方法進一步估計出使銀行及股市發展與經濟成長關係改變的銀行發展(或股市發展)的門檻值,以得知在高、低兩種不同銀行發展(或股市發展)程度下,銀行及股市發展與經濟成長的關係有何不同。實證結果顯示,我國在股市發展程度較低時,銀行及股市發展均可顯著促進經濟成長。但在股市發展程度較高時,銀行及股市發展的影響則變為不顯著。此外在銀行發展程度較低時,銀行及股市發展均可顯著促進經濟成長。但在銀行發展程度較高時,銀行發展變為不顯著的正向影響,但股市發展則仍為顯著正向的影響。因此實證結果支持銀行及股市發展與經濟成長具有非線性關係。
最後,本文在第四章建立一訊息不對稱的借貸市場之理論模型,據以探討政府課徵資本所得稅對經濟成長的影響。由於現有文獻發現在儲蓄的利率彈性相當小的情況下,政府提高資本所得稅,可以促進經濟成長。本文另外從訊息不對稱的角度出發,提供資本所得稅與經濟成長兩者呈正向關係的另一個可能原因。我們發現,當一國金融發展程度較高時,政府提高資本所得稅可以促進經濟成長。
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