English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 113311/144292 (79%)
Visitors : 50930000      Online Users : 998
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/120929


    Title: Asymmetric Information, Loan Guarantee Program, and Economic Growth
    訊息不對稱、貸款保證政策與經濟成長
    Authors: 洪福聲
    Hung, Fu-Sheng
    Lee, Chien-Chiang
    Contributors: 經濟系
    Keywords: 訊息不對稱;貸款保證政策;內生成長;金融發展;Asymmetric information;Loan guarantee program;Endogenous growth;Financial development
    Date: 2002
    Issue Date: 2018-11-20 09:20:20 (UTC+8)
    Abstract: This paper evaluates the e ects of the government loan guarantee program which is nanced from income taxation In contrast to recent literature whereby this program is nanced using resources outside the economy this paper nds that the loan guarantee program creates two opposite e ects to the economy An increase in the ratio that the government promises to guarantee loans on the one hand will reduce the amount of credit rationing which is shown to facilitate capital accumulation and hence promote economic growth on the other hand such an increase induces the government to raise the income tax rate leading to a distortion of the economy s capital accumulation We nd the conditions for the existence of the optimal loan guarantee ratio In particular this optimal ratio is found to inversely correlate with the indicator of nancial development implying that the government should reduce any intervention when its nancial sectors are more developed This observation is consistent with recent literature
    Relation: Academia Economic Paper, 30(3), 311-340
    Data Type: article
    DOI: 經濟論文, 30(3), 311-340
    Appears in Collections:[經濟學系] 期刊論文

    Files in This Item:

    File Description SizeFormat
    enaep30-3-3-abs1.pdf1319KbAdobe PDF2120View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏,無償提供學術研究與公眾教育等公益性使用,惟仍請適度,合理使用本網站之內容,以尊重著作權人之權益。商業上之利用,則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作,已盡力防止侵害著作權人之權益,如仍發現本網站之數位內容有侵害著作權人權益情事者,請權利人通知本網站維護人員(nccur@nccu.edu.tw),維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback