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| Title: | 經濟成長與經濟波動的關係-分量迴歸法之應用
Economic Growth and Volatility - A Quantile Regression Approach |
| Authors: | 陳筱婷 |
| Contributors: | 林信助
陳筱婷 |
| Keywords: | 經濟成長
經濟波動
分量迴歸
結構性改變
Growth
Volatility
Quantile Regression
Structural Change |
| Date: | 2015 |
| Issue Date: | 2015-07-27 11:18:17 (UTC+8) |
| Abstract: | 本文利用分量迴歸方法探討經濟成長和經濟波動間的關係，使用亞洲10個主要經濟體的實質GDP季資料來進行分析。從實證結果發現，大部分國家在大多數分量下產出波動對實質GDP成長率有正向影響，唯有在某些國家當經濟成長率低時產出波動對經濟成長會有負面影響。另外，進一步考慮了產出波動結構性改變因素之後，基本上仍然不會改變波動性對經濟成長率的影響，產出波動變數同樣在大多數國家的大部分分量對GDP成長率有顯著影響，其中高所得國家在高低分量皆為正相關；中低所得國家在低分量下為負相關，高分量下為正相關。此結果顯示，即使在同一個國家資料中，經濟波動的影響也會隨著經濟成長率的高低而有所不同；此外，因為不同國家有不同所得水準，所受到的正、反向影響也會不一樣。
This thesis employs the quantile regression model to investigate the link between economic growth and its volatility, using quarterly real GDP data for ten main Asian economies. Our empirical results show that the output growth volatility positively affects real GDP growth rate at most quantiles for most nations. Only when some countries are at a period of low economic growth, does output volatility negatively affect economic growth. In addition, after considering possible structural breaks in the GDP growth volatility, the relation between volatility and output growth rate stays qualitatively the same. That is, the output volatility still has significant impact on real GDP growth rate at most quantiles for most nations. For high income countries, volatility and economic growth are positively correlated at higher and lower quantiles; while for low and middle income countries, these two factors are negatively correlated at lower quantiles, and positively correlated at higher quantiles. Our empirical evidence indicates that even in the same country, the impact of volatility varies according to the country’s economic growth rate. Besides, due to different income levels, the volatility impact on economic growth rate will differ in different countries. |
| Reference: | 中文文獻
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| Description: | 碩士
國立政治大學
國際經營與貿易研究所
102351035 |
| Source URI: | http://thesis.lib.nccu.edu.tw/record/#G0102351035 |
| Data Type: | thesis |
| Appears in Collections: | [國際經營與貿易學系 ] 學位論文
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