FDI and Growth: What Cross‐Country Industry Data Say
FDI and Growth: What Cross‐Country Industry Data Say
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外国直接投资与增长：跨国行业数据说明了什么
DOI：
10.1111/j.1467-9701.2012.01478.x
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发表时间：
2011
期刊：
影响因子：
--
通讯作者：
A. Pozzolo
中科院分区：
文献类型：
--
作者：
M. Cipollina;G. Giovannetti;F. Pietrovito;A. Pozzolo
我们使用一个中等规模的两区动态一般均衡货币联盟模型，模拟意大利不同财政整顿方案的宏观经济和福利影响。与类似的模型不同，我们的模型在财政特征方面很丰富。我们假设扭曲的税收（针对劳动收入、资本收入和消费）和提高福利的公共支出。我们将最终产品和服务的公共支出、公共就业和向家庭的转移支付区分开来。我们考虑的方案设想在5年内将公共债务与国内生产总值的比率降低10个百分点。基于我们的模拟，我们发现：首先，财政扭曲在数量上是显著的；其次，根据调整的构成，减少支出并同时降低税率的整合战略对长期GDP和福利的积极影响分别为5%至7%和4%至7%，这取决于调整的构成；第三，消费和投资稳定或增长，并沿着通往新的稳定状态的道路；最后，对欧元区其他国家的溢出效应是扩张性的，在长期和转型过程中都是相当可观的。
We simulate the macroeconomic and welfare implications of different fiscal consolidation scenarios in Italy using a medium scale two-areas dynamic general equilibrium currency-union model. Differently from similar models, ours is rich in the terms of fiscal features. We assume distortionary taxes (on labor income, capital income and consumption) and welfare-enhancing public expenditure. We distinguish between public spending on final goods and services, public employment and transfers to households. The scenarios that we consider envisage a decreases in the public debt to GDP ratio of 10 percentage points in 5 years. Based on our simulations we find that: first, fiscal distortions are quantitatively significant; second, a consolidation strategy that reduces expenditure and simultaneously lowers tax rates has a positive effect on long-run GDP of 5% to 7% and on welfare of 4% to 7% of the initial levels, depending on the composition of the adjustment; third, consumption and investment are stable or grow on impact and along the path to the new steady state; finally, spillovers to the rest of the euro area are expansionary and sizeable both in the long run and along the transition.
DOI：
--
发表时间：
1989
期刊：
The American Economic Review
影响因子：
--
作者：
A. Jaffe
通讯作者：
A. Jaffe
影响因子：
1.3
作者：
K. Pavitt;M. Robson;J. Townsend
通讯作者：
K. Pavitt;M. Robson;J. Townsend
影响因子：
10.7
作者：
Aitken, BJ;Harrison, AE
通讯作者：
Harrison, AE