[Back to Results | New Search]

URN	etd-0525114-154653
Author	Wu-Hsuan Liao
Author's Email Address	No Public.
Statistics	This thesis had been viewed 5571 times. Download 1154 times.
Department	Public Affairs Management
Year	2013
Semester	2
Degree	Master
Type of Document
Language	zh-TW.Big5 Chinese
Title	The dynamic correlation analysis of government public debt and social spending
Date of Defense	2014-06-09
Page Count	55
Keyword	Panel Smooth Transition Regression Models Co-movement Social spending Wavelet coherency analysis Government public debt
Abstract	There’re different views about government debt and social spending in previous studies, and some scholars indicate that it’s not enough to apply static correlation analysis to explain the correlation between the above two variables in the aspects of time and frequency. As a result, the study applies dynamic frequency analysis to examine the dynamic correlation between government debt and social spending. The samples are selected from OECD member countries, and the chosen countries are those with more completed data from 1980 to 2010. First, the study uses PSTR model to examine whether the heterogeneity and correlation exist between the two variables or not. Second, wavelet coherency analysis is applied to analyze the dynamic correlation of the samples to understand the changes between government debt and social spending in the aspects of time and frequency. In the PSTR model, smooth transition and heterogeneity between government debt and social spending are found. Through wavelet coherence analysis, the study finds that instability and dynamic changes exist between government debt and social spending, and the co-movement between the two variables are more intensive in short-term period than in long-term period.
Advisory Committee	Chien-Chiang Lee - chair Chun-Ping Chang - co-chair Pei-fen Chen - co-chair Ji-Hwa Wu - advisor Chyi-Lu Jang - advisor
Files	etd-0525114-154653.pdf indicate access worldwide
Date of Submission	2014-06-25

[Back to Results | New Search]