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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

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