{"title":"发展中国家政府消费对私人支出的影响:以印度尼西亚为例","authors":"H. Kuncoro","doi":"10.15208/BEH.2018.1","DOIUrl":null,"url":null,"abstract":"The relationship between government actions and private reactions is an important subject of continuing discussion in fiscal policy. This paper provides empirical evidence on the impact of government consumption on private expenditures in the case of Indonesia over the period of 1990–2012. We use Almost Ideal Demand System (AIDS) model to analyze the quarterly data of household consumption, investment, government spending, and import in compliance with the national income product based on expenditure approach. The results confirm that the government expenditure crowds-out household consumption. In contrast, it crowds-in firm investment and import. The elasticity of government expenditure with respect to income is the lowest while that of investment is the highest. Those findings suggest that the public sector is decreasing in relative importance gradually taken over by private sector to promote economic growth. As the economy grows, the economic policies of governments should have a tendency to more heavily focus on economic stabilization especially in relation to external imbalance induced by tendency of increase in import.","PeriodicalId":43750,"journal":{"name":"Business and Economic Horizons","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"5","resultStr":"{\"title\":\"The impact of government consumption on the private expenditures in developing country: the case of Indonesia\",\"authors\":\"H. Kuncoro\",\"doi\":\"10.15208/BEH.2018.1\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The relationship between government actions and private reactions is an important subject of continuing discussion in fiscal policy. This paper provides empirical evidence on the impact of government consumption on private expenditures in the case of Indonesia over the period of 1990–2012. We use Almost Ideal Demand System (AIDS) model to analyze the quarterly data of household consumption, investment, government spending, and import in compliance with the national income product based on expenditure approach. The results confirm that the government expenditure crowds-out household consumption. In contrast, it crowds-in firm investment and import. The elasticity of government expenditure with respect to income is the lowest while that of investment is the highest. Those findings suggest that the public sector is decreasing in relative importance gradually taken over by private sector to promote economic growth. As the economy grows, the economic policies of governments should have a tendency to more heavily focus on economic stabilization especially in relation to external imbalance induced by tendency of increase in import.\",\"PeriodicalId\":43750,\"journal\":{\"name\":\"Business and Economic Horizons\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2018-01-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"5\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Business and Economic Horizons\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.15208/BEH.2018.1\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Business and Economic Horizons","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.15208/BEH.2018.1","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
The impact of government consumption on the private expenditures in developing country: the case of Indonesia
The relationship between government actions and private reactions is an important subject of continuing discussion in fiscal policy. This paper provides empirical evidence on the impact of government consumption on private expenditures in the case of Indonesia over the period of 1990–2012. We use Almost Ideal Demand System (AIDS) model to analyze the quarterly data of household consumption, investment, government spending, and import in compliance with the national income product based on expenditure approach. The results confirm that the government expenditure crowds-out household consumption. In contrast, it crowds-in firm investment and import. The elasticity of government expenditure with respect to income is the lowest while that of investment is the highest. Those findings suggest that the public sector is decreasing in relative importance gradually taken over by private sector to promote economic growth. As the economy grows, the economic policies of governments should have a tendency to more heavily focus on economic stabilization especially in relation to external imbalance induced by tendency of increase in import.
期刊介绍:
The Business and Economic Horizons (BEH) is an international peer-reviewed journal that publishes high quality theoretical, empirical, and review papers covering the broad spectrum of research in areas of economics, business, management, and finance. The journal aim is to bridge the gap between the theory and the observed data in these constantly developing domains. BEH Editorial Board welcomes the high-quality original research articles and review papers that verify the well-grounded and the emerging theories by employing the econometric, statistical methods or other relevant empirical methods in theoretical and applied economic analysis. BEH does not discriminate articles utilizing the non-mainstream approaches such as experimental research, institutional analysis, other variations of heterodox and developmental economic studies. Therefore, the submissions in any field of micro- and macroeconomics, business ethics, economic policy or finance are appropriate for this journal. We hope, the provided contributions will help to understand the contemporary challenges faced by the private and public sector and will establish an international forum of empirical research.