Policy evaluation of Public Financial Institutions from the view points of flow of funds
AbstractThe purpose of this paper is to develop an experimental model which links inter-institutional flow of funds to real macroeconomy and then to estimate quantitatively the effects of changing scale of postal savings or government financial institutions on GDP. The empirical analysis indicates that at least after 1980 expanding size of postal saving and government financial institutions had negative effects on GDP. It implies that reducing scale of public financial institutions could improve the performance of real macroeconomy.
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Bibliographic InfoPaper provided by Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP) in its series Discussion Papers in Economics and Business with number 07-37.
Length: 28 pages
Date of creation: Oct 2007
Date of revision:
Flow of funds; Public financial institutions; Postal saving;
Find related papers by JEL classification:
- G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
- G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
- H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
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