本文使用1997年至2006年的月度数据建立结构向量自回归模型(SVAR),对我国实施的积极财政政策是否存在短期的挤出效应进行了分析。经验研究结果显示,政府投资挤进了私人投资,并对挤进效应的机制提供了一种新的考察视角。
The paper investigates direct relationship between government and private investment based on SVA R model, which was constructed on the monthly data from 1997 to 2006,finds evidence of crowd-in over the period,And gives a new explanation about crowd-in.