Government Influence On Growth

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The Causes of Government and the Consequences for Growth and Well-Being

Author : Simon John Commander
Publisher :
ISBN 13 :
Total Pages : 70 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis The Causes of Government and the Consequences for Growth and Well-Being by : Simon John Commander

Download or read book The Causes of Government and the Consequences for Growth and Well-Being written by Simon John Commander and published by . This book was released on 2016 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: A range of factors drive size of government: relative prices, the age-dependency ratio, how long a country has been independent, relative political freedom, and openness in trade. Larger governments tend to limit growth, but that tendency can be offset by well-functioning institutions and high-quality bureaucracy. Size of government is not the only issue that matters.Using a large cross-country data set, Commander, Davoodi, and Lee examine the factors that cause governments to grow and analyze how the size of government affects growth, whether measured as income growth or other measures of well-being, such as infant mortality and life expectancy. They find no robust link between government size and per capita income. The factors they find to be important in explaining government size are relative prices, the age-dependency ratio, how long a country has been independent, relative political freedom, and openness in trade. Their results also partially support the view that governments use consumption to buffer external risk, especially in low-income countries.As for how government size affects growth, they find a robust and significant negative relationship between growth and government size, as measured by consumption. Policy distortions, predictably, also have a negative effect on growth. But the positive effects of well-functioning institutions and high quality in government bureaucracies can offset the negative influence of large government size alone.Finally, they find that social-sector spending can exert a positive influence by reducing infant mortality and raising life expectancy. Better income distribution, higher per capita income, higher per capita income growth, and more political freedom have the same positive effect on those two measures of well-being.This paper - a joint product of the Office of the Senior Vice President, Development Economics and Chief Economist, and New Products and Outreach Division, Economic Development Institute - was prepared as a background paper for World Development Report 1997 on the role of the state in a changing world.

National Saving and Economic Performance

Author : John B. Shoven
Publisher : University of Chicago Press
ISBN 13 : 0226044351
Total Pages : 396 pages
Book Rating : 4.2/5 (26 download)

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Book Synopsis National Saving and Economic Performance by : John B. Shoven

Download or read book National Saving and Economic Performance written by John B. Shoven and published by University of Chicago Press. This book was released on 2009-02-15 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: The past decade has witnessed a decline in saving throughout the developed world—the United States has the dubious distinction of leading the way. The consequences can be serious. For individuals, their own economic security and that of their families is jeopardized. For society, inadequate rates of saving have been blamed for a variety of ills—decreasing the competitive abilities of American industry, slowing capital accumulation, increasing our trade deficit, and forcing the sale of capital stock to foreign investors at bargain prices. Restoring acceptable rates of saving in the United States poses a major challenge to those who formulate national economic policy, especially since economists and policymakers alike still understand little about what motivates people to save. In National Saving and Economic Performance, edited by B. Douglas Bernheim and John B. Shoven, that task is addressed by offering the results of new research, with recommendations for policies aimed to improve saving. Leading experts in diverse fields of economics debate the need for more accurate measurement of official saving data; examine how corporate decisions to retain or distribute earnings affect household-level consumption and saving; and investigate the effects of taxation on saving behavior, correlations between national saving and international investment over time, and the influence of economic growth on saving. Presenting the most comprehensive and up-to-date research on saving, this volume will benefit both academic and government economists.

Making Politics Work for Development

Author : World Bank
Publisher : World Bank Publications
ISBN 13 : 1464807744
Total Pages : 350 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Making Politics Work for Development by : World Bank

Download or read book Making Politics Work for Development written by World Bank and published by World Bank Publications. This book was released on 2016-07-14 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments fail to provide the public goods needed for development when its leaders knowingly and deliberately ignore sound technical advice or are unable to follow it, despite the best of intentions, because of political constraints. This report focuses on two forces—citizen engagement and transparency—that hold the key to solving government failures by shaping how political markets function. Citizens are not only queueing at voting booths, but are also taking to the streets and using diverse media to pressure, sanction and select the leaders who wield power within government, including by entering as contenders for leadership. This political engagement can function in highly nuanced ways within the same formal institutional context and across the political spectrum, from autocracies to democracies. Unhealthy political engagement, when leaders are selected and sanctioned on the basis of their provision of private benefits rather than public goods, gives rise to government failures. The solutions to these failures lie in fostering healthy political engagement within any institutional context, and not in circumventing or suppressing it. Transparency, which is citizen access to publicly available information about the actions of those in government, and the consequences of these actions, can play a crucial role by nourishing political engagement.

Explaining the Growth of Government

Author : J.A. Lybeck
Publisher : Elsevier
ISBN 13 : 1483294978
Total Pages : 407 pages
Book Rating : 4.4/5 (832 download)

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Book Synopsis Explaining the Growth of Government by : J.A. Lybeck

Download or read book Explaining the Growth of Government written by J.A. Lybeck and published by Elsevier. This book was released on 2014-06-28 with total page 407 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this book is to explain the post-war growth of the public sector in a number of developed economies. The purpose is to see whether scientists familiar with their respective countries' institutional, political and economic framework, but still working as a group, can advance some common factors behind the growth of government.

Government Size and Economic Growth

Author : Richard K. Vedder
Publisher :
ISBN 13 :
Total Pages : 20 pages
Book Rating : 4.3/5 (243 download)

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Book Synopsis Government Size and Economic Growth by : Richard K. Vedder

Download or read book Government Size and Economic Growth written by Richard K. Vedder and published by . This book was released on 1998 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

How Does Political Instability Affect Economic Growth?

Author : Mr.Ari Aisen
Publisher : International Monetary Fund
ISBN 13 : 1455211907
Total Pages : 30 pages
Book Rating : 4.4/5 (552 download)

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Book Synopsis How Does Political Instability Affect Economic Growth? by : Mr.Ari Aisen

Download or read book How Does Political Instability Affect Economic Growth? written by Mr.Ari Aisen and published by International Monetary Fund. This book was released on 2011-01-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this paper is to empirically determine the effects of political instability on economic growth. Using the system-GMM estimator for linear dynamic panel data models on a sample covering up to 169 countries, and 5-year periods from 1960 to 2004, we find that higher degrees of political instability are associated with lower growth rates of GDP per capita. Regarding the channels of transmission, we find that political instability adversely affects growth by lowering the rates of productivity growth and, to a smaller degree, physical and human capital accumulation. Finally, economic freedom and ethnic homogeneity are beneficial to growth, while democracy may have a small negative effect.

Impact of government on growth and trade

Author : Anne O. Krueger
Publisher :
ISBN 13 :
Total Pages : 20 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Impact of government on growth and trade by : Anne O. Krueger

Download or read book Impact of government on growth and trade written by Anne O. Krueger and published by . This book was released on 1990 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Growth of Government and the Reform of the State in Industrial Countries

Author : Mr.Vito Tanzi
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Growth of Government and the Reform of the State in Industrial Countries by : Mr.Vito Tanzi

Download or read book The Growth of Government and the Reform of the State in Industrial Countries written by Mr.Vito Tanzi and published by International Monetary Fund. This book was released on 1995-12 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper describes the growth of public spending in industrial countries over the past century. It identifies several periods: the periods between 1870 and 1913; the period between the two World Wars; the post World War II period up to 1960; and the period after 1960. Public spending started growing during World War I but its growth accelerated after 1960. The paper outlines the reasons for this growth and speculates that recent government growth has not brought about much economic or social progress. The paper sees the future of government mainly in setting the “rules of the game,” and provides a rough blueprint for reform. It also discusses experiences with government reform in selected count les, and predicts that over the next decades, public spending as a share of GDP will fall.

Policy Distortions, Size of Government, and Growth

Author : William Russell Easterly
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 49 pages
Book Rating : 4./5 ( download)

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Book Synopsis Policy Distortions, Size of Government, and Growth by : William Russell Easterly

Download or read book Policy Distortions, Size of Government, and Growth written by William Russell Easterly and published by World Bank Publications. This book was released on 1989 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Understanding United States Government Growth

Author : William Dale Berry
Publisher : Praeger
ISBN 13 :
Total Pages : 240 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Understanding United States Government Growth by : William Dale Berry

Download or read book Understanding United States Government Growth written by William Dale Berry and published by Praeger. This book was released on 1987-10-05 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding United States Government Growth develops and tests alternative explanations of government growth since World War II. It opens with an analysis of debate about the causes and consequences of government growth, including the excessive government view that the public sector has grown beyond the scope demanded by citizens due to its own structural defects, and the responsive interpretation that government has gown because it has reacted appropriately to external public demands. The authors review the major political and economic explanations for government growth and criticize earlier empirical attempts to test these explanations. In the second half of the book, they distinguish four components of government growth: growth in the cost of government and growth in the scope of government activities in three domains--transfer payments, domestic purchases, and defense purchases. Both responsive and excessive explanations of each of these components of growth are developed and tested to allow an evaluation of the validity of the two contrasting views about big government.

Government Expenditure and Economic Growth

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451974159
Total Pages : 30 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Government Expenditure and Economic Growth by : International Monetary Fund

Download or read book Government Expenditure and Economic Growth written by International Monetary Fund and published by International Monetary Fund. This book was released on 1989-05-15 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the empirical evidence on the contribution that government and, in particular, capital expenditure make to the growth performance of a sample of developing countries. Using the Denison growth accounting approach, this study finds that social expenditures may have a significant impact on growth in the short run, but infrastructure expenditures may have little influence. While current expenditures for directly productive purposes may exert a positive influence, capital expenditure in these sectors appears to exert a negative influence. Experiments with other explanatory variables confirm the importance of the growth of exports to the overall growth rate.

The Growth of Government in Developed Economies

Author : Johan A. Lybeck
Publisher : Aldershot, Hants, England ; Brookfield, Vt., USA : Gower
ISBN 13 :
Total Pages : 280 pages
Book Rating : 4.:/5 (44 download)

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Book Synopsis The Growth of Government in Developed Economies by : Johan A. Lybeck

Download or read book The Growth of Government in Developed Economies written by Johan A. Lybeck and published by Aldershot, Hants, England ; Brookfield, Vt., USA : Gower. This book was released on 1986 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Oxford Handbook of the Quality of Government

Author : Andreas Bågenholm
Publisher : Oxford University Press
ISBN 13 : 0191899003
Total Pages : 881 pages
Book Rating : 4.1/5 (918 download)

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Book Synopsis The Oxford Handbook of the Quality of Government by : Andreas Bågenholm

Download or read book The Oxford Handbook of the Quality of Government written by Andreas Bågenholm and published by Oxford University Press. This book was released on 2021-07-20 with total page 881 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent research demonstrates that the quality of public institutions is crucial for a number of important environmental, social, economic, and political outcomes, and thereby human well-being. The Quality of Government (QoG) approach directs attention to issues such as impartiality in the exercise of public power, professionalism in public service delivery, effective measures against corruption, and meritocracy instead of patronage and nepotism. This Handbook offers a comprehensive, state-of-the-art overview of this rapidly expanding research field and also identifies viable avenues for future research. The initial chapters focus on theoretical approaches and debates, and the central question of how QoG can be measured. A second set of chapters examines the wealth of empirical research on how QoG relates to democratization, social trust and cohesion, ethnic diversity, happiness and human wellbeing, democratic accountability, economic growth and inequality, political legitimacy, environmental sustainability, gender equality, and the outbreak of civil conflicts. The remaining chapters turn to the perennial issue of which contextual factors and policy approaches—national, local, and international—have proven successful (and not so successful) for increasing QoG. The Quality of Government approach both challenges and complements important strands of inquiry in the social sciences. For research about democratization, QoG adds the importance of taking state capacity into account. For economics, the QoG approach shows that in order to produce economic prosperity, markets need to be embedded in institutions with a certain set of qualities. For development studies, QoG emphasizes that issues relating to corruption are integral to understanding development writ large.

Who Benefits from State and Local Economic Development Policies?

Author : Timothy J. Bartik
Publisher :
ISBN 13 : 9780880991131
Total Pages : 0 pages
Book Rating : 4.9/5 (911 download)

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Book Synopsis Who Benefits from State and Local Economic Development Policies? by : Timothy J. Bartik

Download or read book Who Benefits from State and Local Economic Development Policies? written by Timothy J. Bartik and published by . This book was released on 1991 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Government and Growth

Author : Villy Bergstrom
Publisher : Oxford University Press on Demand
ISBN 13 : 9780198290377
Total Pages : 267 pages
Book Rating : 4.2/5 (93 download)

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Book Synopsis Government and Growth by : Villy Bergstrom

Download or read book Government and Growth written by Villy Bergstrom and published by Oxford University Press on Demand. This book was released on 1997 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: The sixth volume in the FIEF Studies in Labour Markets and Economic Policy series is a contribution to the empirical literature on endogenous growth theory, which studies the interrelationships of institutions, government policies, distribution, and growth. After an Introductory overview bythe editor, the volume contains four main chapters, each of which is followed by review comments: Alesina and Perotti review recent literature on the political economy of growth, and discuss such topics as the relationship between income instability and growth, whether democratic institutions and civil liberties influence growth performance, and whether income inequality hampers growth or not. Hansson and Henrekson study the tendency--predicted by neoclassical growth theory--of per capita income and productivity to converge between countries. They focus on the diffusion of technology and the phenomenon of 'catching up', whereby poor countries copy the production methods and possibilyorganizational methods in advanced countries. Grier uses a similar neoclassical production-function approach, but brings in some new explanatory factors for the growth process, including union density, the existence of corporatist as opposed to economically liberal governments, and centralized versus decentralized wage formation. Analysing four cases of late, successful industrialization (South Korea, Taiwan, Finland, and Austria) Juhana Vartiainen shows that, under certain conditions, decentralized market solutions of the problems of resource allocation are inferior to state planning and corporatism with or withoutgovernment involvement.

Government Size and Human Development in Developing Countries

Author : Hamidreza Hajibabaei
Publisher : LAP Lambert Academic Publishing
ISBN 13 : 9783659634765
Total Pages : 88 pages
Book Rating : 4.6/5 (347 download)

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Book Synopsis Government Size and Human Development in Developing Countries by : Hamidreza Hajibabaei

Download or read book Government Size and Human Development in Developing Countries written by Hamidreza Hajibabaei and published by LAP Lambert Academic Publishing. This book was released on 2014-11-13 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: How can a country become more developed? The introduction of the new growth theory sees the role of government in the growth process in a new light that endogenous factors, including government, can influence economic growth. While enlargement of government could result in a boost in economic growth rate through establishing protections of property rights, standardization, ruling law, decreasing transaction costs and creating an environment conducive to investment and providing infrastructures and public goods especially healthcare and education; On the other hand, it leads to deceleration of economic growth through disincentive effects of taxation and borrowing and increased inefficiencies. Especially when public sector gradually trespasses to domains where private sector could provide services at higher quality and lower costs. Furthermore, although they are closely related, the variables that affect economic growth could affect development differently. Thus, the final impact of government size on development depends on the weight of negative and positive effects...

The True Size of Government

Author : Paul Charles Light
Publisher : Brookings Institution Press
ISBN 13 : 9780815752660
Total Pages : 272 pages
Book Rating : 4.7/5 (526 download)

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Book Synopsis The True Size of Government by : Paul Charles Light

Download or read book The True Size of Government written by Paul Charles Light and published by Brookings Institution Press. This book was released on 1999 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book-- the first that attempts to establish firm estimates of the shadow work force-- Paul C. Light explores the reasons why the official size of the federal government has remained so small while the shadow of government has grown so large.