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Author : Austin B. King
Publisher :
ISBN 13 :
Total Pages : 240 pages
Book Rating : 4.:/5 (966 download)
Download or read book The Dynamics of Government Spending and Economic Growth written by Austin B. King and published by . This book was released on 2015 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Alfonso Arpaia
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.3/5 ( download)
Download or read book Government Expenditure and Economic Growth in the EU written by Alfonso Arpaia and published by . This book was released on 2008 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recoge: 1. Introduction - 2. Empirical strategy and data - 3. Panel unit root tests and cointegration analysis - 4. Heterogeneous panel ECM estimation - 5. Robustness analysis - 6. Implications for policy - 7. Concluding remarks.
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451974159
Total Pages : 30 pages
Book Rating : 4.4/5 (519 download)
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.
Author : Philip Booth
Publisher : London Publishing Partnership
ISBN 13 : 025536735X
Total Pages : 256 pages
Book Rating : 4.2/5 (553 download)
Download or read book Taxation, Government Spending and Economic Growth written by Philip Booth and published by London Publishing Partnership. This book was released on 2016-11-01 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Amidst the debates about ‘austerity’ a number of vital debates in public finance have been sidelined. Because the reductions in government spending – small though they have been so far- have been designed to reduce the government’s borrowing requirement, there has been little discussion of whether the size of the state should be reduced in order to facilitate long-run reductions in the burden of taxation. This book traces the history of the growth of the size of the state over the last 100 years whilst also making international comparisons. There is a particular focus on recent and projected future developments which shows that, though the total level of government spending has not decreased significantly in recent years, there has been a big redirection of spending from some areas to others. The authors then examine the evidence on the relationship between taxation and economic growth. As well as reviewing recent literature, they also undertake new modelling that higher taxes are detrimental for growth. In the final part of the book, the whole UK tax system is reconsidered in a proper economic framework. The UK has one of the world’s most complex tax systems and its incoherence has increased over the last five years. Sweeping reforms are proposed to the system which wold involve abolishing around 20 taxes and the development of a simple, predictable tax system based on principles that should gain wide acceptance.
Author : Richard K. Vedder
Publisher :
ISBN 13 :
Total Pages : 20 pages
Book Rating : 4.3/5 (243 download)
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:
Author : Hassan Bougrine
Publisher : Edward Elgar Publishing
ISBN 13 : 1786439573
Total Pages : 360 pages
Book Rating : 4.7/5 (864 download)
Download or read book Economic Growth and Macroeconomic Stabilization Policies in Post-Keynesian Economics written by Hassan Bougrine and published by Edward Elgar Publishing. This book was released on 2020-07-31 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hassan Bougrine, Louis-Philippe Rochon and the expert contributors to this book explore issues of economic growth and full employment; presenting a clear explanation to stagnation, recessions and crises, including the latest Global Financial Crisis of 2007-8. With a central focus on the role played by government spending, deficits and debt as well as the setting of interest rates, the chapters propose alternative policies that can be used by central banks and fiscal authorities to deal with problems of income inequality, unemployment and slow productivity.
Author : Aaron B. Wildavsky
Publisher : Univ of California Press
ISBN 13 : 9780520042278
Total Pages : 210 pages
Book Rating : 4.0/5 (422 download)
Download or read book How to Limit Government Spending written by Aaron B. Wildavsky and published by Univ of California Press. This book was released on 1980-01-01 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: Criticizes government spending policy, budgeting methods, and expenditures, calling for a constitutional amendment to curb inflation and limit federal spending
Author : Irving Joel Llamosas-Rosas
Publisher :
ISBN 13 :
Total Pages : 147 pages
Book Rating : 4.:/5 (894 download)
Download or read book The Impact of the U.S. Federal Government's Expenditure on Regional Growth - Towards More Comprehensive Measurements written by Irving Joel Llamosas-Rosas and published by . This book was released on 2014 with total page 147 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation is a comprehensive study of governmental expenditures and their impact on economic growth of the United States economies; the research will contribute to existing literature with the use of a unique database that collects actual expenditures and is not based on proxies. The first chapter is a review of the various strands of the theoretical literature and analyzes the results of empirical estimations in Europe and in the U.S. where regional development policies are already well established, as well as providing recommendations for future research in this field. The second chapter relies on a Cobb-Douglas production function approach to analyze the role of physical and human capital on the US states economies over 2000-2008. It makes use of recent theoretical developments on the role of inter-state technological spillovers on income. In addition, the chapter adopts a unique set of data on publicly funded investments in physical and human capital that brings new insights into the traditional measurements of the Mankiw-Romer-Weil model of regional income distribution and regional growth dynamics. The third chapter analyzes the impact of the actual amounts of all federally funded development programs on the growth rate of U.S. counties. Relying on a conditional neoclassical beta convergence, it measures the impacts of the U.S. federal government expenditures as overall spending, for each of 15 types of federal spending, and by agency-based classification from 2000-2007. The chapter accounts for the significant difference in the growth dynamics of the metropolitan and non-metropolitan counties and potential heterogeneity of public expenditures. The forth chapter evaluates the hypothesis that federal grants crowd-out state and local government spending using a cross-classification of actual federal and state-local types of expenditures. The literature has not reached an empirical conclusion, with the majority of the empirical research concluding a crowding-in of federal spending. Therefore, this study incorporates recent discussions about potential endogeneity of federal funds and lack of flexibility of state-local budgets due to institutional or political commitments using a dynamic panel of U.S. states over 1997-2009.
Author : Mr.Santiago Acosta Ormaechea
Publisher : International Monetary Fund
ISBN 13 : 1475560605
Total Pages : 45 pages
Book Rating : 4.4/5 (755 download)
Download or read book Can a Government Enhance Long-Run Growth by Changing the Composition of Public Expenditure? written by Mr.Santiago Acosta Ormaechea and published by International Monetary Fund. This book was released on 2013-07-08 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the effects of public expenditure reallocations on long-run growth. To do this, we assemble a new dataset based on the IMF’s GFS yearbook for the period 1970-2010 and 56 countries (14 low-, 16 medium-, and 26 high-income countries). Using dynamic panel GMM estimators, we find that a reallocation involving a rise in education spending has a positive and statistically robust effect on growth, when the compensating factor remains unspecified or when this is associated with an offsetting reduction in social protection spending. We also find that public capital spending relative to current spending appears to be associated with higher growth, yet results are non-robust in this latter case.
Author : Xavier Sala i Martin
Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (265 download)
Download or read book The Timing of Government Spending in a Dynamic Model of Imperfect Competition written by Xavier Sala i Martin and published by . This book was released on 1991 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Alfred Greiner
Publisher : Springer Science & Business Media
ISBN 13 : 3642017452
Total Pages : 148 pages
Book Rating : 4.6/5 (42 download)
Download or read book Public Debt and Economic Growth written by Alfred Greiner and published by Springer Science & Business Media. This book was released on 2009-07-24 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: Starting point of this book is the observation that an increase in public debt must be accompanied by a rise in the primary surplus of the government to guarantee sustainability of public debt. The book first elaborates on that principle from a theoretical point of view and then tests whether empirical evidence for that rule can be found. Additional tests are implemented to gain further evidence on sustainability of public debt. In order to allow for time varying coefficients penalized spline estimations are performed. The theoretical chapters present endogenous growth models and assume that the primary surplus rises as public debt increases so that sustainability of public debt is given. Implications of public deficits and debt are studied assuming full employment and for unemployment. The conclusion summarizes the findings and compares the results of the different models. Finally, policy implications are given showing how governments should deal with high public debt to GDP ratios.
Author : National Association of Manufacturers (U.S.)
Publisher :
ISBN 13 :
Total Pages : 20 pages
Book Rating : 4.3/5 ( download)
Download or read book The Economics of Government Spending written by National Association of Manufacturers (U.S.) and published by . This book was released on 1958 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Pantelis Capros
Publisher : Routledge
ISBN 13 : 1134766041
Total Pages : 332 pages
Book Rating : 4.1/5 (347 download)
Download or read book Budgetary Policy Modelling written by Pantelis Capros and published by Routledge. This book was released on 2005-11-01 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: The focus of this volume is on the European context of public budget policy and a variety of different approaches are used - theoretical modelling, econometrics and applied general equilibrium modelling. Empirical evidence and case studies of European countries are contained in all the papers. The papers cover the four general themes of public budget policy: * economic stabilization, in view of the Economic and Monetary Union in the European Community * reinforcing structural change, involved in market liberalization and harmonization of economic structures * its distributional effects and implications for social equity * endogenous economic growth.
Author : Mark Gradstein
Publisher : World Bank Publications
ISBN 13 : 1205145559
Total Pages : 16 pages
Book Rating : 4.2/5 (51 download)
Download or read book The Political Economy of Public Spending on Education, Inequality, and Growth written by Mark Gradstein and published by World Bank Publications. This book was released on 2003 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public provision of education has often been perceived as universal and egalitarian, but in reality it is not. Political pressure typically results in incidence bias in favor of the rich. The author argues that the bias in political influence resulting from extreme income inequalities is particularly likely to generate an incidence bias, which we call social exclusion. This may then lead to a feedback mechanism whereby inequality in the incidence of public spending on education breeds higher income inequality, thus generating multiple equilibria: with social exclusion and high inequality; and with social inclusion and relatively low inequality. The author also shows that the latter equilibrium leads to higher long-run growth than the former. An extension of the basic model reveals that spillover effects among members of social groups differentiated by race or ethnicity may reinforce the support for social exclusion.
Author : Willi Semmler
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4./5 ( download)
Download or read book Fiscal Policy, Public Expenditure Composition, and Growth written by Willi Semmler and published by World Bank Publications. This book was released on 2007 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Juan Antolin-Diaz
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (133 download)
Download or read book The Long-run Effects of Government Spending written by Juan Antolin-Diaz and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the dynamic effects of military spending and other government outlays using 125 years of U.S. quarterly data and Vector Auto Regressions (VAR) with up to sixty lags. The output multiplier is below one at business-cycle frequencies but is above one in the long-run. A public spending expansion of 1% of GDP leads to a sustained increase in inflation of 0.15% per year. Military spending crowds out private investment over the first four years but crowds it in at longer horizons. Over the medium-term, innovation and productivity rise persistently, leading to a second output expansion. We show that these dynamics are most likely driven by government R&D expenditure rather than by public investment or public consumption, highlighting an important channel through which fiscal policy can support economic growth beyond the business-cycle.
Author : Stefano Paternostro
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 39 pages
Book Rating : 4./5 ( download)
Download or read book How Does the Composition of Public Spending Matter? written by Stefano Paternostro and published by World Bank Publications. This book was released on 2005 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Public spending has effects which are complex to trace and difficult to quantify. But the composition of public expenditure has become the key instrument by which development agencies seek to promote economic development. In recent years, the development assistance to heavily indebted poor countries (HIPCs) has been made conditional on increased expenditure on categories that are thought to be "pro-poor". This paper responds to the growing concern being expressed about the conceptual foundations and the empirical basis for the belief that poverty can be reduced through targeted public spending. While it is widely accepted that growth and redistribution are important sources of reduction in absolute poverty, a review of the literature confirms the lack of an appropriate theoretical framework for assessing the impact of public spending on growth as well as poverty. There is a need to combine principles of both public economics and growth theory to develop appropriate theoretical guidance for public expenditure policy. This paper identifies a number of approaches that are beginning to address this gap. Building on these approaches, it proposes a framework that has its foundation in a broadly articulated development strategy and its economic goals such as growth, equity, and poverty reduction. It recommends the use of public economics principles to clarify the roles of the private and public sectors and to recognize the complementarity of spending, taxation, and regulatory instruments available to affect public policy. With regard to the impact of any given type of public spending, policy recommendations must be tailored to countries and be based on empirical analysis that takes account of the lags and leads in their effects on equity and growth and ultimately on poverty. The paper sketches out such a framework as the first step in what will have to be a longer-term research agenda to provide theoretically and empirically robust and verifiable guidance to public spending policy.
