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Public Expenditure Economic Growth And Inflation
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Book Synopsis Public Expenditure, Economic Growth and Inflation by : Mukesh Kumar Solanki
Download or read book Public Expenditure, Economic Growth and Inflation written by Mukesh Kumar Solanki and published by Allied Publishers. This book was released on 2015-02-11 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book “Public Expenditure, Economic Growth and Inflation” addresses the most relevant issue of inflation in Indian economy. It makes an interesting reading as it attempts to establish the relationship among three macro-economic indicators, i.e., public expenditure, economic growth and inflation. The book gives an overview of the increasing public expenditure and its composition throughout the years after independence. Based on the secondary data the study makes a sincere effort to establish the possible relationship between public expenditure, inflation and economic growth. The book finds out that the Wagner law of increasing state activity is applicable in India both in absolute and relative terms. Economic Growth and public expenditure are positively correlated. Economic growth and inflation are inversely related. As public expenditure is motivated by maximization of social welfare, reduction in public expenditure means to sacrifice the social welfare objective.
Book Synopsis Federal Expenditure Policy for Economic Growth and Stability by : United States. Congress. Joint Economic Committee
Download or read book Federal Expenditure Policy for Economic Growth and Stability written by United States. Congress. Joint Economic Committee and published by . This book was released on 1957 with total page 1240 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Public Expenditure Handbook by : Mr.Ke-young Chu
Download or read book Public Expenditure Handbook written by Mr.Ke-young Chu and published by International Monetary Fund. This book was released on 1991-09-15 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook, edited by Ke-young Chu and Richard Hemming, offers guidance to officials formulating public policy recommendations, so that the aggregate level of public spending conforms with the economy's overall resource capacity. The handbook looks at the impact of public spending on the efficiency of resource use and explores the basis for distinguishing between productive and unproductive spending.
Book Synopsis Unproductive Public Expenditures by : International Monetary Fund
Download or read book Unproductive Public Expenditures written by International Monetary Fund and published by International Monetary Fund. This book was released on 2005-04-04 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public expenditure policy, together with efforts to raise revenue,is at the core of efficient and equitable adjustment. Public expenditureproductivity has critical implications for fiscal adjustment, particularly as the competition for limited public resources intensifies.By providing a framework for defining and analyzing public expenditureproductivity and unproductive expenditures, this pamphlet discusseshow economic policymakers may approach these issues.
Book Synopsis How to Limit Government Spending by : Aaron B. Wildavsky
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
Book Synopsis public expenditure and growth by : Santiago Herrera
Download or read book public expenditure and growth written by Santiago Herrera and published by World Bank Publications. This book was released on 2007 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Given that public spending will have a positive impact on GDP if the benefits exceed the marginal cost of public funds, the present paper deals with measuring costs and benefits of public spending. The paper discusses one cost seldom considered in the literature and in policy debates, namely, the volatility derived from additional public spending. The paper identifies a relationship between public spending volatility and consumption volatility, which implies a direct welfare loss to society. This loss is substantial in developing countries, estimated at 8 percent of consumption. If welfare losses due to volatility are this sizeable, then measuring the benefits of public spending is critical. Gauging benefits based on macro aggregate data requires three caveats: a) considering of the impact of the funding (taxation) required for the additional public spending; b) differentiating between investment and capital formation; c) allowing for heterogeneous response of output to different types of capital and differences in network development. It is essential to go beyond country-specificity to project-level evaluation of the benefits and costs of public projects. From the micro viewpoint, the rate of return of a project must exceed the marginal cost of public funds, determined by tax levels and structure. Credible evaluations require microeconomic evidence and careful specification of counterfactuals. On this, the impact evaluation literature and methods play a critical role. From individual project evaluation, the analyst must contemplate the general equilibrium impacts. In general, the paper advocates for project evaluation as a central piece of any development platform. By increasing the efficiency of public spending, the government can permanently increase the rate of productivity growth and, hence, affect the growth rate of GDP.
Book Synopsis The Economics of Public Spending by : Hassan Bougrine
Download or read book The Economics of Public Spending written by Hassan Bougrine and published by Edward Elgar Publishing. This book was released on 2000-01-01 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text argues that in many jurisdictions free market advocates have resorted to pubic sector downsizing and privatization as a means of alleviating problems of unemployment and slow economic growth, and that, as a consequence, the strategy of reducing public deficits, balancing budgets and achieving surpluses has become widely accepted as the only road to prosperity.
Book Synopsis Public Expenditure, Inflation, and Growth by : B. B. Bhattacharya
Download or read book Public Expenditure, Inflation, and Growth written by B. B. Bhattacharya and published by Oxford University Press, USA. This book was released on 1984 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this empirical analysis, the author uses a deaggregated macro-economic model developed especially for the mixed economy of India to discuss India's government budgetary constraints, resource mobilization, money supply and price levels, investment and growth, and wage-price spirals.
Book Synopsis Public Spending in the 20th Century by : Vito Tanzi
Download or read book Public Spending in the 20th Century written by Vito Tanzi and published by Cambridge University Press. This book was released on 2000-06-05 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: After a detailed account of reform experiences in several countries and the public debate regarding government reform, the study closes with an outlook on the future role of the state, a period when globalization may require and people may want "leaner" but not "meaner" states."--Jacket.
Book Synopsis Prosperity and Public Spending (Routledge Revivals) by : Edward Nell
Download or read book Prosperity and Public Spending (Routledge Revivals) written by Edward Nell and published by Routledge. This book was released on 2009-12-15 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a dramatic and well-argued challenge to the prevailing wisdom, Prosperity and Public Spending, first published in 1988, contends that the failure of Keynesian economics has been due to its timidity. Far from contracting, the government must expand its powers and activities, in order to achieve and maintain economic prosperity. The need for such expansion arises from the fact that the system has developed from a craft-based economy to a mass-production network with sophisticated international finance. This "transformational growth" brings about irreversible and sometimes devastating changes, requiring government action. Professor Nell argues that a lack of government action in the decade prior to the book’s initial publication was responsible for the stagnation of the economy and he asserts that this could only be overcome by a determined policy intervention and the political will to achieve dominance over private capital.
Book Synopsis Inflationary Financing of Government Expenditure in an Endogenous Growth Model by : Tapio Palokangas
Download or read book Inflationary Financing of Government Expenditure in an Endogenous Growth Model written by Tapio Palokangas and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyses the role of inflation in economies with endogenous growth and congestion in public services. Optimal policy rules are derived for public services and investment. The other findings are as follows. Monetary policy should maximize economic growth. The more inefficient the public sector is, the higher the growth-maximizing inflation rate is. If a currency union accepts a new member with an inefficient public sector, this will boost inflation in the union and decrease growth and welfare in all member economies of the union.
Book Synopsis Fiscal Policy, Public Expenditure Composition, and Growth by : Willi Semmler
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:
Book Synopsis Government Spending and Inflationary Finance by : International Monetary Fund
Download or read book Government Spending and Inflationary Finance written by International Monetary Fund and published by International Monetary Fund. This book was released on 1988-11-07 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the relationship between inflation tax and the level of government spending in a public finance context. The key feature of the model developed is that it recognizes the possibility that conventional taxes, such as the consumption tax, may carry increasing marginal collection costs. As a result, and unlike previous findings in the literature, the inflation tax becomes an increasing function of government spending. Furthermore, the more inefficient the tax collection system, the larger the increase in the inflation tax for a given increase in government spending. A numerical analysis of the model provides additional insights into these relationships.
Book Synopsis The Interrelationship Between Money Supply, Prices and Government Expenditures and Economic Growth by : Andreas G. Georgantopoulos
Download or read book The Interrelationship Between Money Supply, Prices and Government Expenditures and Economic Growth written by Andreas G. Georgantopoulos and published by . This book was released on 2019 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the short run as well the long run relationships between money supply, inflation, government expenditure and economic growth by employing the Error Correction Mechanism (ECM) and Johansen co-integration test respectively for the case of Cyprus using annual data from 1980 to 2009. Collectively, empirical results imply that public spending promotes economic development in Cyprus. However, deficit financing by the government causes more liquidity effects but also inflationary pressure in the economy. Results show that inflation negatively effects economic growth probably due to adverse supply shock. Money supply should be allowed to grow according to the real output of the economy but excess growth of money causes inflationary pressure in case of Cyprus. Therefore, this paper suggests that the government should control its current expenditure that stimulates aggregate demand and to focus more on development expenditure which stimulates aggregate supply and increases real output level.
Book Synopsis The Politics of Inflation and Economic Stagnation by : Leon Lindberg
Download or read book The Politics of Inflation and Economic Stagnation written by Leon Lindberg and published by Brookings Institution Press. This book was released on 1985-06-01 with total page 646 pages. Available in PDF, EPUB and Kindle. Book excerpt: The inflation of the 1970s represented the greatest peacetime disruption of the Western economies since the Depression. Even as inflation receded, the recession in its wake brought more joblessness than at any time since the 1930s. The governments of industrialized nations found that the economic policies they had developed since World War II no longer assured price stability or high employment. What are the lessons of over a decade of economic difficulty? In this conference volume, which focuses on aspects of the crisis that economists often presuppose to be beyond control, the authors analyze the political and social underpinning of inflation and recession. Part 1 places the economic problems of the 1970s in the historical context of postwar development and then compares economic and political science analyses of inflation. Part 2 examines how rivalries between social groups affect inflationary processes. One chapter draws on the history of Latin American inflation to suggest the conflicts in play. Two others weigh the role of labor and industry in the formation of economic policy. And another shows how rivalry between countries, like rivalry between classes at home, permitted inflation to rise. The chapters in part 3 contest the claim that big government or big labor causes inflation. Two studies emphasize that a high degree of public expenditure does not itself lead to inflation. Further contributions explore the role of central banks and subject such concepts as the political business cycle to critical analysis. Part 4 comprises case studies about macroeconomic policymaking in four nations: Italy, Germany, Japan, and Sweden. The studies reveal what institutional attributes rendered those countries resistant to inflation or vulnerable to economic setback. In the last part, the editors pull together the findings and lay out the contemporary political feasibility of alternative approaches to macroeconomic management.
Book Synopsis Fiscal Policy, Stabilization, and Growth in Developing Countries by : Mr.Mario I. Bléjer
Download or read book Fiscal Policy, Stabilization, and Growth in Developing Countries written by Mr.Mario I. Bléjer and published by International Monetary Fund. This book was released on 1989-06-15 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: Edited by Mario I. Blejer and Ke-young Chu, this book investigates linkages among components of the public sector, as well as between macro and micro aspects of fiscal policy, in developing countries. It presents 13 papers prepared by economists of the IMF's Fiscal Affairs Department.
Book Synopsis Government Size and Implications for Economic Growth by : Andreas Bergh
Download or read book Government Size and Implications for Economic Growth written by Andreas Bergh and published by Rowman & Littlefield. This book was released on 2010 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: As economists and policymakers strive to understand the causes of the global financial crisis, pinpointing the relationship between government size and economic growth is crucial. In this incisive economic study, Andreas Bergh and Magnus Henrekson find that in wealthy countries, where government size is measured as total taxes or total expenditure relative to GDP, there is a strong negative correlation between government size and economic growth-where government size increases by 10 percentage points, annual growth rates decrease by 0.5 to 1 percent. Bergh and Henrekson stress that statistical correlations, even when highly significant, are not law. Some countries with high taxes enjoy above-average growth, and some countries with small governments have stagnant economies. The Scandinavian welfare states, for example, have enjoyed steady growth over the last decade despite their large governments. However, these nations compensate for high taxes by employing market-friendly policies in other areas, such as trade openness and inflation control. Government Size and Economic Growth concludes that, in every case, economic freedom is a crucial determinant of economic growth_suggesting that government intervention in the marketplace may be the wrong approach to solving the economic crisis.
