Government Expenditure and Economic Growth PDF Download

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 42

View

Book Description
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: Charles A. Barrett
Publisher:
ISBN:
Category : Canada
Languages : en
Pages : 80

View

Book Description
The purpose of this study is twofold. The first is to trace the evolution of capital spending in the Canadian economy since the beginning of the 1950s and to analyze changing savings patterns over the same time period. The second purpose is to describe results of a series of four projections of capital spending requirements in the Canadian economy over the next five years, under different assumptions regarding how the economy might return to its potential growtlh path....The results of four projections of savings and investment patterns consistent with various patterns of economic recovery suggest that moderately strong investment spending would be required if the Canadian economy were to approach conditions of full employment over the next five years.

Author: Alberto Bucci
Publisher: Springer Nature
ISBN: 3030215997
Category : Business & Economics
Languages : en
Pages : 384

View

Book Description
This edited collection explores the links between human capital (both in the form of health and in the form of education), demographic change, and economic growth. Using empirical as well as theoretical perspectives, the authors investigate several important issues in the context of human capital, namely population ageing, inequality, public policy, and long-term economic development. Ultimately, they demonstrate that the accumulation of human capital is of crucial importance to long-run economic growth.

Author: Shantayanan Devarajan
Publisher:
ISBN:
Category : Compras estatales - Paises en desarrollo
Languages : en
Pages : 50

View

Book Description
The traditional views that public capital spending strengthens economic growth and current spending does not are not borne out by experience in developing countries. In fact, the only category of public spending associated with higher economic growth is current spending -- although spending on preventive care and "other education" has some positive effect.

Author: Paul Anthony Cashin
Publisher:
ISBN:
Category :
Languages : en
Pages : 36

View

Book Description
This paper develops an endogenous growth model of the influence of public investment, public transfers, and distortionary taxation on the rate of economic growth. The growth-enhancing effects of investment in public capital and transfer payments are modeled, as is the growth-inhibiting influence of the levying of distortionary taxes which are used to fund such expenditure. The theoretical implications of the model are then tested with data from 23 developed countries between 1971 and 1988, and time series-cross sectional results are obtained which support the proposed influence of the public finance variables on economic growth.

Author: Edward L. Glaeser
Publisher: University of Chicago Press
ISBN: 022680058X
Category : Business & Economics
Languages : en
Pages : 479

View

Book Description
"Policy-makers often call for expanding public spending on infrastructure, which includes a broad range of investments from roads and bridges to digital networks that will expand access to high-speed broadband. Some point to near-term macro-economic benefits and job creation, others focus on long-term effects on productivity and economic growth. This volume explores the links between infrastructure spending and economic outcomes, as well as key economic issues in the funding and management of infrastructure projects. It draws together research studies that describe the short-run stimulus effects of infrastructure spending, develop new estimates of the stock of U.S. infrastructure capital, and explore the incentive aspects of public-private partnerships (PPPs). A salient issue is the treatment of risk in evaluating publicly-funded infrastructure projects and in connection with PPPs. The goal of the volume is to provide a reference for researchers seeking to expand research on infrastructure issues, and for policy-makers tasked with determining the appropriate level of infrastructure spending"--

Author: New York (State). Commission on Economic Expansion
Publisher:
ISBN:
Category : New York (State)
Languages : en
Pages : 84

View

Book Description

Author: Pierre-Richard Agénor
Publisher: Princeton University Press
ISBN: 0691155801
Category : Business & Economics
Languages : en
Pages : 264

View

Book Description
Laying a solid foundation of economic facts and ideas, this book provides a comprehensive look at the critical role of public capital in development.

Author: Simon Smith Kuznets
Publisher: Princeton University Press
ISBN: 1400879728
Category : Business & Economics
Languages : en
Pages : 694

View

Book Description
An examination of long-term trends in capital formation and financing in the U.S., this study is organized primarily around the principal capital-using sectors of the economy: agriculture, mining and manufacturing, public utilities, non-farm residential real estate, and government. The analysis summarizes major trends in real capital formation and financing, and the factors that determined the trends. Originally published in 1961. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Author: Ronald I. McKinnon
Publisher: Brookings Institution Press
ISBN: 9780815718499
Category : Business & Economics
Languages : en
Pages : 204

View

Book Description
This books presents a theory of economic development very different from the "stages of growth" hypothesis or strategies emphasizing foreign aid, trade, or regional association. Leaving these aside, the author breaks new ground by focusing on the use of domestic capital markets to stimulate economic performance. He suggests a "bootstrap" approach in which successful development would depend largely on policy choices made by national authorities in the developing countries themselves. Central to his theory is the freeing of domestic financial markets to allow interest rates to reflect the true scarcity of capital in a developing economy. His analysis leads to a critique of prevailing monetary theory and to a new view of the relation between money and physical capital—a view with policy implications for governments striving to overcome the vicious circle of inflation and stagnation. Examining the performance of South Korea, Taiwan, Brazil, and other countries, the author suggests that their success or failure has depended primarily on steps taken in the monetary sector. He concludes that monetary reform should take precedence over other development measures, such as tariff and tax reform or the encouragement of foreign capital investment. In addition to challenging much of the conventional wisdom of development, the author's revision of accepted monetary theory may be relevant for mature economies that face monetary problems.