Government Influence On Growth
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The Causes Of Government And The Consequences For Growth And Well Being
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Author : Simon John Commander
language : en
Publisher:
Release Date : 2016
The Causes Of Government And The Consequences For Growth And Well Being written by Simon John Commander and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
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.
Policy Distortions Size Of Government And Growth
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Author : William Russell Easterly
language : en
Publisher: World Bank Publications
Release Date : 1989
Policy Distortions Size Of Government And Growth written by William Russell Easterly and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with categories.
Government Size And Human Development In Developing Countries
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Author : Hamidreza Hajibabaei
language : en
Publisher: LAP Lambert Academic Publishing
Release Date : 2014-11-13
Government Size And Human Development In Developing Countries written by Hamidreza Hajibabaei and has been published by LAP Lambert Academic Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-11-13 with categories.
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...
Explaining The Growth Of Government
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Author : J.A. Lybeck
language : en
Publisher: Elsevier
Release Date : 2014-06-28
Explaining The Growth Of Government written by J.A. Lybeck and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-06-28 with Business & Economics categories.
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.
Policy Distortions Size Of Government And Growth
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Author : William Easterly
language : en
Publisher:
Release Date : 1989
Policy Distortions Size Of Government And Growth written by William Easterly and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Economic development categories.
The dialogue that advocates of liberalization have with policymakers would improve if more were made of the structural factors that influence the effect of reducing distortions on growth.
Local Government Policies That Infuence Population Growth
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Author : Comprehensive Planning Organization
language : en
Publisher:
Release Date : 1974
Local Government Policies That Infuence Population Growth written by Comprehensive Planning Organization and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1974 with Population policy categories.
Selective Government Interventions And Economic Growth
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Author : Mr.Jonathan David Ostry
language : en
Publisher: International Monetary Fund
Release Date : 1993-11-01
Selective Government Interventions And Economic Growth written by Mr.Jonathan David Ostry and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993-11-01 with Business & Economics categories.
Since the mid-1980s, New Zealand has been engaged in a broad-ranging economic reform program--involving liberalization of key sectors of the economy, reduction in trade protection, and trimming of the public sector--in order to restructure its economy and stimulate growth. With growth performance having been rather lackluster in recent years, questions have been raised as to whether a more interventionist approach--such as that followed by some Asian countries--might be warranted in order to place the economy on a higher growth path. A review of the empirical literature dealing with the experience of the dynamic Asian economies does not suggest that their success can be attributed to any significant degree to selective government interventions.
The Effect Of Increasing Government Employment On Growth
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Author : Mr.James P. F. Gordon
language : en
Publisher: International Monetary Fund
Release Date : 1997-03-01
The Effect Of Increasing Government Employment On Growth written by Mr.James P. F. Gordon and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-03-01 with Business & Economics categories.
In contrast to the experience in industrial countries, government sectors in a number of African countries grew rapidly in relative size through the 1980s and early 1990s, implying a differential between measured GDP growth and growth of private sector activity. In these countries, the government sector was also an important source of employment growth. Leaving aside issues of crowding out, boosting growth in this way raises questions of fiscal sustainability. It also urges caution in interpreting growth performance.
How Does Political Instability Affect Economic Growth
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Author : Mr.Ari Aisen
language : en
Publisher: International Monetary Fund
Release Date : 2011-01-01
How Does Political Instability Affect Economic Growth written by Mr.Ari Aisen and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-01-01 with Business & Economics categories.
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.
The Growth Of Government In Developed Economies
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Author : Johan A. Lybeck
language : en
Publisher: Aldershot, Hants, England ; Brookfield, Vt., USA : Gower
Release Date : 1986
The Growth Of Government In Developed Economies written by Johan A. Lybeck and has been published by Aldershot, Hants, England ; Brookfield, Vt., USA : Gower this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with Business & Economics categories.