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Author: J.A. Lybeck
Publisher: Elsevier
ISBN: 1483294978
Category : Business & Economics
Languages : en
Pages : 406
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Book Description
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.
Author: J.A. Lybeck
Publisher: Elsevier
ISBN: 1483294978
Category : Business & Economics
Languages : en
Pages : 406
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Book Description
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.
Author: Sabyasachi Kar
Publisher: Springer
ISBN: 1352000261
Category : Political Science
Languages : en
Pages : 105
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Book Description
‘This book is different from most other attempts to understand the politics of Indian economic development. Breaking down the last 65+ years of Indian development into several episodes of growth, it provides a rich set of insights into the political economy of the Indian development process and is a valuable addition to the literature.’ –Pranab Bardham, University of California, Berkeley, USA ‘Sustained economic growth in the world's largest democracy is critically important to human well-being, but the ups and downs of growth in India are not well-understood. This book provides a fresh and insightful approach to understanding what drives the starts of booms and the onset of slowdowns.’ –Lant Pritchett, Harvard University, USA ‘This is a little book with big arguments. The authors' explanation of the changing character of the deals done between political and business elites makes for the most original contribution to studies of the political economy of Indian development since Pranab Bardhan's seminal work of the early 1980s’ –John Harriss, Simon Fraser University, Vancouver, Canada This book moves beyond the usual economic analysis of the Indian growth story and provides a fresh perspective on the determinants of growth episodes in post-independence India, based on its political economy. Using a robust and novel technique, the authors identify four such episodes during this period. The first, running from the 1950s to 1992, was mostly characterized by economic stagnation, with a nascent recovery in the eighties. The second, covering the period 1993 to 2001, witnessed the first growth acceleration in the economy. A second acceleration ran from 2002 to 2010. The fourth and final episode started with the slowdown in 2010 and continues to this day. The book provides a theoretical framework that focuses on rent-structures, institutions and the polity, and demonstrates how changes in these can explain the four growth episodes. Kar and Sen argue that the transitions from one growth episode to another can be explained by the bi-directional relationship between growth outcomes and institutional arrangements, and by the manner in which institutional arrangements and their transitions are determined by the political bargains struck between the elite groups in Indian society.
Author: Eckhard Scharmer
Publisher: GRIN Verlag
ISBN: 3638210936
Category : Business & Economics
Languages : en
Pages : 11
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Book Description
Seminar paper from the year 2002 in the subject Economics - Finance, grade: 1,7 (A-), Stellenbosch Universitiy (Economics), course: Public Finance, 18 entries in the bibliography, language: English, abstract: Explaining the phenomenon of the growth of government expenditure has always been a wide field in the science of Public Finance. The aim of those theories is not only to explain government growth but also to find solutions in order to distribute public expenses more efficiently and to derive the “optimal” size of the government, finally. Before using these models and theories as a tool and vehicle one has to ask whether those theories are applicable in reality at all, because each theory has shortcomings and deficits which might lead to incorrect results and wrong decisions. The purpose of this paper is to reveal and discuss the most important criticism and to show that there does not exist a perfect theory which might explain government growth.
Author: William Berry
Publisher: Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 240
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Book Description
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.
Author: Simon John Commander
Publisher:
ISBN:
Category :
Languages : en
Pages : 70
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Book Description
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.
Author: Mr.Sanjeev Gupta
Publisher: International Monetary Fund
ISBN: 1463903502
Category : Business & Economics
Languages : en
Pages : 37
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Book Description
This paper constructs an efficiency-adjusted public capital stock series and re-examines the public capital and growth relationship for 52 developing countries. The results show that public capital is a significant contributor to economic growth. Although the estimated coefficient for the income share of public capital is larger in middle- than in low-income countries, the opposite is true for the marginal product of public capital. The quality of public investment, as measured by variables capturing the adequacy of project selection and implementation, are statistically significant in explaining variations in economic growth, a result mainly driven by low-income countries.
Author: Jonathan E. Sanford
Publisher: Nova Publishers
ISBN: 9781590337509
Category : Developing countries
Languages : en
Pages : 70
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Book Description
What is a developing country? How does one know whether a country is actually developing or not? This book looks at this issue from several perspectives. Using a series of reports by various organisations, it shows how countries rank in their levels of development according to different criteria. Countries ranking high according to one measure may rank lower according to another. It was once commonly believed that raising a country's average per capita income level would lead to improvements in most other areas. Time and experience have shown, however, that social conditions and general well-being of people may not necessarily improve when a country's average income level increases. Countries with high levels of per capita income may rank lower in their social and structural development. By contrast, some poor countries rank with the advanced countries in their governance and levels of individual and economic freedom. This book examines four criteria which are often used today to rank and assess countries' levels of development. They are: per capita income; economic and social structure; social conditions, and; the prevailing level of economic and political freedom. Specific indices or quantitative studies are explained and applied to each criteria and differences among the various measures are explained.
Author: Andreas Bergh
Publisher: Rowman & Littlefield
ISBN: 0844743534
Category : Economic development
Languages : en
Pages : 82
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Book Description
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.
Author: John F. Walker
Publisher: M.E. Sharpe
ISBN: 9780765600677
Category : Political Science
Languages : en
Pages : 282
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Book Description
This text chronicles the growth of local, state and federal government over the last 100 years and explains this growth by arguing that public and social acceptance (even demand for) government intervention has allowed for a strong government role at all levels of the economy.
Author: Gabriel Abraham Almond
Publisher: Little Brown
ISBN:
Category : Developing countries
Languages : en
Pages : 582
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Book Description
