scholarly journals Effectiveness of Public Spending before and during COVID-19 Pandemic

2022 ◽  
pp. 42-49
Author(s):  
Kamelia Assenova
Keyword(s):  
Social Insurance ◽  
Aggregate Demand ◽  
Public Spending ◽  
Coefficient Of Determination ◽  
Strong Impact ◽  
Labor Costs ◽  
Negative Results ◽  
Capital Spending ◽  
The Government ◽  
The Impact

The pandemic of COVID-19 influences all sectors of the economy. It caused decreasing in produced Gross domestic product (GDP) and higher unemployment. As it is known, to overcome this negative tendency, it is possible to put in practice monetary and fiscal instruments. During the pandemic, the government tried to slow down negative economic results through public spending. With them, the government looks to be increased aggregate demand in the economy and as a result-GDP raises and unemployment reduces. The research is based on created original model for testing the impact of total public spending, capital, salary, social insurance and care, for maintenance by a consolidated fiscal program on the value of GDP. The changes of GDP measure the effectiveness of public spending. The period of research is before and during the COVID-19 crisis (2019-2020) in the case of Bulgaria. Before the pandemic the analysis shows coefficient of determination for capital spending is more significant compare with all other types of public expenditure and these cost predetermine economic growth. During the pandemic of COVID-19 public spending has used as the main instrument to overcome the negative results for the economy. For this period it found an extremely strong impact of labor costs and social care expenditure on aggregate demand. They bring more positive results to be solved health issues, but not for faster recovery of the economy.

scholarly journals FINANCIAL INCLUSION AND POVERTY ALLEVIATION AMONG SMALLHOLDER FARMERS IN ZIMBABWE

2020 ◽  
Vol 8 (3) ◽  
pp. 168-182
Author(s):  
David Mhlanga ◽  
◽  
Steven Henry Dunga ◽  
Tankiso Moloi ◽  
◽  
...  
Keyword(s):  
Financial Institutions ◽  
Financial Services ◽  
Poverty Reduction ◽  
Smallholder Farmers ◽  
Financial Education ◽  
Financial Inclusion ◽  
Strong Impact ◽  
Development Goals ◽  
The Government ◽  
The Impact

The study sought to investigate the impact of financial inclusion on poverty reduction in Zimbabwe among the smallholder farmers. It is alleged that financial inclusion can help in achieving seven of the seventeen sustainable development goals (SDGs), which include poverty eradication in all its forms everywhere, ending hunger, achieving food security, ensuring improved nutrition as well as promoting sustainable agriculture and many others. Using the simple regression method, the study discovered that financial inclusion has a strong impact on poverty reduction among smallholder farmers. The study went on to discover that, for the government to tackle poverty especially among the smallholder farmers, it is important to ensure that farmers do participate in the financial sector through saving, borrowing and taking out insurance among other services. So, it is important for the government of Zimbabwe to fully implement policies that encourage financial inclusion such as making sure that farmers find it easy to access financial institutions and encouraging financial institutions to review transaction costs like bank account opening charges periodically, implementing financial education programs among the farmers because these variables are important in influencing farmers to participate or preventing them from using financial services.

Effects of zakat on the economic growth in selected Islamic countries: empirical evidence

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Khoutem Ben Jedidia ◽  
khouloud Guerbouj
Keyword(s):  
Economic Growth ◽  
Growth Factor ◽  
Panel Data ◽  
Aggregate Demand ◽  
Empirical Support ◽  
Dynamic Panel Data ◽  
Content Type ◽  
Muslim Countries ◽  
The Government ◽  
The Impact

Purpose This study aims to examine the impact of zakat on the economic growth for a sample of Muslim countries. As a matter of fact, Zakat is a religious tax on wealth paid annually to specified recipients. As it leads to income redistribution and increases the aggregate demand, zakat can be a growth factor in the Islamic framework. Design/methodology/approach This paper is based on a dynamic panel data model for the purpose of investigating the role of zakat in the economic growth for a sample of eight Muslim countries during the period ranging from 2004 to 2017. The general method of moments is applied. Findings The findings provide evidence that zakat stimulates the country’s growth. Indeed, as zakat funds are directed to increase consumption, investment or government expenditure, they spur on the economic growth. Moreover, the authors come to the conclusion that more trade openness allows an increase in the real gross domestic product (GDP) per capita. However, the broad money to GDP and population growth rate seem insignificantly associated with the economic growth for the sample considered. Practical implications The findings have substantial implications for the economic policy in Muslim countries. Authorities may further rely on zakat to boost the economic growth. First, it is essential to improve the muzakki’s knowledge on zakat to increase their intention, and so their ability and willingness to pay zakat. Second, the government intervention in both zakat collect and distribution becomes mandatory. Therefore, the contribution of zakat to the economic growth will be higher. This requires better-quality services of zakat institutions. Originality/value A few studies have empirically looked into the impact of zakat on the economic growth, especially for panel data. Hence, the present study tries to enrich the literature on this topic. It creates significant evidence regarding the relevance of zakat in Muslim countries. The findings provide empirical support that zakat is an additional growth factor in the Islamic framework.

scholarly journals COVID-19 Pandemic Uncertainty Shock Impact on Macroeconomic Stability in Ethiopia

2020 ◽  
Vol 11 (2) ◽  
pp. 132
Author(s):  
Habtamu Girma DEMIESSIE
Keyword(s):  
Fiscal Policy ◽  
Aggregate Demand ◽  
Spillover Effects ◽  
Food Prices ◽  
Shock Effect ◽  
Food Transport ◽  
The Government ◽  
The Impact ◽  
Macroeconomic Stability

This study investigated the impact of COVID-19 pandemic uncertainty shock on the macroeconomic stability in Ethiopia in the short run period. The World Pandemic Uncertainty Index (WPUI) was used a proxy variable to measure COVID-19 Uncertainty shock effect. The pandemic effect on core macroeconomic variables like investment, employment, prices (both food & non-food prices), import, export and fiscal policy indicators was estimated and forecasted using Dynamic Stochastic General Equilibrium (DSGE) Model. The role of fiscal policy in mitigating the shock effect of coronavirus pandemic on macroeconomic stability is also investigated. The finding of the study reveals that the COVID-19 impact lasts at least three years to shake the economy of Ethiopia. Given that the Ethiopian economy heavily relies on import to supply the bulk of its consumption and investment goods, COVID-19 uncertainty effect starts as supply chain shock, whose effect transmitted into the domestic economy via international trade channel. The pandemic uncertainty shock effect is also expected to quickly transcend to destabilize the economy via aggregate demand, food & non-food prices, investment, employment and export shocks. The overall impact of COVID-19 pandemic uncertainty shock is interpreted into the economy by resulting under consumption at least in the next three years since 2020. Therefore, the government is expected to enact incentives/policy directions which can boost business confidence. A managed expansionary fiscal policy is found key to promote investment, employment and to stabilize food & non-food prices. A particular role of fiscal policy was identified to stabilizing food, transport and communication prices. The potency of fiscal policies in stabilizing food, transport and communication prices go in line with the prevailing reality in Ethiopia where government has strong hands to control those markets directly and/or indirectly. This suggests market failure featuring COVID-19 time, calling for managed interventions of governments to promote market stabilities. More importantly, price stabilization policies of the government can have spillover effects in boosting aggregate demand by spurring investments (and widening employment opportunities) in transport/logistics, hotel & restaurant, culture & tourism and export sectors in particular.

scholarly journals The Impact of Public Spending on Poverty through the Channel of Social Infrastructure: An Empirical Analysis of Asian Economies

2020 ◽  
Vol V (IV) ◽  
pp. 12-23
Author(s):  
Muhammad Akbar ◽  
Sabahat Subhan ◽  
Haidar Farooqe
Keyword(s):  
Empirical Analysis ◽  
Poverty Alleviation ◽  
Poverty Reduction ◽  
Public Spending ◽  
Seemingly Unrelated Regression ◽  
High Rate ◽  
Strong Impact ◽  
Social Infrastructure ◽  
Asian Economies ◽  
The Impact

This study empirically investigated the mediating role that education plays to channelize Public Spending towards Poverty alleviation in Asian economies. To capture the direct and indirect link between the main explained variable poverty and explanatory variable Public Spending, a relatively new methodology known as Moderated Mediation, has been adopted. For empirical analysis, Seemingly Unrelated Regression technique (SUR) was employed. Results revealed an inverse and significant relationship between Public Spending and Poverty in direct as well as indirect way. The direct impact of public spending on Poverty alleviation programs expressed a strong impact on poverty reduction. The indirect impact that public spending has on poverty through education found inverse and highly significant. The high rate of population growth, unemployment and high inflation cause poverty in sampled Asian economies. Suitable policies need to be adopted in order to cope with poverty in the aforementioned economies.

scholarly journals APPLICATION OF FORENSIC ACCOUNTING TECHNIQUES AS ANTIDOTE FOR CURBING FRAUD IN NIGERIA BUDGET IMPLEMENTATION ADEGBIE

2020 ◽  
Vol 7 (8) ◽  
pp. 17-21
Keyword(s):  
Fiscal Policy ◽  
Federal Government ◽  
Support Service ◽  
P Value ◽  
Strong Impact ◽  
Cross Sectional ◽  
Retrieval Rate ◽  
Forensic Accounting ◽  
The Government ◽  
The Impact

Budgeting is a fiscal policy used by the government to grow and develop the economy to ensure performance, stability and sustainability. Studies have shown that diversion of budgeted allocated funds, misappropriation of funds, fraud and uncompleted capital and developmental projects are major challenges facing budgetary system in Nigeria public sector. Studies further revealed that various strategies used to resolve the problem have not been successful. This study evaluated the impact of the applying forensic accounting techniques in curbing fraud in Nigeria budget implementation. The study employed survey cross-sectional research design. The population consisted of 195 staff of federal government establishments connected with budgetary system and fiscal policy. With the use of total enumeration, 195 copies of the questionnaire were administered with a retrieval rate of 150 copies (77%).The study adopted descriptive and inferential statistics to analyze the data. The findings showed that Investigative and Audit Support Service have strong impact on fraud and misappropriation of budgeted allocation funds β=0.342,F (1,149)=10.587,p-value=.002.The result also showed that Investigative and Audit Support Service has significant impact on uncompleted capital and developmental projects.β=0.745,F(1,149)=249.621,p-value=.003.The study concluded that the application of forensic accounting techniques have positive effect on curbing fraud in budget implementation. The study recommended that the federal government should make a policy to incorporate forensic accounting in Nigeria budgetary system

scholarly journals أثر الإنفاق العام على البطالة في السودان خلال الفترة (1992-2018)

2022 ◽  
Vol 17 (2) ◽  
pp. 129-155
Author(s):  
د مصطفى أحمد قمر الدين عبد الله
Keyword(s):  
Unemployment Rate ◽  
Vocational Training ◽  
Inverse Relationship ◽  
Statistical Significance ◽  
Practical Importance ◽  
Public Spending ◽  
Steady Increase ◽  
Capital Spending ◽  
The Impact ◽  
The Relationship

The study deals with the impact of current and capital public  spending  on unemployment in Sudan during the period (1992-2018), and the importance of the study, from the fact that it deals with topics of great scientific and practical importance, and the aim of the study to know the nature of public spending in the current and capital aspects, the nature of unemployment, in addition to an alysing the relationship between these variables, and the problem of  study was that there is a steady  increase  in Current and capital  public  spending during the study period and therefore the unemployment situation in Sudan did not improve,  as the study used the descriptive and analytical approach, in addition to the standard method to know the relationship between the variables studied, and the study reached many results, the most important of which is: that there is a expulsionrelation ship with statistical significance Between current spending and the unemployment rate, there is also a morally inverse relationship between capital spending and the unemployment rate. The most important recommendations recommended by the study are to increase capital spending and direct this spending in creating and expanding the scope of productive projects, as well as to spend on vocational training centers and develop them and to transfer the experience of the countries that preceded Sudan in this area, which contributes to reducing the unemployment rate

Thailand’s democratic deficit will dampen GDP growth

2018 ◽  
Keyword(s):  
Public Spending ◽  
Gdp Growth ◽  
Democratic Deficit ◽  
National Strategy ◽  
Consumer Spending ◽  
Short Term ◽  
Domestic Activity ◽  
Content Type ◽  
The Government ◽  
The Impact

Subject Outlook for the Thai economy. Significance Thailand's GDP grew by 3.9% last year, the most since 2012, and is expected to remain at around 4.0% this year, with stronger public spending supporting surging tourism and solid consumer spending. Thailand’s National Strategy aims to raise GDP growth to 5-6%, but this ambition faces rising short-term risks and longer-term structural impediments. Impacts Despite rising pressure on the government to hold elections, protests will not grow, limiting the impact on spending and tourism. Automobiles, semiconductors and other electronics -- key Thai exports -- will be hit by deteriorating US-China relations. The Bank of Thailand is one South-east Asian central bank keen to ‘normalise’ rates, but higher rates could dampen domestic activity.

Impact of the Pandemic on the Indian Economy and Wellbeing

2022 ◽  
pp. 133-145
Author(s):  
Chitra Krishnan ◽  
Richa Goel ◽  
Jasmine Mariappan
Keyword(s):  
Migrant Workers ◽  
Social Insurance ◽  
Secondary Data ◽  
Educational Institutions ◽  
Migrant Population ◽  
Indian Economy ◽  
Secondary Sources ◽  
Wellness Education ◽  
The Government ◽  
The Impact

The goal of the study is to look at the impact of COVID-19 on major industries including automobiles, wellness, education, tourism, and many others, as well as migrant workers' status. COVID-19, a sudden epidemic, has had a devastating impact on the Indian economy. The migrant population was also affected by this situation. They were concerned about labor shortages, monthly rationing, and social insurance shortages. In this investigation, secondary data was gathered. The study focuses on the influence of COVID-19 on important industries such as automotive, wellness, education, tourism, and so on, as well as the position of migrant workers. Secondary data was acquired for this inquiry. Blogs, magazines, newspapers, news from foreign agencies, written academic papers, government materials, and websites are examples of secondary sources. Educational institutions, customers, legislators, the government, and the community will all profit from this research.

Mastering the market: Japanese government targeting of the computer industry

1988 ◽  
Vol 42 (3) ◽  
pp. 509-543 ◽  
Author(s):  
Marie Anchordoguy
Keyword(s):  
Industrial Development ◽  
Market Competition ◽  
The State ◽  
Computer Industry ◽  
Labor Costs ◽  
Leading Role ◽  
Market Factors ◽  
The Government ◽  
Role Of The Government ◽  
The Impact

A key topic of inquiry in the ongoing debate over Japan's remarkable postwar growth is the role of the government. Some argue that the state has played a leading role in stimulating and guiding the development of specific industries; others argue that market factors, such as high rates of investment and savings and low labor costs, have been the key impetus. This article focuses on the link between the state and the market, in particular the impact of state policies on market competition. It is primarily concerned with how targeting policies can be structured in ways that spur industrial development; that is, how policies can help firms enter an industry and encourage them to invest heavily to make better products, without sapping their initiative and making them dependent on the government. A case study of Japan's national strategy to develop an economically viable computer industry provides an opportunity to explore the relationship among targeting policies, market competition, and industrial development.

scholarly journals "And ... the dazzle continued inside ...": New Zealand interior and landscape architectures of the 1930s

2021 ◽  
Vol 18 ◽  
pp. 1-34
Author(s):  
Christine McCarthy
Keyword(s):  
New Zealand ◽  
Young Children ◽  
Public Spending ◽  
Town Planning ◽  
Wall Street ◽  
Art Students ◽  
University College ◽  
The Government ◽  
The Impact ◽  
Age Of Entry

The Depression began in the late 1920s, but was not simply triggered by the October 1929 crash in Wall Street. In the two years between 1928-29 and 1930-31, "export income nearly halved. ... The government ... slashed expenditure," including severe cuts to public spending in health and education. As Ann Calhoun notes:[t]he effect of the 1930s Depression on [Schools of Art] students and instructors alike was massive: salaries were reduced, the school admission age was raised, overscale salaries were limited, grants for sewing and science were withdrawn, administration grants were cut back, training colleges in Wellington and Dunedin closed and student allowances decreased, and grants to kindergartens were withdrawn.A proposal for a town-planning course by John Mawson (the Director of Town Planning)) and Cyril Knight (Head of Architecture, Auckland University College) likewise failed due to "lack of numbers and Depression cutbacks." Helen Leach also notes the impact of cuts to education more generally, writing that: "[m]others of young children who expected them to start school at four or five learned in May 1932 that the age of entry would be raised to six."

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