scholarly journals Public Debt, Economic Growth, and Public Sector Management in Developing Countries: Is There a Link?

2015 ◽  
Vol 35 (5) ◽  
pp. 329-346 ◽  
Author(s):  
Kelbesa Megersa ◽  
Danny Cassimon
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Public Sector ◽  
Public Debt ◽  
Public Sector Management

GROWTH MAXIMIZING FISCAL RULE TARGETS IN INDIA

2020 ◽  
pp. 1-19
Author(s):  
KRISHANU PRADHAN
Keyword(s):  
Economic Growth ◽  
Public Sector ◽  
Public Debt ◽  
Unit Root ◽  
Golden Rule ◽  
Cointegration Analysis ◽  
Unit Root Tests ◽  
Output Elasticity ◽  
Fiscal Rule ◽  
Current Value

The objective of this paper is to obtain the growth optimizing public debt to GDP ratio ([Formula: see text]*), based on estimated output elasticity ([Formula: see text]) of public sector capital under the golden rule of budgetary deficit. After conducting unit root tests and cointegration analysis, value of [Formula: see text] which is estimated under OLS, CLS and FMOLS, hovers around 0.281–0.29. Hence, the computed value of [Formula: see text]* stands around 65–67% of GDP; modestly lower than the current value (73% in 2016). Since large revenue deficit has been persisting, effective value of [Formula: see text]* would be even lower. Fiscal tightening, especially reducing revenue deficit and offloading the persistently loss making PSUs would be important for macroeconomic stability and accelerating economic growth.

Total Public Debt and Economic Growth in Developing Countries

2010 ◽  
Author(s):  
Andrea Filippo Presbitero
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Public Debt

Corruption, public debt and economic growth – evidence from developing countries

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Carole Ibrahim
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Public Debt ◽  
Economic Effects ◽  
Empirical Literature ◽  
Long Term Effects ◽  
Empirical Examination ◽  
Content Type ◽  
The Impact

Purpose The purpose of this paper is to empirically examine the effect of corruption on public debt and economic growth in 20 developing countries over the period 1996-2018. Design/methodology/approach This study makes use of the autoregressive distributed lag (ARDL) model to detect the long-term relationships, on the one hand, between corruption and public debt and, on the other hand, between corruption and economic growth. Findings The empirical results reveal that corruption increases the debt-to-GDP ratio and that the interactions between corruption and public revenues and between corruption and public spending have a positive influence on public debt in the long run. The estimations also show that high corruption hampers long-term economic growth and increases the negative effect of public debt on economic growth in developing countries. Originality/value While corruption is a prevalent phenomenon in most developing countries, the literature still lacks empirical examination of its economic effects. This study fills this gap with the aim of highlighting that high corruption hinders development in developing nations. This study also examines the impact of the interactions between corruption and components of the fiscal balance on public debt. Moreover, while the existing empirical literature uses regression techniques, this paper uses a panel ARDL approach to detect the long-term effects of corruption.

Digital Divide and the ICT Paradigm Generally and in Estonia

2005 ◽  
pp. 182-187
Author(s):  
Tarmo Kalvet
Keyword(s):  
Quality Of Life ◽  
Economic Growth ◽  
Developing Countries ◽  
Public Sector ◽  
New Technologies ◽  
Third Wave ◽  
The Public ◽  
The Third ◽  
Made In

A multitude of writings have appeared since the 1970s describing how societies have undergone “information revolutions” (Bell, 1973; Castells, 1998; Masuda, 1981), “the third wave” (Toffler, 1980), etc. Indeed, ICT development has been explosive in both developed and developing countries since the 1990s. This, in turn, has given some countries an opportunity for bigger economic growth; attempts have been made in a majority of countries to rearrange the organization of the public sector, and individuals have experienced a rise in the quality of life due to the introduction of new technologies.

scholarly journals Public Sector Debt Definitions and Reporting in Low-Income Developing Countries

Policy Papers ◽  
2020 ◽  
Vol 20 (005) ◽  
Author(s):  
◽  
Keyword(s):  
Developing Countries ◽  
Public Sector ◽  
Low Income ◽  
Public Debt ◽  
Public Domain ◽  
The Public

Increasing public debt vulnerabilities in low-income developing countries (LIDCs) have heightened the need for fuller and more transparent accounting of public sector debt (PSD). The framework for reporting on public sector debt is sound. But there is room for LIDCs to further improve their compilation, reporting, and dissemination of public sector debt data in international databases and more broadly the public domain.

Brazilian External Debt: A Study in Capital Flows and Transfer of Resources

1978 ◽  
Vol 20 (3) ◽  
pp. 341-351 ◽  
Author(s):  
Ramesh C. Garg
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Capital Flows ◽  
Public Debt ◽  
External Debt ◽  
Oil Prices ◽  
Standard Of Living ◽  
Public Discussion ◽  
Minimum Rate ◽  
Slowing Down

In recent years the problem of the external indebtedness of non-oil-exporting countries has gained significant weight in public discussion. With the quadrupling of oil prices since the end of 1973, a rapid increase in the borrowing of LDCs has occurred. The standard of living in these countries is extremely low to begin with; any further room for downward adjustment to offset higher cost of oil imports through a slowing down of economy is simply an unacceptable possibility. Moreover, any further economic restraint on the already slower pace of development would be politically unpopular for the leaders in developing countries. Consequently, many LDCs have resorted to increasing external borrowings to pay for the oil bill, as well as to maintain a minimum rate of economic growth. The total external public debt of these countries is now estimated at around $200 billion (U.S. Senate, 1977: 51). This paper examines the debt servicing experience of Brazil. Lately, Brazil has been the center of attention because it owes some $25-$30 billion to foreign creditors. Its debt servicing burden for 1977 would be approximately $5.3 billion, or 40% of an estimated $12 billion in export earnings.

scholarly journals Public Sector Management Reform in Developing Countries: Perspectives Beyond NPM Orthodoxy

2015 ◽  
Vol 35 (4) ◽  
pp. 222-237 ◽  
Author(s):  
Derick W. Brinkerhoff ◽  
Jennifer M. Brinkerhoff
Keyword(s):  
Developing Countries ◽  
Public Sector ◽  
Management Reform ◽  
Public Sector Management

scholarly journals Public Debt and Economic Growth: A Scissor Effect in Developing Countries? The Case of Gabon

2018 ◽  
Vol 09 (10) ◽  
pp. 1672-1686 ◽  
Author(s):  
Médard Mengue Bidzo
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Public Debt
Sign in / Sign up

Export Citation Format

Share Document