The Effect of Government Size on Economic Growth and Technical Change

2021 ◽  
pp. 45-62
Author(s):  
Cuong Tat Do ◽  
Anh Ngoc Thi Ngo ◽  
Dinh Van Nguyen
Keyword(s):  
Economic Growth ◽  
Technical Change ◽  
Government Size

Impacts of Environmental Regulation on Sustainable Economic Growth

2018 ◽  
Vol 9 (9) ◽  
pp. 749-773
Author(s):  
Jonathan Fisher
Keyword(s):  
Economic Growth ◽  
Environmental Regulation ◽  
Technical Change ◽  
Best Practice ◽  
Environmental Regulations ◽  
The European Union ◽  
Porter Hypothesis ◽  
The United Kingdom ◽  
Environment Agency ◽  
Sustainable Economic Growth

There is considerable concern and debate about the economic impacts of environmental regulations. Jonathan Fisher, former Economics Manager at the Environment Agency in England and Wales, reviews the available evidence on this subject. Section 2 presents estimates of the costs and benefits of environmental regulations. Section 3 examines the impacts of environmental regulations on economic growth, innovation and technical change as well as impacts on competitiveness and any movement of businesses to less pollution havens. He questions call for greater certainty regarding future environmental regulations, whereas in fact there should be calls for less uncertainty. This section then suggests how this could be achieved. This section then finishes with an overview of the available evidence. This includes an examination of the Porter Hypothesis that environmental regulations can trigger greater innovation that may partially or more than fully offset the compliance costs. Section 4 then sets out principles for how better environmental regulation can improve its impacts on sustainable economic growth and illustrates how the European Union (EU) Water Framework Directive is a good example of the application of these principles in practice. Section 5 reviews current and recent political perspectives regarding developments in environmental regulations across the EU and shows how the United Kingdom (UK) has successfully positively managed to influence such developments so that EU environmental regulations now incorporate many of these principles to improve their impacts on economic growth. Section 5.1 then examines the implications of Brexit for UK environmental regulations. Finally, Section 6 sets out some best practice principles to improve the impacts of environmental regulation on sustainable economic growth, innovation and technical change.

Government size and efficiency as constraints to economic growth: comparing Croatia with other European countries

2014 ◽  
Vol 26 (3) ◽  
pp. 297-323 ◽  
Author(s):  
Marijana Bađun ◽  
Vedrana Pribičević ◽  
Milan Deskar-Škrbić
Keyword(s):  
Economic Growth ◽  
European Countries ◽  
Government Size

scholarly journals Government Size and Economic Growth in Vietnam: A Panel Analysis

2014 ◽  
Vol 222 ◽  
pp. 17-39
Author(s):  
THÀNH SỬ ĐÌNH
Keyword(s):  
Economic Growth ◽  
Generalized Method Of Moments ◽  
Government Expenditure ◽  
Provincial Government ◽  
Government Size ◽  
Government Revenue ◽  
Long Run ◽  
Short Run ◽  
Per Capita ◽  
A Share

The effect of government relative size on economic growth is a contentious issue. This paper is undertaken to test the relationship between government size and economic growth in Vietnam. The study is a panel data investigation, involving 60 provinces over the period 1997–2012. Various measures of government size are defined: provincial government expenditure as a share of gross provincial product (GPP), provincial government revenue as a share of GPP, real provincial government expenditure per capita, and real provincial government revenue per capita. Empirical estimates are employed by conducting Difference Generalized Method of Moments method proposed by Arellano and Bond (1991) and Pooled Mean-Group method by Pesaran, et al. (1999). These tests reveal: (i) provincial government expenditure (revenue) as a share of GPP has a significantly negative effect on economic growth; and (ii) the real government expenditure (revenue) per capita has a significantly positive effect on economic growth. It is also found that the long-run and short-run coefficients of government expenditure size are significant and negative, that the correction mechanism from the short run disequilibrium to the long run equilibrium is not convergent, and that government employment has a negative correlation with economic growth.

scholarly journals Government Size and Economic Growth: A Review of International Literature

SAGE Open ◽  
2019 ◽  
Vol 9 (3) ◽  
pp. 215824401987720 ◽  
Author(s):  
Sheilla Nyasha ◽  
Nicholas M. Odhiambo
Keyword(s):  
Economic Growth ◽  
Causal Relationship ◽  
Granger Causality ◽  
Empirical Support ◽  
Time Frame ◽  
Government Size ◽  
International Literature ◽  
Data Set ◽  
Clear Cut ◽  
Study Methodology

In this article, we survey the existing literature on the causal relationship between government size and economic growth, highlighting the theoretical and empirical evidence from topical work. To our knowledge, this study may well be the first study of its kind to survey, in detail, the existing literature on the causal relationship between government size and economic growth—in all the countries, whether developing or developed. By and large, our study shows that direction of causality between these two variables has four possible outcomes, and that all the outcomes have found empirical support, based on variations in the country or region under study, methodology, proxies, data set used, and time frame considered. However, of the four, the most prominent is the second view, which validates unidirectional Granger-causality from economic growth to government size, followed by the bidirectional Granger-causality category. The study, therefore, concludes that the causal relationship between government size and economic growth is far from being clear-cut.

Government size, composition of public spending and economic growth in Brazil

2020 ◽  
Vol 91 ◽  
pp. 155-166
Author(s):  
Jose Angelo Divino ◽  
Daniel T.G.N. Maciel ◽  
Wilfredo Sosa
Keyword(s):  
Economic Growth ◽  
Public Spending ◽  
Size Composition ◽  
Government Size
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