Public Investment in Infrastructure and Optimal Economic Growth

1971 ◽  
pp. 167-184 ◽  
Author(s):  
Emmanuel Drandakis ◽  
Elias Mighas
Keyword(s):  
Economic Growth ◽  
Public Investment ◽  
Optimal Economic Growth

Public Financing of Human Development in India: A Review

2021 ◽  
Vol 15 (1) ◽  
pp. 62-81
Author(s):  
Sacchidananda Mukherjee ◽  
Shivani Badola
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Human Development ◽  
Public Investment ◽  
Public Financing ◽  
Economic Activities ◽  
Economic Opportunities ◽  
Goods And Services ◽  
Public Transfers ◽  
Distribution Of Resources

Role of public financing of human development (HD) is inevitable, especially for developing countries like India where access to resources and economic opportunities are not equitably distributed among people. Governments aim to achieve equity in distribution of resources through allocative and redistributive policies whereas macroeconomic stabilisation policies aim to achieve higher economic growth and stability in the price level. Expenditure policies of the governments envisage in delivering larger public goods and services to enable people to take part in economic activities by investing in human capital and infrastructure developments. Progressivity of the tax system helps in achieving equity by redistribution of resources among people. Being merit goods, expenditures on education, health, and poverty eradication make it a case for public investment which empowers people to improve human capital. The benefit of universal economic participation is expected to contribute in larger mobilisation of public resources over time. Lack of economic opportunities and earning a respectable income may increase dependence on public transfers which may reduce fiscal space of the governments to finance programmes to promote overall economic growth. The objective of this article is to review existing studies on public financing of HD in India and highlight emerging challenges.

Essays on the Theory of Optimal Economic Growth.

1968 ◽  
Vol 78 (311) ◽  
pp. 672 ◽  
Author(s):  
A. B. Atkinson ◽  
K. Shell
Keyword(s):  
Economic Growth ◽  
Optimal Economic Growth

scholarly journals Public Investment in Education and Training in Vietnam

2018 ◽  
Vol 11 (7) ◽  
pp. 106
Author(s):  
Phung Van Hien
Keyword(s):  
Economic Growth ◽  
Empirical Analysis ◽  
Public Investment ◽  
Education And Training ◽  
Public Budget ◽  
Investment Structure ◽  
National Productivity ◽  
Intellectual Level ◽  
And Training

Public investment in education and training occupies an important proportion in Vietnam public budget, approximately 20%, equivalent to 5% GDP. Public investment in education and training has many positive benefits and impact on the economy and society by contributing to economic growth, by improving the national productivity, people’s qualification and intellectual level well as reducing unemployment, poverty in a country. On the basis of an empirical analysis in Vietnam, this paper propose several relevant recommendation for Vietnam government to improve the performance of public investment in education and training by making contribution to ensure suitable investment structure as well as uphold important role of education and training to the development of the economy and society.

scholarly journals Corruption, Investment and Economic Growth in WAEMU Countries

2019 ◽  
Vol 11 (4) ◽  
pp. 30
Author(s):  
Ndiaye Cheikh Tidiane
Keyword(s):  
Economic Growth ◽  
Empirical Study ◽  
Monetary Union ◽  
Negative Impact ◽  
Public Investment ◽  
Specific Effect ◽  
Economic And Monetary Union ◽  
Panel Var ◽  
Auto Regressive ◽  
Auto Regressive Model

The purpose of this paper is to study the relationships between corruption, public investment and economic growth in WAEMU (West Africa Economic and Monetary Union) countries during the period 2001-2014. This, by using a panel VAR (Vector Auto Regressive) model. The results stemming from this empirical study stipulate a significant link between corruption and investment, economic growth and investment, corruption and economic growth. These results also show that corruption reduces the ratio of public investment and has a negative impact on economic growth among WAEMU countries. It has more of a specific effect on investment and affects negatively through this mean countries of the area.

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