Dynamic Laffer curves, population growth and public debt overhangs

2016 ◽  
Vol 41 ◽  
pp. 40-52 ◽  
Author(s):  
Yoichi Tsuchiya
Keyword(s):  
Population Growth ◽  
Public Debt ◽  
Laffer Curves

scholarly journals Building a Model of Government Spending Using Autoregressive Distributed Lag (ARDL) Analysis from 2001 to 2019: A Case Study of Jordan

2021 ◽  
Vol 16 (2) ◽  
pp. 30
Author(s):  
Ateyah Mohammad Alawneh
Keyword(s):  
Growth Rate ◽  
Population Growth ◽  
Public Debt ◽  
Government Spending ◽  
Population Growth Rate ◽  
Inflation Rate ◽  
Negative Relationship ◽  
Short Term ◽  
Independent Variables ◽  
The Government

The study aims to build a model of government spending in Jordan using ARDL analysis through the use of an E-views program by determining the relationships between government spending and variables, such as the gross domestic product (GDP), government revenues, economic openness (OP), inflation rate, unemployment, population growth rate, and public debt. The statistical analysis showed a significant positive relationship between government spending and (GDP) and government revenues. It revealed significant positive relationships between government spending and) OP (and inflation. It found the statistically significant negative effect of the unemployment rate and the population growth rate on government spending. A negative relationship was found between government spending lag (1) and current government spending. Public debt was found to have a positive but not statistically significant effect on government spending. The relationships between the dependent variable and independent variables of government spending were consistent with unrestricted ARDL analysis in the long term. The analysis showed a statistically significant positive relationship between government spending and GDP at a short-term level but a statistically significant negative relationship between government spending and independent variables, such as population growth rate, inflation rate, and unemployment rate at a short-term level. One of the most important recommendations of the study was working to increase government spending in a way that is compatible with the increasing population growth. The study recommends government intervention to bring in more revenue through income-generating economic activities. Contribution / Originality: This will be one of the few studies to build a model of government spending using Autonomous Distributed Regression (ARDL). The study also provides a scientific addition in the field of financial and economic sciences from a scientific point of view through the use of different statistical methods using ARDL analysis on the long and short levels to assist the government in preparing the state's general budget. The study also helps the government to develop in the field of public finances and prepare an unconventional general budget.

Financial Systems and economic Development in the Russian Regions: A Comparative Analysis

2015 ◽  
pp. 94-108 ◽  
Author(s):  
K. Krinichansky
Keyword(s):  
Economic Development ◽  
Comparative Analysis ◽  
Financial Development ◽  
Public Debt ◽  
Fixed Capital ◽  
Russian Regions ◽  
Growth Mechanisms ◽  
Financial Systems ◽  
Debt Market ◽  
Regions Of Russia

The paper identifies and assesses the closeness of the connection between incremental indicators of the financial development in the regions of Russia with the incremental regional GDP and the investment in fixed capital. It is shown that the positioning of the region as an independent participant of public debt market matters: the regional GDP and investment in fixed capital grow more rapidly in the regions which are regularly borrowing on the sub-federal bonds market. The paper also demonstrates that the poorly developed financial system in some regions have caused the imperfection of the growth mechanisms since the economy is not able to use the financial system’s functions.

Is money the creation of the state or the market? (On the “modern monetary theory” as described in the textbook by W. Mitchell, L. R. Wray and M. Watts “Macroeconomics”)

2020 ◽  
pp. 121-134
Author(s):  
S. A. Andryushin
Keyword(s):  
Public Debt ◽  
Scientific Community ◽  
Full Employment ◽  
Term Effect ◽  
Scientific Concept ◽  
Monetary Theory ◽  
Left Wing ◽  
Medium Term ◽  
Short Term ◽  
Stimulation Of

In 2019, a textbook “Macroeconomics” was published in London, on the pages of which the authors presented a new monetary doctrine — Modern Monetary Theory, MMT, — an unorthodox concept based on the postulates of Post-Keynesianism, New Institutionalism, and the theory of Marxism. The attitude to this scientific concept in the scientific community is ambiguous. A smaller part of scientists actively support this doctrine, which is directly related to state monetary and fiscal stimulation of full employment, public debt servicing and economic growth. Others, the majority of economists, on the contrary, strongly criticize MMT, arguing that the new theory hides simple left-wing populism, designed for a temporary and short-term effect. This article considers the origins and the main provisions of MMT, its discussions with the mainstream, criticism of the basic tenets of MMT, and also assesses possible prospects for the development of MMT in the medium term.

Secular stagnation in the modern world

2018 ◽  
pp. 125-141 ◽  
Author(s):  
S. M. Drobyshevsky ◽  
P. V. Trunin ◽  
A. V. Bozhechkova
Keyword(s):  
Public Debt ◽  
Capital Accumulation ◽  
Technological Development ◽  
Japanese Economy ◽  
Modern World ◽  
Key Factors ◽  
Destruction Process ◽  
Secular Stagnation ◽  
The Impact

The paper studies the factors of secular stagnation. Key factors of long-term slowdown in economic growth include the slowdown of technological development, aging population, human capital accumulation limits, high public debt, creative destruction process violation etc. The authors analyze key theoretical aspects of long-term stagnation and study the impact of these factors on Japanies economy. The authors conclude that most of the factors have significant influence on the Japanese economy for recent decades, but they cannot explain all dynamics. For Russia, on the contrary, we do not see any grounds for considering the decline in the economy since 2013 as an episode of secular stagnation.

Sign in / Sign up

Export Citation Format

Share Document