Does too much government investment retard economic development of a country?

1998 ◽  
Vol 25 (4) ◽  
pp. 296-308 ◽  
Author(s):  
Abdullah Yavas
Keyword(s):  
Economic Development ◽  
Government Investment

China's cyber strategy will have global impact

2016 ◽  
Keyword(s):  
Economic Development ◽  
Skilled Workers ◽  
Government Investment ◽  
Content Type ◽  
Global Impact ◽  
Growth Pole ◽  
Political Implications ◽  
Future Economic Development

Subject China's national cyber strategy. Significance China has published a national cyber strategy. Beijing has designated ICT as a driver of future economic development, and is becoming increasingly effective and innovative in its approach to the sector. Impacts R&D and education will benefit from greater government investment. Greater openness to immigration of skilled workers could have significant social and political implications in the long term. If the announced efforts succeed, China is likely to become a growth pole for computing businesses.

Urbanization, Agglomeration, and Economic Development in South Africa

2021 ◽  
pp. 645-670
Author(s):  
Ivan Turok
Keyword(s):  
South Africa ◽  
Economic Development ◽  
South African ◽  
Urban Infrastructure ◽  
City Size ◽  
Transport Systems ◽  
Urban Structure ◽  
Government Investment ◽  
Triangular Relationship ◽  
South African Cities

This chapter reviews the arguments and evidence for the existence of a positive relationship between urbanization and economic development in South Africa. It identifies the main tenets of agglomeration theory, which stresses the importance of city size, density, and connectivity. These ideas are applied to fundamental features of urban development, namely the triangular relationship between the location of firms, households, and transport systems. The urban premium is strengthened by government investment in urban infrastructure and supportive institutions. Contemporary South African cities are scarred by the disjointed urban structure they inherited, which undermines productivity and inclusion. Government policies towards housing, land, and transport have done little to improve the morphology of cities and harness urbanization for widely shared prosperity.

scholarly journals Does Polycentric Development Improve Green Utilization Efficiency of Urban Land? An Empirical Study Based on Panel Threshold Model Approach

Land ◽  
2022 ◽  
Vol 11 (1) ◽  
pp. 124
Author(s):  
Siqi Yan ◽  
Jian Wang
Keyword(s):  
Economic Development ◽  
Threshold Model ◽  
Urban Land ◽  
Utilization Efficiency ◽  
Government Investment ◽  
Nonlinear Characteristics ◽  
Development Levels ◽  
Using Data ◽  
The Relationship ◽  
Model Approach

In the context of increasing resource and environmental constraints, measurement and determinants of green utilization efficiency of urban land (GUEUL) is currently the subject of a rapidly expanding literature. Previous research concerning determinants of GUEUL focuses primarily on effects of socio-economic conditions on GUEUL, and little attention has been devoted to impacts of spatial structure and urban development patterns. This research explores impacts of polycentric development on GUEUL of urban agglomeration (UA), using data for major UAs in China covering the period 2005–2019. GUEUL and the extent of polycentricity is measured by employing an improved directional slack-based measure (SBM) model and the rank-size distribution-based approach, respectively. The linkage between polycentric development and GUEUL is explored by estimating models of determinants of GUEUL, and the nonlinear characteristics of the relationship are investigated by employing the panel threshold model approach. The results suggest that polycentric development positively impacts GUEUL of UAs, and such effect rises with economic development levels. In addition, degree of agglomeration, economic development level and intensity of government investment in science and technology is found to be positively related to GUEUL. The empirical results have significant implications for improving GUEUL through formulating and implementing regional and urban policies.

Homestead reduction, economic agglomeration and rural economic development: evidence from Shanghai, China

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Hongmei Liu ◽  
Guoxiang Li ◽  
Keqiang Wang
Keyword(s):  
Economic Development ◽  
Cumulative Effect ◽  
Mediating Effect ◽  
Government Investment ◽  
Rural Residents ◽  
Construction Land ◽  
Content Type ◽  
Rural Economic Development ◽  
Economic Agglomeration ◽  
The Impact

PurposeThe contradiction of construction land in economically developed regions is becoming more prominent, and the scale of construction land in some large cities is close to the ceiling. Therefore, China implemented the policy of construction land reduction in 2014. The main objective is to optimize the stock of homesteads and then help to realize rural revitalization by transferring land indexes across regions. Shanghai took the lead in implementing the reduction policy in 2014, for which reduction acceptance data are available. Thus, this paper evaluates the impact of homestead reduction on rural economic development based on data from towns in Shanghai.Design/methodology/approachThis paper uses the difference-in-difference (DID) model to analyze the policy effects of homestead reduction on rural residents' income and industrial integration development. Using economic agglomeration (EA) as a mediating variable, the authors explore how homestead reduction (HR) promotes EA to drive rural economic development and analyze the impact of geographic location and government investment.FindingsHR significantly promotes rural economic development and shows a significant cumulative effect. In the long run, HR can improve rural residents' income and promote industrial integration by promoting EA. The positive effect of HR and EA in suburban regions on industrial integration development is gradually increasing. However, the incentive effect on rural residents' income is weakening. The positive mediating effect of EA is significantly higher in regions with low government investment than in regions with high government investment.Originality/valueThis paper contributes to testing the impact of HR policy on rural economic development and can provide a reference for other regions aiming to implement reduction policy.

Government Policy and Economic Development in Germany and Japan: A Skeptical Reevaluation

1981 ◽  
Vol 41 (1) ◽  
pp. 139-150 ◽  
Author(s):  
Frank B. Tipton
Keyword(s):  
Nineteenth Century ◽  
Economic Development ◽  
Institutional Change ◽  
Government Policy ◽  
Central Government ◽  
Government Control ◽  
Government Investment ◽  
Beneficial Impact ◽  
Direct Government ◽  
Question Development

Recent studies, when taken together, suggest that the bureaucratic elites of nineteenth-century Germany and Japan were much less successful in stimulating economic development than has been traditionally asserted. Direct government investment was neither extensive nor successful. Government-sponsored institutional change, notably in financial structures, had little if any beneficial impact. Development in both nations resulted from the gradual emergence of a commercial culture, and on world factors exogenous to government policy. The bureaucratic elites failed to adjust to changed circumstances, instead leading both nations into disastrous wars. These results call into question development strategies based on central government control.

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