The Role of Complementarity between Government Spending and Labor in Government Spending Multiplier: Evidence from Japan

2015 ◽  
pp. 281-295
Author(s):  
Masataka Eguchi ◽  
Takao Fujii
Keyword(s):  
Government Spending

scholarly journals Standard of living, quality of life and per capita GDP: a South African experience

2013 ◽  
Vol 11 (1) ◽  
pp. 882-889 ◽  
Author(s):  
Raphael Tabani Mpofu
Keyword(s):  
Quality Of Life ◽  
South Africa ◽  
Human Development ◽  
Government Spending ◽  
Government Expenditure ◽  
Standard Of Living ◽  
Role Of Government ◽  
Per Capita

This study looked at the phenomenon of the quality of life (QoL) as measured by the Human Development Index (HDI), which is a composite statistic used to rank countries by the level of “human development”. Measuring and determining what is QoL is not an easy task. In this study, using HDI as the yardstick for QoL, the concepts of standard of living and per capita income were examined closely in relation to the role of government in its public expenditure programmes and how these programmes in turn influenced QoL. This research question was seen as the key to addressing the phenomenon of QoL. In particular, the role of government expenditure on health and education seems to signify the commitment of a government in improving the HDI or QoL. Using data on government expenditure of South Africa for the period 1995 to 2011, the relationships amongst these variables were examined. The findings indicate that there seems to be a significant correlation between HDI and government spending on health and education as a percentage of GDP, but there seems to be of no significance to include the variable government spending on health and education as a percentage of total government spending. The findings tell us that between 1995 and 2011, government spending on education as a percentage of GDP has had a positive impact on HDI. However, government spending on health as a percentage of GDP has had a retarding effect as shown by the negative coefficient of variation. It then implies that for South Africa to realize the MDG goals and improve on the HDI, public spending on health as a percentage of GDP needs to be significantly increased.

“Poor Peasant, Poor Country”?

2020 ◽  
pp. 112-134
Author(s):  
Steven J. Ericson
Keyword(s):  
Foreign Trade ◽  
Government Spending ◽  
Poor Country ◽  
Rural Sector ◽  
Short And Long Term ◽  
Poor Peasant ◽  
Long Term Impact

This chapter discusses the Matsukata deflation and its impact on domestic agriculture and industry and on foreign trade. Regardless of whether scholars hold negative or positive views of the Matsukata reform, they have tended to overstate both the short- and long-term impact of the deflation-induced depression as well as the role of the reform itself in bringing about the “Matsukata deflation” in the first place. If Matsukata had strictly followed an orthodox program of financial stabilization, the depression would likely have been as severe as most accounts claim. But his deviations from orthodoxy—boosting government spending, promoting exports of commodities from the rural sector, and the like—helped to buffer the economy and abridge the downturn. In short, the chapter asserts that one needs to qualify the commonly held view that the Matsukata reform was “a devastating experience for millions of people.”

Policy Directions and Presidential Leadership: Alternative Interpretations of the 1980 Presidential Election

1982 ◽  
Vol 12 (3) ◽  
pp. 299-356 ◽  
Author(s):  
Warren E. Miller ◽  
J. Merrill Shanks
Keyword(s):  
New Deal ◽  
Presidential Election ◽  
Government Spending ◽  
Reagan Administration ◽  
Economic Life ◽  
Free Enterprise ◽  
Role Of Government ◽  
The People ◽  
National Defence

As the Reagan administration neared the end of its first full year in office, interpretations of the meaning of the 1980 presidential election were still as varied as the political positions of analysts and commentators. The politically dominant interpretation, promoted by the new administration and its supporters, was that the election provided a mandate to bring about several fundamental changes in the role of government in American social and economic life. In recommendations whose scope had not been matched since the first days of Franklin Roosevelt's New Deal, the Reagan administration set about responding to what it understood to be popular demands for reduced government spending and taxes, expansion of the national defence establishment, limitation of environmental protection in favour of the development of energy resources, and a myriad of other tasks designed to encourage free enterprise by ‘getting government off the backs of the people’. With varying degrees of enthusiasm for the new administration's programmes, scores of Democratic politicians shared the interpretation of Reagan's victory as a new electoral mandate which rejected many of the fundamental policies of Democratic administrations from Roosevelt to Carter. This interpretation of the ‘meaning’ of the 1980 election was expressed by Democratic congressmen of many political colours who decried the bankruptcy of their own leadership and affirmed the victor's sense of mandate by supporting the President's various legislative programmes.

How Effective Is Resource Stabilization Fund in a Mono-product Economy?

2018 ◽  
Vol 19 (4) ◽  
pp. 842-858 ◽  
Author(s):  
Olusegun Felix Ayadi ◽  
Ladelle M. Hyman ◽  
Johnnie Williams ◽  
Bettye Desselle
Keyword(s):  
Government Spending ◽  
Positive Impact ◽  
Government Expenditure ◽  
Model Framework ◽  
Fiscal Management ◽  
Crude Oil Prices ◽  
Boom And Bust ◽  
Fiscal Balance ◽  
The Government

In managing a mono-product economy, the Nigerian government expenditure patterns follow revenue patterns in cycles of boom and bust in crude oil prices. Thus, fiscal policy becomes procyclical, which is an indicator of poor fiscal management. To arrest this situation, the government established a stabilization fund in 2004. The objective of this article is to provide a better understanding of the role of a stabilization fund in the fiscal management of the Nigerian economy. This is done using an econometric model framework that explains both government spending and fiscal balance as a share of GDP while controlling for a set of economic and demographic variables. The results indicate that the establishment of a stabilization fund has no moderating effect on government spending behaviour. Moreover, the evidence shows that the stabilization fund has a positive impact on fiscal balance during the sample period.

scholarly journals Linkage of Credit on BI Rate, Funds Rate, Inflation and Government Spending on Capital

JEJAK ◽  
2017 ◽  
Vol 10 (1) ◽  
pp. 1-11
Author(s):  
Mangasa Augustinus Sipahutar ◽  
Rina Oktaviani ◽  
Hermanto Siregar ◽  
Bambang Juanda
Keyword(s):  
Government Spending ◽  
Commercial Banks ◽  
Inflation Rate ◽  
Monetary Transmission ◽  
Var Model ◽  
Credit Channel ◽  
Transmission Channel ◽  
Credit Portfolio

Linkage of credit on BI rate, funds rate, inflation, and government spending on capital provides evidence from Indonesia. This paper found advance explanation about banks credit as monetary transmission channel and its role on Indonesian economy. We used credit depth as a ratio of banks credit to GDP nominal, to explain the role of credit in Indonesian economy. We developed a VAR model to measure the response of credit to BI rate, funds rate and inflation rate, and OLS method to find out how banks credit response to government spending on capital. This paper revealed bi-direction causality between credit and BI rate, credit and funds rate, and credit and inflation. There is trade-off between credit and BI rate, credit and funds rate, and credit and inflation, but government spending on capital promotes credit depth. We found that Indonesian banking is bank view, allocated their credit based on their performance, not merely on the monetary policy determined by central bank. For bank view perspectives, we analyzed the link between LDR as an indicator of credit channel mechanism to NPLs and CAR. We found that there is no significant effect of CAR to LDR, but has a strong negatively relationship between NPLs to LDR. This evidence indicates that commercial banks in Indonesia allocated their credit do not related to their capital but merely to the quality of their credit portfolio.

scholarly journals Locational Competition and Agglomeration: The Role of Government Spending

2002 ◽  
Author(s):  
Steven Brakman ◽  
Harry Garretsen ◽  
Charles van Marrewijk
Keyword(s):  
Government Spending ◽  
Role Of Government
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