INFORMAL INSTITUTIONS AND LOCAL PUBLIC INVESTMENTS IN RURAL CHINA

2018 ◽  
Vol 63 (04) ◽  
pp. 899-916
Author(s):  
JIANGLI DOU ◽  
BING YE
Keyword(s):  
Public Goods ◽  
Rural China ◽  
Public Investment ◽  
Informal Institutions ◽  
Local Public Goods ◽  
Religious Groups ◽  
Public Investments ◽  
Negative Effect ◽  
Per Capita ◽  
The Impact

In this paper, we empirically investigate the impact of informal institutions on local public investment in rural China. We find that lineage groups have a significant effect on local public investment (per capita investment in irrigation, schools, roads, etc.): One clan is good for local public goods investment, while two or more clans in a village have a negative effect. The effect is increasing with the coverage of the largest clan. The evidence on religious groups is mixed.

Informal Institutions, Collective Action, and Public Investment in Rural China

2015 ◽  
Vol 109 (2) ◽  
pp. 371-391 ◽  
Author(s):  
YIQING XU ◽  
YANG YAO
Keyword(s):  
Collective Action ◽  
Public Goods ◽  
Local Governance ◽  
Rural China ◽  
Public Investment ◽  
Informal Institutions ◽  
Causal Effects ◽  
Collective Action Problem ◽  
Bureaucratic Institutions ◽  
Local Leaders

Do informal institutions, rules, and norms created and enforced by social groups promote good local governance in environments of weak democratic or bureaucratic institutions? This question is difficult to answer because of challenges in defining and measuring informal institutions and identifying their causal effects. In the article, we investigate the effect of lineage groups, one of the most important vehicles of informal institutions in rural China, on local public goods expenditure. Using a panel dataset of 220 Chinese villages from 1986 to 2005, we find that village leaders from the two largest family clans in a village increased local public investment considerably. This association is stronger when the clans appeared to be more cohesive. We also find that clans helped local leaders overcome the collective action problem of financing public goods, but there is little evidence suggesting that they held local leaders accountable.

scholarly journals The Risk of Long-Term Financing of Public Investments

2019 ◽  
Vol 2 (2) ◽  
pp. 42
Author(s):  
Krzysztof Jarosiński ◽  
Benedykt Opałka
Keyword(s):  
Public Debt ◽  
Negative Impact ◽  
Capital Expenditure ◽  
Public Investment ◽  
Point Of View ◽  
Risk Category ◽  
Investment Projects ◽  
The Public ◽  
Public Investments ◽  
The Impact

The risk of financing of public investments is a phenomenon that accompanies development processes in a permanent manner. Investments in the public sector are generally characterized by relatively long implementation cycles and involve significant capital expenditure and the necessity of often parallel running a large number of investment projects. In the processes of this type of investment a specific risk category of financing of this type of investment is quite often taken into account, given that such projects are financed mainly from budgetary resources: the state budget and self-government budgets. Economic practice indicates an importance of the proper selection of the method of the financing of new investments and taking into account new funds from various sources. This situation is often the result of a shortage of budgetary resources from which public investments could be financed. There may be difficulties in financing investments resulting from the emergence of a risk of budgetary deficit and the public debt. This risk may have a negative impact on investment decisions and may adversely affect the future course of ongoing investment projects. The purpose of the paper is to undertake studies on the conditions of financing investments from the point of view of the possibility of budget deficit and public debt and the impact of changes in the financial situation on the overall level of risk of public investment. The text is an invitation to undertake a broader discussion on financing public investments in conditions of limited public financial resources.

scholarly journals DOES PUBLIC DEBT HAMPER ECONOMIC GROWTH: EVIDENCE FROM EUROPEAN TRANSITIONAL COUNTRIES

2019 ◽  
Vol 34 (5) ◽  
pp. 1223-1228
Author(s):  
Liza Alili Sulejmani ◽  
Armend Ademi
Keyword(s):  
Economic Growth ◽  
Transition Economies ◽  
Public Debt ◽  
Fixed Effects ◽  
Global Financial Crisis ◽  
Fixed Capital Formation ◽  
Negative Effect ◽  
Per Capita ◽  
The Impact ◽  
Positive Effect

Lately, there has been an increased interest among policy makers and scholars regarding the nexus between public debt and economic growth, with emphasizes on its effects on transition economies, particularly after the last global financial crisis. This paper tries to investigate the impact of public debt on economic growth in the European transition economies, for the time spin 2000-2016, by using Pooled OLS, Fixed effects, Random effects and Hausman – Taylor Instrumental variable (IV). In addition, results reveal that public debt although has positive effect on per capita growth still is statistically insignificant, whereas debt square has negative effect on per capita GDP growth. Further, gross savings, final consumption and fixed capital formation have positive effect on per capita growth, while government expenditures do not show significant impact. Moreover, such results highlight important implications for fiscal policymakers in these countries in order to foster the economic growth in the context of public debt level.

scholarly journals Regional Public Stock Reductions in Spain: Estimations from a Multiregional Spatial Vector Autorregressive Model

REGION ◽  
2017 ◽  
Vol 4 (1) ◽  
pp. 129 ◽  
Author(s):  
Miguel A Márquez ◽  
Julian Ramajo ◽  
Geoffrey Hewings
Keyword(s):  
Economic Growth ◽  
Temporal Dynamics ◽  
Public Investment ◽  
Public Capital ◽  
Regional Economic Growth ◽  
State Variables ◽  
Regional System ◽  
Negative Effect ◽  
Spatio Temporal ◽  
The Impact

The estimation of the impact of public investment on regional economic growth requires consideration of the spatio-temporal dynamics among the state variables of each region.  Recent austerity policies in Spain that feature temporary decreases in the accumulation of regional public capital should thus be evaluated in terms of their impact on the economy as a whole, on specific regions together with the spillovers effects from one region to the rest of the regional system.  Applying a multiregional integrated specification to model interdependencies across regions, our results indicate that, while global decreases in public investment have a homogenously negative effect on the output of all the regions, the Spanish regions portray heterogeneous responses from localized public capital stock reductions over the simulation period considered.

scholarly journals Public Policy Public Goods and the Impact of the pandemic crisis with special respect to the case of Greece

2021 ◽  
Author(s):  
EMMANOUIL MAVROZACHARAKIS
Keyword(s):  
Welfare State ◽  
Public Goods ◽  
Public Investment ◽  
Active Role ◽  
The State ◽  
Political Polarization ◽  
Right Wing ◽  
Role Of The State ◽  
Special Respect ◽  
The Impact

People expect the state to provide them with a social security net. Whatever its defects, whatever the virtues of the private sector, no structure other than the state can today provide citizens with the basic public goods. Under right-wing governments, a very active role of the state is not expected. Also, is nor expected the introduction of a serious program of public investment and demand-boosting to stimulate the national economy and enter into a virtuous circle of recovery. Today many countries like Greece, which passed the economic crisis with drastic cuts in its traditionally deficient welfare state and its chronic underinvestment in public goods in key areas such as health, have to respond directly to the pandemic crisis. This fact leads in the short term to a revival of the debate on strengthening state powers and especially in strengthening public health systems. Political polarization is expected in the period after the end of the pandemic crisis focusing on welfare state issues. This, most likely, will leave plenty of space for social democratic and Keynesian approaches. In several countries like Greece, the right-wing governance will come under pressure leading even to rifts in its hegemony.

scholarly journals Dampak Kebijakan Tarif dan Non-tarif Negara-Negara Importir atas Ekspor Tuna Olahan Indonesia

2021 ◽  
Vol 26 (3) ◽  
pp. 468-478
Author(s):  
Maharani Tristi ◽  
Harianto Harianto ◽  
Amzul Rifin
Keyword(s):  
Exchange Rates ◽  
Export Performance ◽  
Gdp Per Capita ◽  
Cross Sectional ◽  
Export Prices ◽  
Economic Distance ◽  
Negative Effect ◽  
Per Capita ◽  
Actual Exchange ◽  
The Impact

This study aims to analyze the impact of the tariff and non-tariff policies implementation of the importing countries on the export performance of Indonesian processed tuna. A cross-sectional gravity model analysis was conducted to find out the impact of these policies on exports. The variables used include GDP per capita of the importing countries, population, economic distance, export prices, actual exchange rates, tariff policies, and non-tariff policies in the form of sanitary and phytosanitary (SPS) and technical barriers to trade (TBT). The estimation shows that the variables of GDP per capita of the importing countries, population, exchange rates, export prices, and SPS give a positive and significant effect on the trade of Indonesian processed tuna commodities. On the other hand, economic distance and TBT policy give a negative and significant impact on the volume of this particular commodity. Meanwhile, the tariff policy implementation also give a negative effect on the export volume, but it is not significant.   Keywords: cross sectional gravity, export performance, non-tariffs, tariffs

DETERMINANTS OF TOURISM DEMAND IN INDONESIA: A PANEL DATA ANALYSIS

2020 ◽  
Author(s):  
Muryani Muryani ◽  
Mia Fauzia Permatasari ◽  
Miguel Angel Esquivias Padilla
Keyword(s):  
Global Financial Crisis ◽  
Panel Data Analysis ◽  
Real Income ◽  
Relative Price ◽  
Tourism Demand ◽  
Substantial Impact ◽  
Negative Effect ◽  
Per Capita ◽  
The Impact ◽  
Positive Effect

By 2014 Indonesia registered 11.6 million inbound foreign tourists, 135% higher than the year 2000. Since then, government policies to promote tourism flourished. This paper investigates the determinants of inbound tourism from the top nine mayor tourist origin countries into Indonesia covering the period of 2000 to 2014. This research employs a dynamic panel dataset to estimate the impact of per capita real income, relative prices, accommodation capacity, distance and public infrastructure investment on international tourism demand in Indonesia, capturing demand and supply-side effects. The results show that per capita income of tourist, relative price, and available rooms have a positive effect on tourism expenditure in Indonesia, while distance has a negative effect. Dummy variables capture large negative shocks in tourism arising from two terrorist attacks in 2002 and 2005, as well as from the global financial crisis in 2008. Income plays a positive but low impact on tourism demand compared to other nations. The positive effect of prices suggests an advantage of Indonesia in competitive tourism prices. Nevertheless, low prices also denote low value in tourism services. The substantial impact of accommodation may indicate that significant effects of tourism are allocated in lodging, minimizing the impact on other sectors.

Public vs. Private Ownership of Firms: Evidence from Rural China

2017 ◽  
Author(s):  
Yingyi Qian
Keyword(s):  
Public Goods ◽  
Rural China ◽  
Local Communities ◽  
Local Public Goods ◽  
Private Enterprises ◽  
Public Goods Provision ◽  
Public Firms ◽  
Rural Income ◽  
Rural Enterprises ◽  
Nonfarm Employment

Why are many of China’s successful rural enterprises publically owned by local communities? Using a set of provincial data, we find that the share of community public firms (Township-Village Enterprises, or TVEs) relative to private enterprises is higher where the central government’s influence is greater, the community government’s power is stronger, and the level of market development is lower. We also find that TVEs help achieve the community government’s goals of increasing government revenue, rural nonfarm employment, and rural income. However, TVEs do not increase rural income given the levels of non-farm employment and/or local public goods provision, indicating possible inefficiency as compared to private enterprises.

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