scholarly journals Role of Governance and Public Trust on Government Debt-Economic Growth Nexus (A Global Empirical Analysis)

2021 ◽  
Vol 1 (3) ◽  
pp. 113-132
Author(s):  
Andar Ristabet Hesda ◽  
Efi Yuliani
Keyword(s):  
Economic Growth ◽  
Public Trust ◽  
Debt Ratio ◽  
Public Governance ◽  
Potential Implication ◽  
Trust Level ◽  
High Government ◽  
The Government ◽  
Debt Policy

High government debts in several countries have the potential to trigger or exacerbate economic instability. These concerns are consistent with the results of this study, where countries that have a high debt ratio tend to have declining economic growth. To provide more understanding about this effect, this study tries to examine the effect of debt on economic growth by utilising the governance and public trust level as a contextual variable and mediator. Empirically, both variables have a prominent role in the debt and economic growth nexus. The debt threshold as a budgetary rule is necessary but might not be sufficient to validate the rationality of rising debt. The capability of government in providing public governance and the effect of additional debt on public trust is another crucial aspect that needs to be seriously scrutinised, or when the addition of debt becomes inevitable (such as in pandemic situation), the government should strengthen governance capability to ensure the productivity of debt and mitigate the decreased public trust. This finding implies that the debt policy should not only be based on budgetary rule but also the capacity of governance and the potential implication of the falling public trust.

scholarly journals Strengthening the role of public governance approaches to ensure sustainable economic growth

Upravlenets ◽  
2021 ◽  
Vol 11 (6) ◽  
pp. 15-27
Author(s):  
Mikhail Ershov ◽  
Anna Tanasova ◽  
Elena Sokolova
Keyword(s):  
Economic Growth ◽  
Structural Changes ◽  
State Regulation ◽  
Public Governance ◽  
Existing Problems ◽  
Role Of The State ◽  
The Government ◽  
Sustainable Economic Growth

The COVID-19 pandemic has formed a fundamentally new environment in both the global and Russian economies. The scale of problems that countries have to deal with significantly enhances the role of the state in the functioning of the economy and requires active government intervention to stabilize the situation and overcome the crisis. The article analyzes the role of state regulation and monetary authorities in the crisis environment in Russian and global economies. Methodologically, the study relies on the theory of institutionalism, Keynesian and neo-Keynesian economics, monetarism and industrialization. Qualitative methods of analysis, as well as retrospective and system-based methods and cross-country comparisons are applied in the research. The authors emphasize that the quality of these interventions is becoming increasingly important. In the Russian Federation, the economic situation is aggravated by the pre-existing problems, such as low business activity. We analyze the measures to support the Russian economy that are aimed, among other things, at the formation of long-term structural changes. Despite the fact that the introduction of the government approaches to counteract the crisis in 2020 will help to mitigate the current acute situation, they will not be able to lay solid foundations for further sustainable economic growth, since system-based mechanisms are still not provided for forming long-term affordable financial resources that are necessary for investment. The paper develops concrete approaches for providing the economy with long-term money, which embrace the formation of the resources on an internal basis amid the interaction of the Central Bank and the Ministry of Finance. We stress the powerful role of mechanisms for government departments’ coordination.

scholarly journals Unleashing The Growth Potential Of Indian MSME Sector

2017 ◽  
Vol 20 (2) ◽  
pp. 35-52 ◽  
Author(s):  
Sumanjeet Singh ◽  
Minakshi Paliwal
Keyword(s):  
Economic Growth ◽  
Economic Structure ◽  
Total Export ◽  
Growth Potential ◽  
High Tech ◽  
Policy Measures ◽  
The Government ◽  
Future Growth ◽  
Innovation And Entrepreneurship

The MSME sector occupies a position of strategic significance in the Indian economic structure. This sector contributes nearly eight per cent to country’s GDP, employing over 80 million people in nearly 36 million widely-dispersed enterprises across the country; accounting for 45 per cent of manufactured output, 40 per cent of the country’s total export, and producing more than 8000 valueadded products ranging from traditional to high-tech. Furthermore, these enterprises are the nurseries for innovation and entrepreneurship, which will be key to the future growth of India. It is also an acknowledged fact that this sector can help realise the target of the proposed National Manufacturing Policy to enhance the share of manufacturing in GDP to 25 per cent and to create 100 million jobs by the end of 2022, as well as to foster growth and take India from its present two trillion dollar economy to a 20 trillion dollar economy. Despite the sector’s high enthusiasm and inherent capabilities to grow, its growth story still faces a number of challenges. In this light, the present paper examines the role of Indian MSMEs in India’s economic growth and explores various problems faced by the sector. The paper also attempts to discuss various policy measures undertaken by the Government to strengthen Indian MSMEs. Finally, the paper proposes strategies aimed at strengthening the sector to enable it to unleash its growth potential and help make India a 20 trillion dollar economy.

scholarly journals RECONSTRUCTION OF THE ROLE OF THE GOVERNMENT OF THE DISTRICT OF KOTA IN HANDLING OF PROVINCIAL ROAD LAYING PROGRESSIVE LEGAL

2017 ◽  
Vol 4 (3) ◽  
pp. 344
Author(s):  
Edy Praptono
Keyword(s):  
Economic Growth ◽  
Regional Development ◽  
City Government ◽  
Transportation Infrastructure ◽  
Transport Infrastructure ◽  
The Government ◽  
Transportation Development ◽  
Role Of The Government

The success of development in a country, strongly influenced by the role of transportation. Development of transportation is very important to support and drive the dynamics of development, because its function as a catalyst in supporting economic growth and regional development. The current condition of Indonesia's transport infrastructure has greatly declined. Damage occurs, especially in provincial roads, so it is necessary to develop transportation infrastructure by the district/city government.

scholarly journals Potensi Pemanfaatan Kearifan Lokal untuk Menahan Konversi Lahan Sawah ke Nonsawah

2020 ◽  
Vol 37 (1) ◽  
pp. 59
Author(s):  
Kartika Sari Septanti ◽  
NFN Saptana
Keyword(s):  
Economic Growth ◽  
Resource Management ◽  
Natural Resource Management ◽  
Natural Resource ◽  
Land Resource ◽  
Education Curriculum ◽  
Community Based ◽  
Resource Management System ◽  
The Government

<p>Lowland conversion to non-agriculture use improves along with economic growth. Various attempts have been exerted by the government to reduce lowland conversion. Local wisdoms throughout the regions in the country are potential to control lowland conversion. This paper aims to explore the role of local wisdoms in Indonesia and other countries in controlling lowland conversion. Some local wisdoms in Indonesia potentials for lowland conversion control are : tunggu tubang, mundang biniak, oloran sawah, Suku Samin, Buyut Cili, tradisi Ngarot, Kasepuhan Sinar Resmi, Suku Baduy, Subak, Suku Dayak, and pangale hutan. Some measures to take for empowering those local wisdoms, are: (i) incorporating local wisdoms into school education curriculum; (ii) developing a community-based natural resource management system, namely increasing participation of local people in land resource management.</p><p> </p><p>Abstrak</p><p>Konversi lahan sawah ke nonsawah marak terjadi seiring pesatnya pertumbuhan ekonomi. Berbagai upaya telah dilakukan pemerintah untuk menekan laju konversi lahan sawah ke nonsawah, namun belum menunjukkan hasil yang optimal. Indonesia memiliki kekayaan kearifan lokal yang tersebar di seluruh nusantara yang berpotensi menghambat tingginya laju konversi lahan sawah ke nonsawah. Tulisan ini membahas kearifan lokal di Indonesia serta di beberapa negara yang telah dan akan dikembangkan untuk mempertahankan lahan sawah. Beberapa contoh kearifan lokal di Indonesia antara lain: tunggu tubang, mundang biniak, oloran sawah, Suku Samin, Buyut Cili, tradisi Ngarot, Kasepuhan Sinar Resmi, Suku Baduy, Subak, Suku Dayak, dan pangale hutan. Tantangan kearifan lokal pada masa depan semakin berat karena adanya pertumbuhan jumlah penduduk, pertumbuhan ekonomi, serta perubahan sosial masyarakat yang mendesak lunturnya nilai-nilai kearifan lokal. Beberapa strategi untuk mempertahankan kearifan lokal dapat dilakukan dengan cara: (1) memasukkan ke dalam kurikulum pendidikan;  (2) mengembangkan sistem pengelolaan sumber daya alam berbasis komunitas, yaitu peningkatan partisipasi masyarakat lokal dalam pengelolaan sumber daya lahan.</p>

The mediation role of public governance in the relationship between entrepreneurship and economic growth

2019 ◽  
Vol 16 (3) ◽  
pp. 316-333
Author(s):  
Allam Mohammed Hamdan ◽  
Reem Khamis ◽  
Ammar Abdulla Al Hawaj ◽  
Elisabetta Barone
Keyword(s):  
Economic Growth ◽  
United Arab Emirates ◽  
Entrepreneurial Activity ◽  
Public Governance ◽  
Content Type ◽  
National Economic ◽  
Oil Revenues ◽  
The Impact ◽  
The Relationship

Purpose The purpose of this paper is to investigate the mediation role of public governance in the relationship between entrepreneurship and economic growth in the United Arab Emirates (UAE). Design/methodology/approach To achieve this aim, the study uses a 20-year time series analysis (1996–2015) and tests the effect of entrepreneurship on economic growth, through public governance, via a mediator model. Findings The study has determined that public governance buoys the positive effect that entrepreneurship activities exert on economic growth in the UAE. Based on this determination, the study posits a set of recommendations that focus on supporting entrepreneurship activities that play a significant role in economic growth. Originality/value The study adds to the literature on the impact of entrepreneurship on economies dependent on oil revenues vis-à-vis a public policy perspective. The study provides insights into the type of entrepreneurship that most efficaciously suits the Emirati social and cultural milieu in terms of fostering national economic growth. In addition, the study limns a vision of the role of public governance in creating an enabling environment that stimulates entrepreneurial activity and, in turn, increases economic growth in the Emirates.

scholarly journals The Influence of Economic Growth on the Degree of Autonomy of the Regions and the Absorption of Labor and Social Welfare: Regencies and Cities of Maluku Province

2016 ◽  
Vol 8 (2) ◽  
pp. 234
Author(s):  
Nahu Daud
Keyword(s):  
Economic Growth ◽  
Social Welfare ◽  
Path Analysis ◽  
Significant Influence ◽  
Positive Impact ◽  
Well Being ◽  
County Government ◽  
The Government ◽  
The City

<p>This research aims (1) to analyze and test the influence of economic growth on the degree of autonomy the area in County Government and city of Maluku Province, (2) Analyze and test the influence of economic growth on the absorption of labor on County Government and city of Maluku province (3) Analyze and test the influence of economic growth on the welfare of society at the County Government and the city of Maluku province (4) Analyze and test the influence of degree of autonomous region of absorption of labor on County Government and city of Maluku province, (5) Analyze and test the influence of the degree of autonomy the area of social welfare in the Government District and the city of Maluku province (6) Analyze and test the influence of absorption of labor against the welfare of the community on County Government and City Maluku province. The approach used is the analysis of Path Analysis, intended to answer a relationship direct or indirect causal model has been developed on the basis of theoretical consideration of researchers and certain knowledge. In addition to the causal relationship is based on the data, also based on knowledge, the formulation of hypotheses and logical analysis, so that it can be called path analysis can be used to test a set of causal hypotheses as well as to interpret these relationships.</p><p>The results showed (1) economic growth positively and significantly influence the degree of autonomy of the region. These results lend support to the hypothesis of one stating that economic growth was a significant influence on the degree of autonomy of the region. (2) The influential economic growth positively and significantly to labor absorption. These results lend support to the hypothesis of two stating that the influential economic growth dramatically to labor absorption. (3) Economic growth positively and significantly influences the well-being of the community. These results provide support for the three hypotheses which state that the economic growth affects significantly to the well-being of society. (4) The degree of autonomy the positive and significant effect of absorption of labor. (5) The degree of autonomy to the region in a positive and significant effect on the welfare of society. (6) The positive impact of labor absorption and significantly to the well-being of society. (7) The results of the discussion to confirm that economic growth affectsconsiderably to the well-being of the community through the degree of autonomy of the regions and the absorption of labor. Significant influence occurs because the existence of a direct relationship with the role of the community.</p>

scholarly journals Pelaksanaan Pertanggungjawaban Sosial Perbankan terhadap Koperasi dalam Hal Sertifikasi Kekayaan Intelektual Sebagai Jaminan Kredit Perbankan

Wajah Hukum ◽  
2020 ◽  
Vol 4 (1) ◽  
pp. 160
Author(s):  
Wibi Anska Putri
Keyword(s):  
Economic Growth ◽  
Legal Protection ◽  
Bank Loans ◽  
Legal Certainty ◽  
The Social ◽  
Banking Institutions ◽  
The Government ◽  
Credit Agreement ◽  
Linkage Program

HKI is a work declared by creative economic actors as an effort to encourage Indonesia's economic growth. In addition to being a form of legal protection, the existence of one type of HKI namely the brand can be used as a concept as collateral. In fact, there is no legal force to implement this because there are no regulations governing it, causing legal uncertainty for the parties involved, especially regarding the policy of banking institutions in providing credit to cooperatives or UMKM that have been certified. The results of this paper show that the application of collective brand certificates to be used as collateral for bank loans does not yet have legal certainty, and the efforts that can be made by the government are to harmonize regulations, provide counseling on the importance of the existence of HKI, and monitor the balance between applicable rules and reality. which took place in the field. The role of cooperatives or UMKM is to maintain good performance when banking institutions have provided access to capital in the form of credit by implementing the Linkage Program Executing pattern based on the principle of consensus or trust and applying risk management principles in each credit agreement. The social responsibility of banking institutions in this case is to provide easing of collateral and is not commercial in nature.

scholarly journals COVID-19 OUTBREAK AND ROLE OF TOURISM DEVELOPMENT ON ECONOMIC GROWTH IN PAKISTAN

2021 ◽  
Vol 19 ◽  
Author(s):  
Normah Abdul Latip ◽  
Rehmat Karim ◽  
Azizan Marzuki ◽  
Faqeer Muhammad ◽  
Attaullah Shah ◽  
...  
Keyword(s):  
Economic Growth ◽  
Regression Analysis ◽  
Unit Root ◽  
Unit Root Test ◽  
Tourism Development ◽  
Significant Decline ◽  
Least Square ◽  
The Government ◽  
Static Nature

The current research aimed to find out the effect of tourism development on economic growth in Pakistan for the period (1995 to 2017) by using Canonical Regression Analysis (CCR) and Dynamic Least Square (DOLS) method. In addition, a unit root test is used to find out the static nature of the variables, and for the robust check, the authors utilize the Fully Modified Least Square (FMOLS) method. The results of the CCR and DOLS shows the key role of tourism development on growth, and FMOLS confirms these findings. In addition, the contribution of financial development is insignificant and positive. However, inflation harms economic growth, which depicts that the government of Pakistan will face severe challenges to achieve the targeted level of growth in future. In addition, an outbreak of Coronavirus Disease (Covid-19) is another challenge that will cause a significant decline in tourism receipts.

scholarly journals ANALISIS PENGARUH DANA ALOKASI UMUM (DAU) DAN PENDAPATAN ASLI DAERAH (PAD), TERHADAP PERTUMBUHAN EKONOMI DI KABUPATEN DELI SERDANG DENGAN BELANJA DAERAH SEBAGAI VARIABEL INTERVENING

2019 ◽  
Vol 5 (2) ◽  
pp. 247-260
Author(s):  
Rahmat Daim Harahap ◽  
Muhammad Ikhsan Harahap ◽  
Meilya Evita Syari
Keyword(s):  
Economic Growth ◽  
Regression Analysis ◽  
Linear Regression ◽  
Quantitative Research ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Regional Income ◽  
The Government ◽  
And Control

The government hold significant role in the implementation of fiscal economy policy to achieve the main goal of development: high economic growth, decrease of unemployment, and control of inflation, income and expenditure that can be used in increasing economic growth. Regional incomes are locally-generated revenue, General Allocation Fund. Meanwhile, cost is regional expenditures. Thus, this study is aimed to determine the influence of the General Allocation Fund and Regional income on economic growth with the role of Regional Expenditure as an intervening variable. The study was located on Deli Serdang Regency. This is a quantitative research with multiple linear regression analysis by using SPSS. The result shows that General Allocation Fund and Regional income influence the economic growth, meanwhile regional expenditures mediates between General Allocation Fund and Regional income on economic growth.

scholarly journals Trust in government in times of economic crisis

2016 ◽  
pp. 111-126
Author(s):  
Robert Sobiech
Keyword(s):  
Public Administration ◽  
Economic Crisis ◽  
Public Trust ◽  
Trust In Government ◽  
Social Scientists ◽  
The Public ◽  
Public Evaluation ◽  
Public Debates ◽  
The Government

The aim of the paper is to provide an overview of the existing studies concerning the phenomenon of public trust in government. Low trust in government has been frequently defined as a key problem influencing the policy process in many countries. The economic crises reinforced the importance of trust and triggered public debates on the necessary reforms of the public sector. The paper examines the key theories and research conducted by social scientists with a particular emphasis on the role of trust in risk societies. The review of the existing literature concentrates on the drivers of trust, showing the importance of two interlinked logics: the logic of consequences (the performance approach) and the logic of appropriateness (the process approach). The first one explains trust as a result of outputs and outcomes of government policies and services. The logic of appropriateness claims that trust is built on values and identity and depends on the adoption by governments the rules of integrity, openness, responsiveness and transparency. Trust in government is also deeply rooted in a broader system of rules, norms andvalues known as the trust culture. The last part of the paper is an attempt to trace an impact of an economic crisis on public trust. Studies of public opinion do not fully confirm the opinions on low trust and a decline in trust in government and trust in public administration in times of crisis. Some studies reveal considerable fluctuations of public trust in selected countries. In other countries, the public evaluation of government and public administration is high and there are only slight modifications in citizens’ perception of the government.

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