The Role of Government Expenditure in the Economic Development in Guyana (1960 – 1970)

1972 ◽  
Vol 16 (2) ◽  
pp. 166-174
Author(s):  
Kempe R. Hope
Keyword(s):  
Economic Development ◽  
Government Expenditure ◽  
Role Of Government

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.

Toward a dynamic capability theory of economic growth

2019 ◽  
Vol 29 (4) ◽  
pp. 1047-1065 ◽  
Author(s):  
David Sainsbury
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Value Added ◽  
The United States ◽  
Dynamic Capability ◽  
Alexander Hamilton ◽  
Role Of Government ◽  
Windows Of Opportunity ◽  
The Uk

Abstract New theories of economic growth that are policy-relevant and connect with the histories of success and failure in economic development are urgently needed. This article compares the neoclassical (or market efficiency) school of thought with the production-capability school of thought which included Alexander Hamilton, Friedrich List, and Joseph Schumpeter. Many affirmative, industrial policy steps by governments to promote economic development have been historically recorded—including in the UK and the United States. Meanwhile the neoclassical school has ignored the role of government in helping to create competitive advantage. It has also chosen to ignore how firms are formed, how technologies are acquired, and how industries emerge. The dynamic capability theory of economic growth developed here assigns the central role in economic growth to firms but also an important role to governments. The rate at which a country’s economy grows depends critically on whether its firms can build the capabilities to generate and take advantage of “windows of opportunity” that exist for innovation and new markets, and whether over time they are able to enhance their capabilities to move into higher value-added activities.1

Government and Development: Managerial Attitudes in Latin America

1965 ◽  
Vol 7 (2) ◽  
pp. 201-225 ◽  
Author(s):  
Albert Lauterbach
Keyword(s):  
Economic Development ◽  
Latin America ◽  
Latin American ◽  
Role Of Government ◽  
Trade Associations ◽  
Private Initiative ◽  
Extensive Information

This paper is concerned with the attitudes of Latin American enterprise managers toward the role of government, as compared with that of private initiative and investment, in the economic development of the nation. Most of its data was obtained in the course of a broader investigation of managerial attitudes toward economic development, which was carried out in ten countries during the years 1959 to 1963. In addition to interviews, extensive information was obtained from informal conversations with businessmen, attendance at meetings of managerial groups, and the study of materials prepared by trade associations or individual companies.

STATE LEGISLATORS AND ECONOMIC DEVELOPMENT: UNIVERSITY-INDUSTRY RELATIONSHIPS AND THE ROLE OF GOVERNMENT IN BIOTECHNOLOGY

1990 ◽  
Vol 9 (3) ◽  
pp. 455-470 ◽  
Author(s):  
Mack C. Shelley ◽  
William F. Woodman ◽  
Brian J. Reichel ◽  
William J. Kinney
Keyword(s):  
Economic Development ◽  
State Legislators ◽  
Role Of Government ◽  
University Industry

The Potential Role of Government in Development Process of a Cluster Policy

2013 ◽  
pp. 114-132
Author(s):  
Hadi Tolga Göksidan ◽  
Ioannis N. Katsikis ◽  
Erkan Erdil
Keyword(s):  
Economic Development ◽  
Joint Action ◽  
Development Process ◽  
Theoretical Framework ◽  
Positive Outcomes ◽  
Cluster Policy ◽  
Role Of Government ◽  
Governmental Intervention ◽  
Insight Into

Recent evidence strongly suggests that firms’ joint action may be insufficient for the creation of clusters in order to face the new competitive pressures of globalization. To cope with these pressures, the authors argue that governments can play an important role in the process of creating the development of clusters. Based on a theoretical framework, they examine the way in which governmental intervention and public policies to foster cluster creation may provide positive outcomes. Here, the authors study the different approaches developed in cluster theories and provide an insight into the set of governmental and policy roles that may facilitate the formulation of local clusters. Finally, they propose a re-conceptualization of clusters theory that will potentially increase its value as a comprehensive tool for regional economic development.

Rural Development in Chongqing

Modern China ◽  
2011 ◽  
Vol 37 (6) ◽  
pp. 623-645 ◽  
Author(s):  
Gao Yuan
Keyword(s):  
Economic Development ◽  
Social Science ◽  
Rural Areas ◽  
Income Growth ◽  
Role Of Government ◽  
Agricultural Industry ◽  
Policy Level ◽  
The Government ◽  
Industry Planning

The “every peasant household’s income to grow by 10,000 yuan” project in Chongqing’s “two wings” region is an important movement implemented by the Chongqing government to spur development in the rural areas of Chongqing’s poorest region. The project has two key components at the policy level. The first is to promote agricultural “industry-ization” 产业化 and to construct corresponding chains of production, processing, and sales in the two wings, thus forming the basis of growth in peasants’ income. The second is the emphasis on people’s livelihood, which is based on the ambition of accomplishing “balanced income growth” or “income growth for every household.” The project includes both “drawing in business and investment” 招商引资 and “industry planning” 产业规划 as well as “cadres to go into peasant households and support them directly” 入户帮扶. Some of the practices of Chongqing cadres in supporting peasants show that the government can improve the microeconomic environment for peasant households and enhance the vitality of their small farms. This article first analyzes the policies and practices of agricultural industry-ization in the income growth project and the efforts of the Chongqing government to achieve “income growth for every household.” The theoretical implications of the project, including the role of government in economic development and the vitality of small farming in China, are then discussed through dialogue with social science theories.

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