scholarly journals Fiscal Policy and Economic Recovery: The Case of the 1936 Veterans' Bonus

2016 ◽  
Vol 106 (4) ◽  
pp. 1100-1143 ◽  
Author(s):  
Joshua K. Hausman
Keyword(s):  
Fiscal Policy ◽  
Capita Income ◽  
Household Consumption ◽  
Conventional Wisdom ◽  
Economic Recovery ◽  
Per Capita Income ◽  
Multiple Sources ◽  
Point Estimates ◽  
Per Capita ◽  
Consumption Survey

Conventional wisdom has it that in the 1930s fiscal policy did not work because it was not tried. This paper shows that fiscal policy was tried in 1936. The veterans' bonus of 1936 paid 2 percent of GDP to 3.2 million veterans; the typical veteran received a payment equal to per capita income. Multiple sources, including a household consumption survey, show that veterans spent the majority of their bonus. Point estimates of the MPC are between 0.6 and 0.75. Spending was concentrated on cars and housing in particular. (JEL E21, E32, E62, N32, N42)

scholarly journals Impact of Global Food Price Escalation on Poverty in South Asian Countries

2016 ◽  
Vol 55 (4I-II) ◽  
pp. 543-559
Author(s):  
Muhammad Abdullah ◽  
Rukhsana Kalim
Keyword(s):  
South Asian ◽  
Capita Income ◽  
Oil Prices ◽  
Household Consumption ◽  
Food Price ◽  
Asian Countries ◽  
Per Capita Income ◽  
Per Capita ◽  
Price Escalation ◽  
Global Food

The objective of this paper is to examine the impact of global food price escalation on poverty in South Asian countries since 1990 to 2011. Panel data procedure has been applied for empirical analysis. Panel unit root tests have been utilised before the application of panel co-integration. Poverty is measured through revealed behaviour approach which is considered better than other approaches, as it is based on the actual consumption made by the households. The present study uses actual average household consumption to measure poverty. Empirical results reveal that global food price escalation and per capita income positively and significantly affect average household consumption, which is the clear indication of poverty decline. International oil prices and interest rate significantly but negatively affect the average household consumption in South Asian countries. Findings of this study will be helpful for formulating effective public policies for poverty reduction in the era of trade liberalisation. JEL Classification: E31, F410, I32 Keywords: Food Price Escalation, Poverty, Oil Prices, Per Capita Income, South Asia

scholarly journals Pengaruh Pendapatan Perkapita, Suku Bunga, Populasi dan Zakat Terhadap Tingkat Konsumsi Rumah Tangga di Indonesia

2021 ◽  
Vol 4 (1) ◽  
Author(s):  
Zarkasi Zarkasi ◽  
Lidya Hidayah
Keyword(s):  
Interest Rates ◽  
Capita Income ◽  
Household Consumption ◽  
Observation Time ◽  
Per Capita Income ◽  
Exogenous Variables ◽  
Important Concern ◽  
Endogenous Variables ◽  
Per Capita ◽  
The Interest Rate

The phenomenon of consumption levels in Indonesia is an important concern today. This is suspected or proven by non-economic economic factors. In this study, the factors that become exogenous variables in the observation include per capita income, interest rates, population and zakat distribution. This analysis uses descriptive and associative methods to fully describe each variable and also the relationship between exogenous variables and endogenous variables in the form of consumption levels. The data used is in the form of a data panel with data crosses six times with observation time from 2013 to 2018. The results of this study indicate that partially per capita income, population and zakat have a positive and significant effect on the level of household consumption in Indonesia. Meanwhile, the interest rate has a negative and significant effect on the Household Consumption Level in Indonesia.

The Problem of Agricultural Taxation in West Pakistan and an Alternative Solution: A Comment (Notes & Comments)

1973 ◽  
Vol 12 (4) ◽  
pp. 433-437
Author(s):  
Sarfaraz Khan Qureshi
Keyword(s):  
Capita Income ◽  
Agricultural Sector ◽  
Central Government ◽  
Policy Implications ◽  
Farm Size ◽  
Per Capita Income ◽  
Tax Rate ◽  
Water Rate ◽  
Per Capita ◽  
The Government

In the Summer 1973 issue of the Pakistan Development Review, Mr. Mohammad Ghaffar Chaudhry [1] has dealt with two very important issues relating to the intersectoral tax equity and the intrasectoral tax equity within the agricultural sector in Pakistan. Using a simple criterion for vertical tax equity that implies that the tax rate rises with per capita income such that the ratio of revenue to income rises at the same percentage rate as per capita income, Mr. Chaudhry found that the agricultural sector is overtaxed in Pakistan. Mr. Chaudhry further found that the land tax is a regressive levy with respect to the farm size. Both findings, if valid, have important policy implications. In this note we argue that the validity of the findings on intersectoral tax equity depends on the treatment of water rate as tax rather than the price of a service provided by the Government and on the shifting assumptions regard¬ing the indirect taxes on imports and domestic production levied by the Central Government. The relevance of the findings on the intrasectoral tax burden would have been more obvious if the tax liability was related to income from land per capita.

A Successful Population Policy: Potentials and Constraints (Distinguishedl Lecture)

1993 ◽  
Vol 32 (4I) ◽  
pp. 411-431
Author(s):  
Hans-Rimbert Hemmer
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Population Growth ◽  
Capita Income ◽  
Population Policy ◽  
Mortality Rates ◽  
Per Capita Income ◽  
Access To Health Services ◽  
Industrial Countries ◽  
Per Capita

The current rapid population growth in many developing countries is the result of an historical process in the course of which mortality rates have fallen significantly but birthrates have remained constant or fallen only slightly. Whereas, in industrial countries, the drop in mortality rates, triggered by improvements in nutrition and progress in medicine and hygiene, was a reaction to economic development, which ensured that despite the concomitant growth in population no economic difficulties arose (the gross national product (GNP) grew faster than the population so that per capita income (PCI) continued to rise), the drop in mortality rates to be observed in developing countries over the last 60 years has been the result of exogenous influences: to a large degree the developing countries have imported the advances made in industrial countries in the fields of medicine and hygiene. Thus, the drop in mortality rates has not been the product of economic development; rather, it has occurred in isolation from it, thereby leading to a rise in population unaccompanied by economic growth. Growth in GNP has not kept pace with population growth: as a result, per capita income in many developing countries has stagnated or fallen. Mortality rates in developing countries are still higher than those in industrial countries, but the gap is closing appreciably. Ultimately, this gap is not due to differences in medical or hygienic know-how but to economic bottlenecks (e.g. malnutrition, access to health services)

Income-Based Poverty among Non-Farm Households in Rural Punjab

2020 ◽  
pp. 204-210
Keyword(s):  
World Bank ◽  
Capita Income ◽  
Poverty Line ◽  
Farm Households ◽  
Farm Household ◽  
Expert Group ◽  
Per Capita Income ◽  
Service Category ◽  
Self Employment ◽  
Per Capita

This paper focuses upon the magnitude of income-based poverty among non-farm households in rural Punjab. Based on the primary survey, a sample of 440 rural non-farm households were taken from 44 sampled villages located in all 22 districts of Punjab.The poverty was estimated on the basis of income level. For measuring poverty, various methods/criteria (Expert Group Criteria, World Bank Method and State Per Capita Income Criterion) were used. On the basis of Expert Group Income criterion, overall, less than one-third of the persons of rural non-farm household categories are observed to be poor. On the basis, 40 percent State Per Capita Income Criteria, around three-fourth of the persons of all rural non-farm household categories are falling underneath poverty line. Similarly, the occurrence of the poverty, on the basis of 50 percent State Per Capita Income Criteria, showed that nearly four-fifths of the persons are considered to be poor. As per World Bank’s $ 1.90 per day, overall, less than one-fifth of rural non-farm household persons are poor. Slightly, less than one-fourth of the persons are belonging to self-employment category, while, slightly, less than one-tenth falling in-service category. On the basis of $ 3.10 per day criteria, overall, less than two-fifth persons of all rural non-farm household categories were living below the poverty line.

scholarly journals European Regional Inequalities: The Other Face of Development

2017 ◽  
Vol 9 (4) ◽  
pp. 163
Author(s):  
Celeste Perrucchini ◽  
Hiroshi Ito
Keyword(s):  
European Union ◽  
Empirical Evidence ◽  
Capita Income ◽  
Relevant Literature ◽  
Point Of View ◽  
The European Union ◽  
Per Capita Income ◽  
Member States ◽  
Eu Member States ◽  
Per Capita

Empirical evidence suggests an overall convergence in terms of GDP and per capita income occurring among the European Union (EU) Member States. Nevertheless, economic inequalities have been increasing at the regional level within European Union countries. Through the review of relevant literature, this study analyzes the increasing inequalities from an economical point of view, focusing on Italy and the UK as examples. First, a general overlook of the empirical evidence of the GDP and per capita income at national and sub-national levels will be presented. Second, an explanation of the possible causes of the results will be proposed through the use of economical and sociological theories. The findings of this research might uncover the relative inefficacy of EU Cohesion policies and point towards the necessity for deeper and more thoughtful measures to continue the convergence of Member States while preserving internal equilibria. This paper ends with discussions for the future directions of the EU.

scholarly journals Decentralization and Its Impact on Growth in India

2021 ◽  
Vol 16 (1) ◽  
pp. 130-151
Author(s):  
Fernanda Andrade de Xavier ◽  
Aparna P. Lolayekar ◽  
Pranab Mukhopadhyay
Keyword(s):  
Economic Growth ◽  
Capita Income ◽  
Fixed Effects ◽  
Capital Expenditure ◽  
Per Capita Income ◽  
Reverse Causality ◽  
Social Expenditure ◽  
Causality Test ◽  
Per Capita ◽  
National Growth

We study the effect of revenue decentralization (RD) and expenditure decentralization (ED) on sub-national growth in India from 1981–1982 to 2015–2016 for 14 large (non-special-category) states. Our study provides evidence that both RD and ED play a defining role in India’s sub-national growth in this three-and-a-half-decade period. We use a panel data model with fixed effects (FE) and Driscoll and Kraay standard errors that control for heteroscedasticity, autocorrelation and cross-sectional dependence. To test for causality between growth and decentralization, we use the Granger non-causality test. The regression analysis is supplemented with the distribution dynamics approach. We find that: (a) While decentralization Granger-caused economic growth, the reverse causality effect of growth on decentralization was not significant; (b) Economic growth increased significantly after liberalization; (c) Decentralization, capital expenditure and social expenditure had significant positive impacts on economic growth; and (d) States that had high levels of decentralization also had high levels of per capita income, while states that had low decentralization also exhibited low per capita income.

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