scholarly journals Public Capita and Growth: The Role of Institutions in Development

Author(s):  
Fred EKA

This study analyzes the links between public capital and growth using an econometric model of simultaneous equations, estimated on a panel of forty-three developing countries over the period 2003-2020. This growth model explains the determinants of GDP and public and private capital stocks. The accumulation of public, private and human capital generates externalities that are sources of endogenous growth. However, the formation of public capital generated a crowding out effect, to the detriment of that of private capital, because of differentiated budgetary constraints. Our results show that several developing countries have moved away from an optimal structure for the growth of sharing of available capital between the public and private sectors. In doing so, are institutions a prerequisite for the economic development of African countries.

2013 ◽  
Vol 64 (1) ◽  
pp. 51-72
Author(s):  
Jan-Erik Wesselhöft

Abstract Based on new estimates of public and private capital stocks for 22 OECD countries we study the dynamic effect of public capital on the real gross domestic product using a vector autoregression approach. Whereas most former studies put effort on examining the effects of public capital in a single country, this paper covers a large set of OECD countries. The results show that public capital has a positive effect on output in the short-, medium- and long-run in most countries. In countries where the effect is negative, possible explanations as the different productivities of investments, crowding out or high growth rates of government debt are analyzed.


Author(s):  
Dipanjan Kashyap ◽  
Sanjib Bhuyan

India's agri-food value chains have been evolving over the last few decades to cater to the growing consumer demand for healthy, safe, and nutritious food. These value chains are increasingly getting integrated from production to marketing to cater to such demand. While large and/or commercial farmers have easy access to such modern food value chains, small and marginal farmers in India and other developing countries alike are unable to take advantage of the same. Focusing on improving the agri-food value chains, particularly for perishables, makes a strong case in India given most Indian farmers are small and marginal farmers and are unable to take advantage of economies of scale. It is encouraging that both public and private sector entities are getting engaged in connecting Indian farmers directly to the supply chains of various crops. However, more needs to be done to make the processes, particularly in the public sector, the least bureaucratic and more farmer-focused so that small and marginal farmers in particular, benefit widely.


2016 ◽  
Vol 6 ◽  
pp. 157
Author(s):  
Michael López

The partial results of a project from CYMMIT are presented in this article, whose objective is to determine the effects of the agricultural reforms of the corn seed industries in the developing countries, specially the role of the private and official sectors in the production of varieties and hybrids and the release of improved seeds. The analysis is based mainly on asurvey of the seed industries, conducted during 1993 and 1994. The results of the analysis of the total sale of improved seed in 1993, prices according to type and seed origin and the participation of the public and private sectors in developingimproved seed in the Central American countries and Mexico are shown here. The main result from the analysis is that the official sectors are withdrawing from the production and sale of seed, and aiming their efforts to wards breeding and germplasm development. Likewise, the private sectors are important factors of the seed production and sale. The private sector depends on the official materials for their seed sales, specially the small locally financed enterprises and cooperatives of seed producers, as well as Non-Governmental Organizations (NGO's).


2017 ◽  
Vol 13 (4) ◽  
pp. 104 ◽  
Author(s):  
Moustapha Hamzaoui ◽  
Nezha Bousselhami

This paper examines how the taxation (tax revenue) affects the economic growth in Morocco relying to the endogenous growth model of Barro (1990). After recalculating a new series of public capital and private capital and based on simultaneous equations model, one production function type Cobb Douglas with 3 factors (public capital, private capital and employment) has been estimated with data covering the period 1980-2015. The idea is to measure the effect of taxation on economic growth through its impact on public capital. The results find that the relationship between the two variables is positive. The householders can finance the public capital by taxes. And the public capital improves the economic growth.


2021 ◽  
pp. 135481662110148
Author(s):  
Hassan F Gholipour ◽  
Amirhossein Eslami Andargoli ◽  
Amir Arjomandi ◽  
Behzad Foroughi

This study investigates the relationship between capital investment in telecommunications infrastructure (TELCOM) and tourist arrivals in developing countries. Additionally, it examines whether the public–private sectors relationship moderates the effect of TELCOM on inbound tourism. The model is empirically tested for 46 developing countries for the years 2005–2019. Applying system generalized method of moments and dynamic fixed-effects estimators, the results show there is a positive and significant relationship between TELCOM and tourist arrivals. We also find that a stronger relationship between the public and private sectors magnifies the positive effect of TELCOM on inbound tourism. The moderating effect of quality of regulations on TELCOM-tourism nexus is a novel finding, highlighting the important role of governments in creating and implementing sound policies and regulations that permit and promote private sector development.


Author(s):  
Ramnik Kaur

E-governance is a paradigm shift over the traditional approaches in Public Administration which means rendering of government services and information to the public by using electronic means. In the past decades, service quality and responsiveness of the government towards the citizens were least important but with the approach of E-Government the government activities are now well dealt. This paper withdraws experiences from various studies from different countries and projects facing similar challenges which need to be consigned for the successful implementation of e-governance projects. Developing countries like India face poverty and illiteracy as a major obstacle in any form of development which makes it difficult for its government to provide e-services to its people conveniently and fast. It also suggests few suggestions to cope up with the challenges faced while implementing e-projects in India.


1992 ◽  
Vol 31 (4I) ◽  
pp. 431-447
Author(s):  
Peter A. Cornelisse ◽  
Elma Van De Mortel

The severe shocks that rocked the world economy in the 1970s and the ensuing efforts to adjust and to renew economic growth have had a profound effect on the economic literature. Especially the external and public debt problems which reached critical dimensions in many countries attracted much attention. Thus, in the field of macroeconomics financial issues have gained more prominence over the last two decades. Studies relating to the fiscal deficit have been particularly numerous. The critical size of national public debts, the contribution of the public debt to external debt, the reduced confidence in the state as the guide in socioeconomic development and the role of fiscal policy in adjustment processes are among the main reasons for this increased interest.


Author(s):  
Daniel Maman

The chapter documents patterns of both change and continuity in the structure of big business in Israel in the neoliberal era, and the role of state agencies vis-à-vis big business. Specifically, it discusses how privatization, financial liberalization, and direct and indirect state subsidies have contributed to the dominant position of large enterprises and business groups in the Israeli political economy. While neoliberal policies have served the interests of private capital and business groups, they were actively driven by state agencies seeking to regain autonomy by withdrawing unselective and burdensome state subsidies, and by shrinking and depoliticizing the public sector.


2021 ◽  
pp. 103985622110250
Author(s):  
Jeffrey C L Looi ◽  
Stephen Allison ◽  
Stephen R Kisely ◽  
Tarun Bastiampillai

Objective: To discuss and reflect upon the role of medical practitioners, including psychiatrists, as health advocates on behalf of patients, carers and staff. Conclusions: Health advocacy is a key professional competency of medical practitioners, and is part of the RANZCP framework for training and continuing professional development. Since advocacy is often a team activity, there is much that is gained experientially from volunteering and working with other more experienced health advocates within structurally and financially independent (of health systems and governments) representative groups (RANZCP, AMA, unions). Doctors may begin with clinically proximate advocacy for improved healthcare in health systems, across the public and private sectors. Health advocacy requires skill and courage, but can ultimately influence systemic outcomes, sway policy decisions, and improve resource allocation.


2005 ◽  
Vol 20 (2) ◽  
pp. 183-204 ◽  
Author(s):  
Gary Warnaby ◽  
David Bennison ◽  
Barry J. Davies

The role of town centre management (TCM) schemes in the UK has expanded to incorporate a more overt and explicit focus on marketing and promotion. This paper considers the marketing/promotional activities of TCM schemes in the UK. TCM schemes operate at the interface of the public and private sectors. The implications of this are discussed, including the need for a consensual approach by a wide range of urban stakeholders, and the actual activities undertaken, influenced by the funding imperative under which such schemes operate (which impacts on the feasibility of certain activities and the efforts made to evaluate them). Comparisons are drawn between specific place marketing practice by TCM schemes and wider place marketing strategies.


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