Cross-country analysis of public expenditures structure and efficiency

2018 ◽  
pp. 5-27
Author(s):  
N. V. Akindinova ◽  
A. V. Chernyavsky ◽  
A. A. Chepel
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
The Other ◽  
Measuring Instruments ◽  
Public Expenditures ◽  
Development Level ◽  
Time Period ◽  
Country Analysis ◽  
Effectiveness And Efficiency ◽  
The Comparative Study

The article is devoted to the problems of relationship between public expenditures and economic growth and methodical and practical problems of estimating expenditures efficiency. The authors note that productive expenditures (expenditures on human capital, social and economic infrastructure, research and development) have strong influence on economic growth. The comparative study of the effectiveness and efficiency of public expenditures was conducted, including productive expenditures (education and healthcare), for Russia and the sample of countries close to Russia by their economic development level. The indicators of the effectiveness and efficiency, econometric models, DEA method, and effectiveness and efficiency rankings based on them are used as measuring instruments in the study. According to the approach applied in the study, the rankings show relatively poor results for Russia in macroeconomic function performance of the public sector, in comparison to the other countries of the sample, but it is worth noting that the aggregated estimates are influenced by the selection of time period. Russia shows high results in education public expenditures efficiency and relatively poor results in healthcare public expenditures efficiency. Also, the productive expenditures level is low in Russia compared to the other countries close to Russia by their economic development level and OECD countries. This can limit economic growth in the mid-term and long-term prospects.

scholarly journals SMART GROWTH PROGRESS IN EUROPEAN UNION: A COHESION APPROACH

2019 ◽  
Vol 133 (2) ◽  
pp. 41-49
Author(s):  
Viktor Kozlovskij
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Tertiary Education ◽  
Smart Growth ◽  
Developed Countries ◽  
Member States ◽  
Eu Countries ◽  
Development Level ◽  
Growth Indicators ◽  
The Eu

Economic development and socioeconomic cohesion have always been an object of scientific research. In particular, this issue had become a focus of attention after EU enlargement in 2004 and Great Recession in 2007–2009. The above changes have given way to a certain slowdown in economic growth in most EU countries along with triggering a range of divergence processes between EU countries and regions. As a response to situation, the EU offered a Europe 2020 strategy, in which smart growth was mentioned as one of critical instruments to deal with increasing menaces. The objective of the study is to evaluate the progress of the main smart growth indicators (investment in research and development (R&D), employment rate and share of population obtaining tertiary education) in the EU over the period 2001–2017 within the framework of the economic cohesion concept. The paper seeks to explore the EU from different perspectives. First, the EU new member states (EU-10) and the old ones (EU-14) were compared. Second, the EU countries were divided by economic development level (calculated by GDP per capita in PPP): highly developed (H-7), medium developed (M-7) and less developed (L-7) countries. Finally, aggregate cohesion indices of all three smart growth indicators were calculated for the entire EU (EU-28). The research findings have revealed some interesting trends. First, each smart growth indicator’s progress depends on countries’ economic development level. Aggregate values for more developed countries (EU-14, H-7 and G-3) are always higher than the EU average (EU-28) and aggregate values for less developed economies are basically lower. Second, cohesion progress of smart growth indicators was influenced by economic recession in 2007–2009. It is argued that cohesion is evident in times of economic growth, but its progress ceases or divergence might occur in case of economic hazards. However, despite the expanding cohesion between the new and the old member states, a gap between certain groups of countries is even growing. This is clearly evident when the EU member states are divided into groups subject to the level of their economic development.

scholarly journals The Impact Of Macroeconomic Factors In Economic Growth

2016 ◽  
Vol 12 (7) ◽  
pp. 331 ◽  
Author(s):  
Alush Kryeziu
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Public Debt ◽  
Budget Deficit ◽  
Econometric Model ◽  
Macroeconomic Factors ◽  
The Public ◽  
Time Period ◽  
Macroeconomic Indicators ◽  
The Impact

In this paper will be discussed the main concepts and trends of the macro-fiscal indicators in economic growth, as well as their importance in the economic development of different countries, with special emphasis in Kosovo. One of the aims of this paper is to define and explain the connection between macroeconomic indicators with specific emphasis: the public debt, budget deficit and inflation on economic growth. In order to analyze this impact of variables in economic growth, the targeted time period of research is the period from 2004 to 2014. While the data taken regarding Kosovo were obtained from the year 2005, due to the fact that earlier the data have been limited because of the developments in which Kosovo went through. The model that best represents the link between macro-fiscal indicators on economic growth is the linear regression as an econometric model. We will have the opportunity to see and interpret these data. The overall results have emerged in accordance with theoretical discussions presented, but this relationship has not turned out to be very strong because the coefficients acquired did not have great explanatory skills for economic phenomena.

scholarly journals Coupling Coordination Assessment on Sponge City Construction and Its Spatial Pattern in Henan Province, China

Water ◽  
2020 ◽  
Vol 12 (12) ◽  
pp. 3482
Author(s):  
Kun Wang ◽  
Lijun Zhang ◽  
Lulu Zhang ◽  
Shujuan Cheng
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Green Infrastructure ◽  
Henan Province ◽  
Central China ◽  
Coordinated Development ◽  
Sponge City ◽  
Development Level ◽  
City Construction ◽  
Coordination Development

Coordinating the “green” and “gray” infrastructure construction and the socioeconomic development is essential to sponge city construction. Most previous research has investigated the structural and non-structural approach for urban water management, such as operational practice, engineered measures, technical solutions, or planning management. However, there is a shortage of strategic management approaches to identify pilot sponge cities, which is essential to cities in developing countries under huge financial pressures. Hence, this paper proposed a coupling coordination evaluation index system to assess the coordination degree between economic development and infrastructure construction in Henan Province in central China. Then, the paper analyzed the differences of the coordination level and its spatial statistical pattern of the coupled and coordinated development of sponge city construction in Henan Province. The results show that: (1) from the perspective of comprehensive level, the problems of inadequate and unbalanced development of infrastructure construction and economic development level are prominent; (2) from the perspective of coordinated development level, the level of coupling and coordination development in Henan Province increased during the sample period, but the level of coupling and coordination development in each region was small; (3) from the perspective of relative development, Zhengzhou City is lagging behind in infrastructure, indicating that economic growth is faster than infrastructure construction, and other regions are lagging economic development, indicating that infrastructure construction is faster than economic growth; and (4) from the spatial statistical analysis, there is spatial positive correlation, that is, the area with high coupling degree of infrastructure construction and economic development level tends to be significantly concentrated in space. Studies have shown that Henan Province should focus on strengthening the construction of “green” infrastructure and increasing the infiltration of the underlying surface to counter the precipitation in urban areas in extreme climates.

scholarly journals Energy Price and Energy Efficiency in China: A Linear and Nonlinear Empirical Investigation

Energies ◽  
2020 ◽  
Vol 13 (16) ◽  
pp. 4068 ◽  
Author(s):  
Peng Hou ◽  
Yilin Li ◽  
Yong Tan ◽  
Yuanjie Hou
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Energy Efficiency ◽  
Economic Development ◽  
Energy Price ◽  
Effect Analysis ◽  
Economic Growth Rate ◽  
Development Level ◽  
Linear And Nonlinear ◽  
The Impact

The empirical conclusions regarding the relationship between energy price and energy efficiency are relatively mixed. This paper systematically examines the influence of energy price on energy efficiency in China based on data from 30 provinces between 2003 and 2017, using linear and nonlinear effect analysis. We found that the impact of energy price on energy efficiency in China was positive in general. However, there existed heterogeneous effects of energy price on energy efficiency in various regions, and the effect differed with differences in energy efficiency levels based on the panel quantile regression analysis. Finally, the nonlinear effect analysis based on the panel threshold model indicated that the effect of energy price on energy efficiency increased with the rise of the environmental regulation level and economic growth rate, while it decreased with the ascent of the degree of energy price distortion and economic development level. In particular, when the value of a region’s economic development level and economic growth rate was within a certain range, the impact was not statistically significant. Overall, these findings contribute to a deeper understanding regarding the effect of energy price on energy efficiency in China.

scholarly journals Citizens without Nations: A Response

2020 ◽  
Vol 65 (1) ◽  
pp. 135-142
Author(s):  
Maarten Prak
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Local Politics ◽  
The Other ◽  
Modern World ◽  
Poor Relief ◽  
Social Policies ◽  
Economic Activities ◽  
Urban Citizenship ◽  
Urban Contexts

AbstractIn Citizens without Nations, I argued that national histories have overlooked a large and significant range of citizenship practices that can be found in towns and cities across the pre-modern world. These practices related to local politics (elections, consultations), to economic activities (guilds), to social policies (poor relief), and to military defence (civic militias). This rejoinder addresses three issues raised by critics Jack Goldstone, Katherine Lynch, and R. Bin Wong in relation to my book on urban citizenship in Europe, Asia, and the Americas: ideas, including religion, nations, and economic growth. All three have a lot to do with the implications of global comparisons. Ideas and nations have taken distinct forms in the various world regions. Foregrounding them makes comparisons more difficult. Urban contexts, on the other hand, can be more easily compared. Economic development was introduced in the book as a benchmark to see if and how citizenship arrangements might have impacted prosperity. The economic numbers are, however, still fragile for the pre-industrial era. Therefore, they will have to be supplemented with qualitative studies, which are slowly but surely emerging also outside Europe.

scholarly journals FISCAL DECENTRALIZATION AND ECONOMIC GROWTH IN SELECTED EUROPEAN COUNTRIES

2017 ◽  
Vol 18 (4) ◽  
pp. 745-757 ◽  
Author(s):  
Neringa SLAVINSKAITĖ
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Fiscal Decentralization ◽  
Developed Countries ◽  
Panel Model ◽  
Development Level ◽  
Multiple Regression Method ◽  
Level Of Economic Development ◽  
High Level ◽  
The Empirical Analysis

The paper analyses the fiscal decentralization effects on economic growth in unitary countries of European Union for the period 2005–2014. The empirical analysis was based on the multiple regression method. The fixed effect panel model was used as framework for the analysis. In order to examine the different impact of fiscal decentralization, the same analysis was applied to subsets of countries categorized into two groups according to countries’ level of economic development. This further analysis found that there is positive relationship between fiscal decentralization and economic growth in low level of economically developing countries and no relationship in high level of economically developed countries. These results suggested that fiscal decentralization is not always instrument for promotion of economic growth, which means that country’s economic development level is an important factor when introducing reform of fiscal decentralization. The originality of this article – new fiscal decentralization index and evaluated fiscal decentralization level influence for countries economic growth.

scholarly journals Corruption and Growth: Evidence from the Italian regions

2012 ◽  
Vol 1 (2) ◽  
pp. 126 ◽  
Author(s):  
Nadia Fiorino ◽  
Emma Galli ◽  
Ilaria Petrarca
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Positive Impact ◽  
Government Expenditure ◽  
Public Expenditures ◽  
Potential Bias ◽  
Income Differentials ◽  
Italian Regions ◽  
Dynamic Growth ◽  
The Impact

This paper investigates the impact of corruption on economic growth in the Italian Regions. We estimate a dynamic growth model for the period 1980-2004 addressing both the potential bias of the measures of corruption and the endogeneity between corruption and economic development. We find strong evidence of a negative correlation between corruption and growth. Moreover, since government intervention has been traditionally used to reduce income differentials between the Northern and the Southern regions, we also analyze the interaction between corruption and government expenditure. Our results indicate that corruption undermines the positive impact that public expenditures have on economic growth.

scholarly journals Institutions as the Main Determinant in Economic Growth

ETIKONOMI ◽  
2019 ◽  
Vol 18 (1) ◽  
Author(s):  
Hari Nugroho ◽  
N. Haidy Ahmad Pasay ◽  
Arie Damayanti ◽  
Maddaremmeng Andi Panennungi
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Economic Development ◽  
General Theory ◽  
Technological Progress ◽  
The Other ◽  
Institutional Factors ◽  
Main Determinant ◽  
The World ◽  
Endogenous Growth Model

The studies on human capital and technological progress have given incredible insights on how countries in the world differ from one another. Yet there are more than those two reasons to account for differences among countries. There is a third reason why a country would differ in terms of its economic development progress, namely institutional factors. Hence developing institutional indices would give a deeper explanation than a mere theory. On the other hand, we can corroborate the institutional index with the general theory that low-quality institutions will impact an economy negatively. This study seeks to broaden the understanding of causes of economic growth by incorporating institutional index into a semi-endogenous growth model and finds a relationship between that index with human capital and technological progress

Natural Resources Accounting for Sustainable Development

2010 ◽  
pp. 38-49
Author(s):  
Ramakrishna Nallathiga
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Economic Development ◽  
Natural Resources ◽  
Human Development ◽  
The Other ◽  
Environmental Costs ◽  
Natural Resource Accounting ◽  
Management And Development ◽  
Resource Accounting

Economic growth has been conventionally looked upon as the measure for the development of society, while ignoring the other aspects viz., human development, natural resources, environment and ecology. In the conventional accounting of economic development, the value of services and goods provided by natural resources like air, water, land and biota are ignored; neither any attempts are made to monitor and account for the changes in natural resources and environment. For the economic development to be sustainable, the environmental costs have to be limited and to be growing at slower pace than the economic gains. In this chapter, an attempt is made to outline the importance of using Natural Resource Accounting (NRA) for sustainable development through an attempt to estimate the environmental costs and benefits, and also to compare with economic growth in the case of India. This chapter highlights the potential of using NRA to make decisions for sustainable development through policies for conservation, management and development of natural resources.

scholarly journals Analysis of Regional Disparities in Romania from an Entrepreneurial Perspective

2018 ◽  
Vol 10 (10) ◽  
pp. 3450 ◽  
Author(s):  
Elvira Nica ◽  
Violeta Sima ◽  
Ileana Gheorghe ◽  
Andreea Drugau-Constantin ◽  
Catalina Mirica (Dumitrescu)
Keyword(s):  
Economic Development ◽  
Lorenz Curve ◽  
Regional Policy ◽  
Influence Factors ◽  
Regional Disparities ◽  
The Other ◽  
Gini Coefficients ◽  
Development Level ◽  
Policy Measures ◽  
Statistical Indicators

This article proposes a synthetic analysis of the development level of regions in Romania with the concentration/diversification model, using Gini coefficients and Lorenz curve, based on the current statistical indicators. Knowing the degree of concentration and also the influence factors is useful in making decisions and setting regional policy measures. The analysis of regional disparities based on a series of data and indicators provided by The Romanian National Institute of Statistics for 2007–2016. The main findings highlight a deepening of the regional disparities in Romania in 2016 compared with 2007 explained mainly by the fact that the Bucharest–Ilfov region registered an economic development much above the other regions.

Sign in / Sign up

Export Citation Format

Share Document