scholarly journals Credit Misallocation and Economic Growth in Vietnam

2019 ◽  
Vol 2019 (189) ◽  
Author(s):  
Mitsuru Katagiri
Keyword(s):  
Economic Growth ◽  
Empirical Analysis ◽  
Financial Intermediation ◽  
Policy Issue ◽  
Government Budget ◽  
Government Financing ◽  
The Government ◽  
High Opportunity Cost ◽  
Theoretical Side ◽  
Bank Recapitalization

The legacy of non-performing loans and high opportunity cost of government financing of bank recapitalization impeded the efficiency of financial intermediation and are an important policy issue in Vietnam. This paper presents a theoretical and empirical analysis of the issue. An empirical analysis using corporate data indicates credit misallocation between state owned enterprises and private firms in Vietnam. On the theoretical side, a micro-founded banking model is embedded in a political economy setting to assess the factors determining the size of bank recapitalization and its effects on the efficiency of financial intermediation, economic growth and welfare. The analysis suggests that recapitalization depends on an array of factors, including the tightness of the government budget and the decision maker’s concern for the favored sector.

Fiscal Deficit and Economic Growth in Bangladesh

2016 ◽  
Vol 62 (1) ◽  
pp. 31-42 ◽  
Author(s):  
Ebney Ayaj Rana ◽  
Abu N. M. Wahid
Keyword(s):  
Economic Growth ◽  
Budget Deficit ◽  
Negative Impact ◽  
Political Stability ◽  
Ordinary Least Squares ◽  
Policy Implications ◽  
Government Budget ◽  
The Government ◽  
The Impact ◽  
Government Budget Deficit

The economy of Bangladesh is currently going through a period of continuous budget deficit. The present data suggest that the government budget deficit, on average, is nearly 5% of the country’s GDP. This has been true since the early 2000s. To finance this deficit, governments have been borrowing largely from domestic and foreign sources resulting in inflationary pressure on one hand, and crowding out of private investments on the other. During the same period, although the economy has grown steadily at a rate of more than 6%, this growth is less than the potential. This article presents an econometric study of the impact of government budget deficits on the economic growth of Bangladesh. We conduct a time-series analysis using ordinary least squares estimation, vector error correction model, and granger causality test. The findings suggest that the government budget deficit has statistically significant negative impact on economic growth in Bangladesh. Policy implications of our findings include reestablishing the rule of law, political stability in the country, restructuring tax structure, closing tax loopholes, and harmonizing fiscal policy with monetary policy to attract additional domestic and foreign investment.

scholarly journals Economic Growth, Policies and Influencing Factors: The Case of Albania

2016 ◽  
Vol 4 (1) ◽  
pp. 107
Author(s):  
Eleni Vangjeli ◽  
Anila Mancka
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Fiscal Policy ◽  
Interest Rates ◽  
Empirical Analysis ◽  
Influencing Factors ◽  
Fiscal Policies ◽  
The Government ◽  
High Level ◽  
The Empirical Analysis

Monetary and fiscal policies are two policies that the government could use to keep a high level of growth, with a low inflancion. Fiscal policy has its initial impact on the stock market, while monetary policy in market assets. But, given that the goods and active markets are closely interrelated, both policies, monetary as well as fiscal have impact on the economy, increasing the level of product through the reduction of interest rates. In our paper we will show how functioning monetary and fiscal policies. But also in our paper we will analyze the different factors which have affected the economic growth of the country. The focus of our study is the graphical and empirical analysis of economic growth, policies and influencing factors. For the empirical analysis we have used data on the economic growth in Albania for 1996– 2014.

scholarly journals Causality for the government budget and economic growth

2014 ◽  
Vol 21 (17) ◽  
pp. 1198-1201 ◽  
Author(s):  
António Afonso ◽  
João Tovar Jalles
Keyword(s):  
Economic Growth ◽  
Government Budget ◽  
The Government

scholarly journals A quantitative analysis of sources of changes in government expenditures on health, 2000 to 2015: what can we learn from experience to date?

2019 ◽  
Vol 3 ◽  
pp. 5 ◽  
Author(s):  
Helen Saxenian ◽  
Ipchita Bharali ◽  
Osondu Ogbuoji ◽  
Gavin Yamey
Keyword(s):  
Economic Growth ◽  
Health Expenditure ◽  
Government Expenditure ◽  
Health Expenditures ◽  
Government Expenditures ◽  
Government Budget ◽  
Tax Base ◽  
Current Health ◽  
Domestic Sources ◽  
The Government

Background: Achieving universal health coverage (UHC) requires increased domestic financing of health by low-income countries (LICs) and middle-income countries (MICs). It is critical to understand how much governments have devoted to health from their own sources and how much growth might be realistic over time. Methods: Using data from WHO’s Global Health Expenditure Database, we examined how the composition of current health expenditure changed by financing source and the main sources of growth in health expenditures from 2000-2015. We also disaggregated how much growth in government expenditures on health from domestic sources was due to economic growth, growth in the tax base, reallocations in government expenditures towards health, and the interactions of these factors. Results: Lower MICs (LMICs) and upper MICs (UMICs), as a group, saw a significant reduction in out-of-pocket expenditures and a significant growth in government expenditures on health from domestic sources as a share of current health expenditures over the period. This trend indicates likely progress in the pathway to UHC. For LICs, these trends were much more muted. Growth in government expenditure on health from domestic sources was driven primarily by economic growth in LICs, LMICs, and UMICs. Growth in government expenditure on health due to a strengthened tax base was most important in UMICs. For high-income countries, where economic growth was relatively slower and tax bases were already strong, the largest driver of growth in government expenditure on health from domestic sources was reallocation of the government budget towards health. Conclusions: Given these findings from 2000-2015, discussions about a government’s ability to reallocate to health from its overall budget need to be evidence based and pragmatic.  Dialogue on domestic resource mobilization needs to emphasize overall economic growth and growth in the tax base as well as the share of health in the government budget.

Public Spending and Budget Cycles in the Italian Regions: an Empirical Analysis

2010 ◽  
Vol 28 (2) ◽  
pp. 167-177
Author(s):  
Emma Galli ◽  
Marianicola Villani
Keyword(s):  
Local Government ◽  
Social Services ◽  
Empirical Analysis ◽  
Government Spending ◽  
Public Spending ◽  
Total Expenditure ◽  
Government Budget ◽  
Italian Regions ◽  
The Government ◽  
Local Government Budget

Abstract This paper focuses on the issue of the electoral and ideological cycles in local government budget for the Italian regions over the period 1996-2006. We verify these hypotheses for the following budgetary variables: total expenditures, administration, health, housing, culture and education, viability and transport and social services. The effect of the upcoming election on the government spending inclinations turns out to be relevant only for total expenditure. The ideology does not play a systematic role in spending decisions (with the exception of health) while sharing a common ideology between the national and regional governments affects public spending.

Empirical Analysis of Relationship between the Government Technical Investment and Economic Growth - Take Shaanxi Province as Example

2011 ◽  
Vol 403-408 ◽  
pp. 2354-2358
Author(s):  
Yan Wang ◽  
Jie Wu
Keyword(s):  
Economic Growth ◽  
Empirical Analysis ◽  
Technological Innovation ◽  
Innovation System ◽  
Shaanxi Province ◽  
Small Scale ◽  
The People ◽  
Investment System ◽  
The Government ◽  
The Relationship

According the data from 1995—2008, this paper has analyzed empirically the relationship between technical investment and economic growth in Shaanxi province government. The result showed that technical investment of Shaanxi province government has greatly improved the economic growth; however, there was big gap between the whole investment scope and the specific scopes of different districts and provinces and, the technical investment take a comparative small scale on the whole finance expenditure or GDP. So, this paper pointed out some suggestions to optimize technical investment of Shaanxi government, that to improve pluralism technical investment system, help universities to enhance multi-research & exploration and enhance the establishment of the army and the people scientific and technological innovation system.

scholarly journals Taxes and Economic Growth in OECD Countries: A Meta-analysis

2020 ◽  
pp. 109114212096177
Author(s):  
Nazila Alinaghi ◽  
W. Robert Reed
Keyword(s):  
Economic Growth ◽  
Fiscal Policy ◽  
Meta Analysis ◽  
Oecd Countries ◽  
Gdp Growth ◽  
Government Budget ◽  
Tax Effects ◽  
Percent Increase ◽  
Data Output ◽  
The Government

This study performs a meta-analysis of the effect of taxes on economic growth in Organization for Economic Cooperation and Development (OECD) countries. A challenge with synthesizing tax estimates is that they measure different things. This follows because studies differ in the government budget constraints implied by their regression specifications. To address this problem, we use a taxonomy from Gemmell, Kneller, and Sanz that predicts the growth effects from various tax-spending-deficit combinations. We apply this taxonomy to 979 estimates from forty-nine studies of tax effects in OECD countries. Our headline result is that a 10 percent increase in taxes is associated with a decrease in annual gross domestic product (GDP) growth of approximately −0.2 percent when bundled as part of a TaxNegative tax-spending-deficit combination. The same tax increase is associated with an increase in annual GDP growth of approximately 0.2 percent when part of a TaxPositive fiscal policy package. All of our data, output, and programming code are publicly available at https://osf.io/ 6 bfgx/ .

scholarly journals IPTEKS PENYUSUNAN APBD PROVINSI SULAWESI UTARA

2018 ◽  
Vol 2 (02) ◽  
Author(s):  
Nofriyanto Triyono ◽  
Anneke Wangkar
Keyword(s):  
Economic Growth ◽  
Financial Management ◽  
Budget Allocation ◽  
Provincial Government ◽  
Government Budget ◽  
Financing Policy ◽  
North Sulawesi ◽  
The Government ◽  
One Year

The budget is prepared based on programs and activities that have been planned for a period of one year. For this reason, the Government through the Regional Head made a KUA draft which contained: (1) Revenue Policy, (2) Shopping Policy, (3) Financing Policy. In determining the KUA-PPAS budget allocation, regional financial management uses the money follow program priority approach, which is only to make priority programs that want to be done so that the budget can run efficiently. The general policy of the 2018 North Sulawesi provincial government budget is prepared by taking into account the regional macroeconomic aspects. The government continues to boost economic growth through regional taxes and levies to build a better North Sulawesi.Keywords: revenue, expenditure, financing policy

scholarly journals An Empirical Analysis of the Effects of Population Growth on Economic Growth in Ethiopia using an Auto Regressive Distributive Lag (ARDL) Model Approach

2021 ◽  
Author(s):  
Alemayehu Temesgen Befikadu ◽  
Berhanu Alemu Tafa
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Population Growth ◽  
Empirical Analysis ◽  
Population Growth Rate ◽  
Total Population ◽  
Long Run ◽  
Auto Regressive ◽  
The Government ◽  
Model Approach

Abstract ObjectiveThe study examines An Empirical Analysis of the Effects of Population Growth on Economic Growth in Ethiopia using an Auto Regressive Distributive Lag (ARDL) Model Approach from the period of 1980 through 2019 with specific focus on total population, Growth Domestic Product, population growth rate, and foreign direct investment, inflow. This study investigated to understand the effects of total population on economic growth, and to analyze the short run and long run relationship of economic growth with respect to population growth.ResultsFrom the results of the study, personal remittance is stationary at level, while total population, FDI net inflows, population growth rate, rate of inflation, and gross capital formation are stationary at first difference. From the finding of long run equilibrium relationships between RGDP, population number, FDI, personal remittance, population growth rate, rate of inflation and GCF is existed since the value of F-statics is greater than the upper boundary line. Finally, to increase the economic growth of Ethiopia; the government should adopt policies that can attract the foreign investors. The government also should put a standard to guarantee that the economy grows at a larger rate than the population growth.

Sign in / Sign up

Export Citation Format

Share Document