capital spending
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2022 ◽  
pp. 42-49
Author(s):  
Kamelia Assenova

The pandemic of COVID-19 influences all sectors of the economy. It caused decreasing in produced Gross domestic product (GDP) and higher unemployment. As it is known, to overcome this negative tendency, it is possible to put in practice monetary and fiscal instruments. During the pandemic, the government tried to slow down negative economic results through public spending. With them, the government looks to be increased aggregate demand in the economy and as a result-GDP raises and unemployment reduces. The research is based on created original model for testing the impact of total public spending, capital, salary, social insurance and care, for maintenance by a consolidated fiscal program on the value of GDP. The changes of GDP measure the effectiveness of public spending. The period of research is before and during the COVID-19 crisis (2019-2020) in the case of Bulgaria. Before the pandemic the analysis shows coefficient of determination for capital spending is more significant compare with all other types of public expenditure and these cost predetermine economic growth. During the pandemic of COVID-19 public spending has used as the main instrument to overcome the negative results for the economy. For this period it found an extremely strong impact of labor costs and social care expenditure on aggregate demand. They bring more positive results to be solved health issues, but not for faster recovery of the economy.


2022 ◽  
Vol 17 (2) ◽  
pp. 129-155
Author(s):  
د مصطفى أحمد قمر الدين عبد الله

The study deals with the impact of current and capital public  spending  on unemployment in Sudan during the period (1992-2018), and the importance of the study, from the fact that it deals with topics of great scientific and practical importance, and the aim of the study to know the nature of public spending in the current and capital aspects, the nature of unemployment, in addition to an alysing the relationship between these variables, and the problem of  study was that there is a steady  increase  in Current and capital  public  spending during the study period and therefore the unemployment situation in Sudan did not improve,  as the study used the descriptive and analytical approach, in addition to the standard method to know the relationship between the variables studied, and the study reached many results, the most important of which is: that there is a expulsionrelation ship with statistical significance Between current spending and the unemployment rate, there is also a morally inverse relationship between capital spending and the unemployment rate. The most important recommendations recommended by the study are to increase capital spending and direct this spending in creating and expanding the scope of productive projects, as well as to spend on vocational training centers and develop them and to transfer the experience of the countries that preceded Sudan in this area, which contributes to reducing the unemployment rate


Author(s):  
Jideofor Nnennaya Joy ◽  
Michah Chukwuemeka Okafor ◽  
Josephine Adanma Nmesirionye

The research investigates the relationship between governmental capital spending and economic development in Nigeria. Several issues of the Central Bank of Nigeria's statistics bulletin were used in the research, which yielded a large amount of data. The data was submitted to a unit root test, which was performed using the Augmented Dickey fuller (ADF) method, in order to determine its time series characteristics. The variables' socioeconomic characteristics were obtained via the use of descriptive statistics. Because of the varying order of integration seen in the unit root, cointegration and regression analysis were carried out utilizing the ARDL- Autoregressive Distributed Lag method, which is an acronym for Autoregressive Distributed Lag. The results show that public capital investment has a negative and statistically significant (tcal = -2.6996) impact on the Nigerian economy, as assessed by the GDP growth rate, according to the data. The results demonstrate that when capital expenditures in Nigeria get the attention they deserve, they have the potential to contribute to economic development in the country. This research recommends that the government manage capital spending in an appropriate manner in order to enhance the nation's productive capacity and accelerate economic development in light of the results.


Significance He promised not to borrow any more from the central bank; to consider revising the official exchange rate; and to amend the budget bill to address the mounting deficit, projected to reach USD17bn in the current fiscal year ending March 2022, according to a September report by the Majlis Research Centre. Impacts Further price increases and rising poverty will increase social tensions. The new central bank governor could impose interest cuts justified in terms of sharia-compliance. Austerity measures including reduced capital spending will weigh on slow-recovering economic growth. Some bankrupt government-owned entities will close, resulting in redundancies.


Urban Studies ◽  
2021 ◽  
pp. 004209802110470
Author(s):  
Meng Le Zhang ◽  
George Galster ◽  
David Manley ◽  
Gwilym Pryce

Regeneration is an internationally popular policy for improving distressed neighbourhoods dominated by large social housing developments. Stimulating employment is often touted as a secondary benefit, but this claim has rarely been evaluated convincingly. In 2003, Glasgow City Council transferred ownership of its entire social housing stock to the Glasgow Housing Association and over £4 billion was invested in physical repairs, social services and other regeneration activities. Using a linked census database of individuals (Scottish Longitudinal Study), we evaluate the causal effect of the Stock Transfer on employment in Glasgow through a quasi-experimental design that exploits idiosyncrasies and changes in Glasgow’s administrative boundaries. We find that the Stock Transfer had a positive effect on employment for Glasgow residents who were not living in transferred social housing stock. We establish that this effect was mainly accomplished through the local employment multiplier effect of capital spending rather than through any other programmatic elements of the Stock Transfer. Exploratory analysis shows heterogeneous effects: individuals who were over 21, female, living with dependent children and with less education were less likely to benefit from the intervention. We did not find significant subgroup effects by neighbourhood deprivation.


Author(s):  
David Waweru

The purpose of this study was to investigate how capital government expenditure contributes to economic growth in East African countries. Many past empirical studies on the relationship between public capital spending and output growth show inconsistent results and mainly focus on total public expenditure. Hence, this study aims to determine the impact of public capital spending on economic growth using panel data series for East African countries. The secondary data sources were statistical abstracts and World Bank reports. To check if the variables have a relationship, this study used the panel least squares (OLS) estimation technique. The results showed that capital spending has a positive and significant effect on economic growth in East Africa. This research suggests that in East African economies, the strategy and policy of increasing government spending on the capital budget to promote economic growth will be appropriate, but fewer funds should be channeled towards recurrent programs.


Sociology ◽  
2021 ◽  

Whatever else organizes city politics, economies, or modes of governance, dedication to growth is the main political force at work—according to the widely influential “growth machine” thesis. Growth interests, it argues, especially dominate in countries like the United States, where land and buildings operate as private markets, rather than held in common by government or some other entity; most studies have been US based but many commentaries and analyses have followed on from research elsewhere. Researchers describe pursuit of growth in payrolls, capital spending, or construction activity. As in the classic Marxian framework, such would enhance “exchange value.” In the political sphere, growth interests form up at nested scales where they pressure for advantageous zoning and public infrastructure investments at relevant administrative levels—in roads, sewer lines, and so forth. They lobby and help finance campaigns. Opposition forms up, in turn, from those whose interest in the city is primarily for home life or shared enhancements—represented by civic groups or, increasingly, environmental organizations. They strive for gains, again from the extended Marxian lexicon, in “use value”—substantive public benefits, as in health care, libraries, schools, safety, and parks. The resulting debates, studies, and applications are subjects of hundreds of articles, reviews, and books.


2021 ◽  
Vol 4 (1) ◽  
pp. 17-31
Author(s):  
Raymond M. ◽  
Ibyingibo S.

The issue of security is presently a critical challenge for the Nigeria State: biggest democracy in Africa as reports of killings are plastered on a daily basis on both print and social media. This is unpalatable for a developing country like Nigeria that has its eyes set on improving the lot of its citizens and becoming a force to reckon with in the global economy. It is on this backdrop that this study set sail to examine the association between national defence expenditure and economic development in Nigeria. The study adopted Ex-post facto research design as the variables- Misery Index, CDEX and RDEX: cannot be manipulated as they are annual time series data sourced from the World Development Indicator and the Central Bank of Nigeria annual report from a period of 38 years covering from 1981 to 2018, which were in turn analyzed using the error correction model (ECM) method of estimation. The result of the Johansen cointegration test revealed that government capital spending on defence, recurrent spending on defence, foreign direct investment and misery index have common trends in the long run. The outcome of the normalized cointegration disclosed a negative and significant relationship between government capital spending on defence and misery index, while a positive and significant long run relationship exists between government recurrent spending on defence and misery index. The short run analysis pointed to a positive and significant relationship between previous year’s misery index and current year’s misery index. The study thus recommended that government defence spending be reassessed to make it development oriented and proper monitoring of defence spending be carried out.


2021 ◽  
Vol 3 (1) ◽  
pp. 170-187
Author(s):  
Syofyan Yuliantoni ◽  
Fefri Indra Arza

This study aims to determine the effect of General Allocation Fund (DAU), Regional Original Income (PAD), and Revenue Sharing Fund (DBH) on Capital Expenditures with Excess Budget Financing (SILPA) as a Moderating Variable in Provincial Governments throughout Indonesia 2015-2019. The data use in this study is the report on the realization of APBD for the 2015-2019 fiscal year which is available on the DJPK website. The population and sample in this study ara all provincial governments in Indonesia consisting of 34 provinces from 2015-2019 with a total of 170 data. Hypothesis testing in this study uses the Moderated Regression Analysis (MRA) test. The result showed that DAU had a significant effect on capital spending, PAD and DBH had no effect on capital spending, SILPA does not moderate DAU, PAD, and DBH on capital expenditures.


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