Public expenditure, inflation, and growth

a macro-econometric analysis for India
  • 228 Pages
  • 3.28 MB
  • 2799 Downloads
  • English
by
Oxford University Press , Delhi, New York
Finance, Public -- India., Inflation (Finance) -- India., India -- Economic conditions --

Places

India, I

StatementB.B. Bhattacharya.
SeriesStudies in economic development and planning / Institute of Economic Growth ;, no. 37, Studies in economic development and planning ;, no. 37.
Classifications
LC ClassificationsHC435.2 .B4546 1984
The Physical Object
Paginationxxvii, 228 p. ;
ID Numbers
Open LibraryOL3009907M
ISBN 100195617134
LC Control Number84903570

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Additional Physical Format: And growth book version: Bhattacharya, And growth book, Public expenditure, inflation, and growth. Delhi ; New York: Oxford University Press,   Comprised of 21 chapters, this book discusses the theory and practice of public finance, with emphasis on public expenditure, taxation, and the national debt.

Fiscal policy with its economic, social, and political objectives is also considered and viewed Book Edition: 1. The article explores the effects of public expenditures on growth among 73 countries over the –89 period.

While much of the literature attributes weak growth to public investment and social expenditures which inhibit growth through crowding‐out and rent‐seeking, the article highlights the contributions that public investment and social expenditures may make to by:   Procedia Economics and Finance 5 () 58 – 67 The Authors.

Published by Elsevier B.V. Selection and/or peer-review under responsibility of the Organising Committee of ICOAE doi: /S(13) International Conference On Applied Economics (ICOAE) Inflation, Economic Growth and Government Expenditure of Pakistan: Cited by: This paper investigates the relationship between public expenditure growth and inflation in the United States of America using the cointegration analysis and Granger Causality Model applied to Time Series Annual Data from – The results indicate that public expenditure and inflation are cointegrated and thus there exist a.

The aim of this article is to assess the empirical evidence of the nexus between public expenditure and inflation for the Mediterranean countries during the periodusing a time-series approach.

After a brief introduction, a concise survey of the economic literature on this issue is shown, before discussing the data and introducing some econometric techniques. To what extent has public expenditure through, actual public debt services and total public borrowing, interest rate and inflation rate affected economic growth in Nigeria.

To determine the extent foreign direct investment impacted on the growth of the Nigeria economy. Not necessarily. Our paper simply demonstrates that the inflation channel of government spending is not an empirically important way that this spending might affect the economy.

Notes and References. 1 Real GDP growth for the first quarter of was percent at a seasonally adjusted annual rate. public expenditure decisions in the U.S. Public expenditure growth aggravated inflationary pressures in the country, where reduction in public expenditure tends to reduce inflation.

Mohammad et al () try to find out long run relationship among M 2, inflation, government expenditure impact and economic growth in case of Pakistan. The purpose of this study was to establish the effect of taxes, inflation and government expenditure on economic growth in Kenya. The study sought to establish the effect of taxes on economic growth, the effect of inflation on economic growth and the effect of public expenditure on economic growth.

between money supply, inflation, government expenditure and economic growth in Pakistan. The current study will provide an insight to the Policy Makers to identify the important economic variable(s) to be addressed to put the economy on an even keel of economic growth.

This paper examines the role of institutions in the nexus between public spending and economic growth. Empirical results based on a newly assembled dataset of 80 countries over the – period suggest that particularly when institutions prompt governments to be accountable to the general citizen does public capital spending promote growth.

Taking account of the type of. of total public expenditure or by the level of public consumption expenditure) and eco- nomic growth. According to some studies, such association is significant and positive. The Implications for Inflation, Employment and Growth of a Fall in the Share of Output that is Marketed / Walter Eltis and R.W.

Bacon How Rapid Public Sector Growth can Undermine the Growth of the National Product --pt. Practical Macroeconomics: How Borrowing and Inflation Destabilize   Adjusted for population growth and inflation growth, that spending increased 2 percent per year, on average.

Description Public expenditure, inflation, and growth FB2

The biggest jump in nongeneral fund spending came in Medicaid, fueled by increases in medical and drug costs and the expansion of the population eligible for the program.

Notice that three of the largest categories were in higher education. Data for around countries from to are used to assess the effects of inflation on economic performance. If a number of country characteristics are held constant, then regression results indicate that the impact effects from an increase in average inflation by 10 percentage points per year are a reduction of the growth rate of real per capita GDP by percentage points per.

Public expenditure has the expansionary effect on the growth of national income, employment opportunities, etc. Economic development also requires development of economic infrastructures. A developing country like India must undertake various projects, like road-bridge-dam construction, power plants, transport and communications, etc.

In crisis, play by the book: Discarding the principles of sound public policy could end up doing more harm than good Some unconventional measures may well be needed at the current juncture. But discarding the principles of sound public policy, though it sounds appealing, could end up.

Eltis, W. () The Interconnection Between Public Expenditure and Inflation in Britain, American Economic Review, 73, –6 Gould, F. () The Development of Public Expenditures in Western Industrialised Countries: A Comparative Analysis, Public Finance, 38, 38 – This division of the public finance which received little attention at the hands of the classical economists is now considered to be the most important department of public finance.

Causes/Factors of Growth of Public Expenditure: Public expenditure has now-a-day enormously increased due to the intensive and extensive expansion of state activities.

Book: The Growth of Public Expenditure in the United Kingdom. authors: Alan T. Peacock & Jack Wiseman PUBLISHER: Princeton University Press. Get permission to reprint part of this book Purchase Book.

Table of Contents. Front matter, The Growth of Public Expenditure in the United Kingdom. Public Expenditure and Growth. c b. Tweet Like Share # Shares: 0. Download.

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English PDF MB. Text file KB. Published. Journal 1 of 1. Author(s) Herrera, Santiago.

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Metadata. Show full item record. Abstract Given that public spending will have a positive impact on GDP if the benefits exceed the marginal cost of public funds, the.

Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.

The Nigerian economy in the last two decades up until has been growing at an average of 6% and yet unemployment was equally growing in the region of 20% within the same period. Government budget - Government budget - Growth of public expenditure: The proportion of national income devoted to public spending rose considerably during the 19th and 20th centuries.

Much of this historical rise, however, cannot be taken as a direct measure of either the relative importance of government as a whole in economic decision making or of the comparative roles of central and lower.

ADVERTISEMENTS: Some of the main causes of public expenditure growth are: 1. Income Elasticity and Increase in Per Capita Income 2. Welfare State Ideology and Wagner’s Law 3. Effects of War and the Need for Defence 4.

Resource Mobilisation and Ability to Finance 5. Inflation 6. The Role of Democracy and Socialism 7. The Urbanisation [ ]. While some of the increases in the public expenditure have been associated with declining tax revenue resulting from the recession, others relate to the increase in debt service payments on public debt.

The relevance of public expenditure is often traced to the Keynesian inspired expenditure-led growth theory of the s. The importance is the ability to draw a relationship between inflation and government expenditure in Nigeria, whether inflation has significant impact on government expenditure in Nigeria.

Again, this research will be of immense value to the different sectors of the economy (both public and private) most especially the government. expenditure is increased to generate employment and taxes are reduced to encourage consumption and investment.

During inflation, public expenditure is reduced and taxes are raised. (d) Economic growth In developing and underdeveloped economies, the objectives of. Demand-Pull Inflation, Cost-push inflation, Supply-side inflation Open Inflation, Repressed Inflation, Hyper-Inflation, are the different types of inflation.

Increase in public spending, hoarding, tax reductions, price rise in international markets are the causes of inflation. As wages rise, so does consumers' spending power, leading the economy to heat up and spur inflation; this model is known as cost-push inflation.

7. Increases Growth. Public expenditure is one of the important subject matters of public finance. It deals with various expenditures of an authority. Before the Keynesian revolution of s, in economics, public expenditure played very limited role in public finance because most of the economists of that time were believed in the free competition or the so called laissez-faire mechanism.