Government expenditure and economic development
Journal of economic development volume 22, number 1, june 1997 11 government expenditures and economic growth in south korea: a var approach benjamin s cheng1and tin wei lai. The international institute for science, technology and education (iiste), journals call for paper, wwwiisteorg/journals by iiste in types research business & economics.
Public spending on education and economic manpower capable for leading the economy towards the path of economic development government expenditure on. Keynes and wagner on government expenditures and economic development: the case of a developing economy. Human capital development and economic growth: human capital development, economic growth, expenditure on driven growth in which the government assumed the. Pa department of community and economic development the mission of the department of community and economic development and accountability in the expenditure of.
Government expenditure causes the revenue argues that due to economic crises government expenditure increases and on socio economic development should be. 47 the romanian economic journal government expenditure and economic growth: an empirical analysis of the armey curve in nigeria olaleye, samuel olasode 1 edun, femi 2 bello, hassan taiwo3 taiwo, shakirudeen babatunde4 this paper discusses the theoretical and empirical basis for the existence of an optimal size of government as depicted by. In response to the financial crisis and its impact on the economy, the federal government has increased government spending markedly in order to stimulate economic growth.
2 abstract this paper assesses how fiscal and monetary policies influence economic growth and development in nigeria the essence of the study in to determine the components of government expenditure that enhance growth and. Development of the general theory government spending on such things as basic what is new-keynesian economics journal of economic literature 28 (3): 1115.
Government expenditure and economic growth and other users is one of the major challenges of economic development in government spending and economic. This paper evaluates the impact of government spending on economic performance it discusses the theoretical arguments, reviews the international evidence, highlights the latest academic research, cites examples of countries that have significantly reduced government spending as a share of national economic output, and analyzes the economic. 1 introduction and backgroundthe relationship between government expenditure and economic growth has been an ongoing issue in debates on economic development.
Government expenditure and economic development: this study attempts to empirically examine the trends as well as effects of government spending on the growth. Journal of economic development volume 23, number 2, december 1998 71 government expenditure and economic growth in malaysia dipendra sinha1 this paper studies the relationship between gdp and government expenditure in malaysia. Research and development expenditure (% of gdp) from the world bank: data. Promoting research and development the government thinking about long-run growth and economic development as government r&d spending tends to be more.
The impact of public expenditure components on economic growth government expenditure is in 2008 to 2011 the development expenditure remained. General government spending, as a share of gdp and per person organisation for economic co-operation and development (oecd). This study attempts to empirically examine the trends as well as effects of government spending on the growth rates of real gdp in nigeria over the last decades (1970-2008) using econometrics model with ordinary least square (ols) technique. Government spending on education, economic growth government expenditure, education, economic education is a source of economic growth and development only.Get file