scholarly journals The Impact of Government Size on Output Volatility: Evidence from World Economies

2019 ◽  
Vol 10 (4) ◽  
pp. 761-776 ◽  
Author(s):  
Gamze Oz-Yalaman ◽  
Deniz Sevinc ◽  
Guven Sevil
Keyword(s):  
Government Size ◽  
Output Volatility ◽  
The Impact

scholarly journals Government Size and Corruption: A Non-linear Analysis in the Case of EMCCA

2021 ◽  
Vol 12 (4) ◽  
pp. 17
Author(s):  
Assoumou Ondo ◽  
Beau Jency Owono Ondo
Keyword(s):  
Linear Relationship ◽  
Central Government ◽  
Central Africa ◽  
Linear Analysis ◽  
Government Size ◽  
Economic Community ◽  
Non Linear ◽  
The Government ◽  
The Impact ◽  
The Relationship

This article analyzes the relationship between Government size and corruption. Unlike the works in the way which suppose a linear relationship between the two variables, we estimate a panel with change of the modes to characterize the impact of the size of the Central Government on corruption, in the countries of the economic community and monetary of Central Africa (EMCCA). The results show that there is a non-linear relationship between these two variables. Indeed, a strong involvement of the Government in economic activity results in a significant increase in corruption when the Government exceeds a size of 13.5508% of the GDP.

Sectoral analysis of productivity in the developing and developed economies of Asia-Pacific

2019 ◽  
Vol 13 (1) ◽  
pp. 37-71
Author(s):  
Pami Dua ◽  
Niti Khandelwal Garg
Keyword(s):  
Technological Progress ◽  
Developing Economies ◽  
Trade Openness ◽  
Institutional Quality ◽  
Asia Pacific ◽  
Government Size ◽  
Financial Openness ◽  
Content Type ◽  
Developed Economies ◽  
The Impact

Purpose The study aims to empirically investigate the trends and determinants of labour productivity of the two broad sectors –industry and services – and their components, namely, manufacturing and market services sectors, in the case of major developing and developed economies of Asia-Pacific over the period 1980-2014 and make a comparison thereof. Design/methodology/approach The study uses econometric methodology of panel unit root tests, panel cointegration and group-mean full modified ordinary least squares (FMOLS). Findings The study finds that while capital deepening, government size, institutional quality, productivity of the other sector and financial openness affect productivity of all the sectors significantly, the impact of human capital and trade openness varies across sectors in the case of developing economies. Furthermore, the impact of technological progress becomes significant in the post-liberalization reforms period in the developing economies. The study further finds that capital deepening, human capital, government size, institutional quality, productivity of the other sector, government size and trade openness are significant determinants of productivity of all sectors of developed economies under consideration. However, the impact of technological progress is stronger for manufacturing sector than services and its components. Furthermore, while both equity and debt liabilities (as measures of financial openness) influence sectoral productivity of industry and manufacturing sectors positively and significantly in case of developed economies, only equity liabilities have a significant influence on the productivity of developing economies. This may indicate existence of more developed financial markets in the case of developed economies. Originality/value The study identifies important structural differences in determinants of productivity both across sectors and across developing and developed economies of Asia-Pacific.

scholarly journals Output Growth Volatility and Remittances: The Case of ECOWAS

2018 ◽  
Vol 6 (2) ◽  
pp. 23
Author(s):  
Deekor Leelee Nwibari ◽  
Gbanador Clever A.
Keyword(s):  
Generalized Method Of Moments ◽  
Well Being ◽  
Output Growth ◽  
Set Covering ◽  
Annual Data ◽  
Output Volatility ◽  
Data Set ◽  
Left Behind ◽  
The Impact ◽  
Growth Volatility

The study on output growth volatility and remittances: the case of ECOWAS is to determine the impact of remittances on output growth volatility. To achieve this, the study adopts the theory of altruism which posits that the migrant derives a positive utility from the well-being of the family left behind. A panel annual data set covering 15 remittances recipient ECOWAS member nations for the period ranging from 1995 to 2015 were utilized. The study utilizes a panel system Generalized Method of Moments (GMM) technique and both the static and dynamic panel estimation approaches to examine the impact of remittances on growth volatility. Results show that remittances appear to be inducing output volatility in ECOWAS member countries. As a result, the study suggests among others, the encouragement of policies that will foster increasing influx of remittances to the region by the concern authorities in order to stabilize volatility of any form in the region.

scholarly journals The impact of government size on economic growth: A threshold analysis

2016 ◽  
Vol 139 ◽  
pp. 65-68 ◽  
Author(s):  
Stylianos Asimakopoulos ◽  
Yiannis Karavias
Keyword(s):  
Economic Growth ◽  
Government Size ◽  
Threshold Analysis ◽  
The Impact

scholarly journals Government Size and Output Volatility: Should We forsake Automatic Stabilization?

2008 ◽  
Vol 08 (122) ◽  
pp. 1 ◽  
Author(s):  
Jean Pisani-Ferry ◽  
Xavier Debrun ◽  
André Sapir ◽  
◽  
◽  
...  
Keyword(s):  
Government Size ◽  
Output Volatility ◽  
Automatic Stabilization

scholarly journals The Impact of Government Size on Inflation in selected Developing Countries (2006-2014)

2018 ◽  
pp. 71-90
Keyword(s):  
Growth Rate ◽  
Developing Countries ◽  
Panel Data ◽  
Interest Rate ◽  
Inflation Rate ◽  
Government Size ◽  
Gdp Growth ◽  
Money Growth ◽  
Gdp Growth Rate ◽  
The Impact

One of the serious challenges facing developing countries that are facing is the issue of inflation. Inflation creates serious challenges for economic agents as a result of the greatly damaging effects of economic and economic growth. Despite the general understanding of the concept of inflation, there is still no agreement between economists on the causes of its creation. The present study examines the impact of government size on inflation in 16 selected developing countries (Afghanistan, India, Iran, Malaysia, Mexico, Argentina, Qatar, Singapore, Kuwait, Pakistan, Uruguay, Benon, Nepal, Mali, Vietnam and Bhutan) will be tested during the period from 2006 to 2014. The pattern examined for this purpose, using the combination (panel) data in the least squared method completely, for the investigated pattern for this purpose, using generalized least squares panel data, toinvestigate the effect of each of the variables of government size, the index of import value, interest rate, Money and quasi money growth rate and GDP growth rate used on the Inflation rate. The results of this research indicate that the Money and quasi money growth rate, interest rate and growth rate of the import value index had a positive and significant effect on the inflation rate, and the GDP growth rate had a negative and significant effect on the inflation rate. Also, the main independent variable of government size model has had a negative and significant impact on inflation in the studied countries.

scholarly journals Impact of the government size on economic growth in the Western Balkan countries

2022 ◽  
Vol 11 (1) ◽  
pp. 55-63
Author(s):  
Roberta Bajrami ◽  
Adelina Gashi ◽  
Kosovare Ukshini ◽  
Donat Rexha
Keyword(s):  
Economic Growth ◽  
Government Spending ◽  
Economic Freedom ◽  
Ordinary Least Squares ◽  
Government Size ◽  
Gdp Growth ◽  
Government Consumption ◽  
Per Capita ◽  
The Government ◽  
The Impact

The Keynesian theory states that economic growth is positively affected by government spending, while Classical theory states that economic growth is negatively affected by government spending, as is stated by neoclassical public choice theorists (Nyasha & Odhiambo, 2019). Based on these theories, many authors have carried out research on the impact of economic freedom on economic growth by analyzing various empirical cases. Bergh and Karlsson (2010) with the findings from his paper confirmed that the countries with the highest government size have an elevated growth in the globalization index of KOF and the Fraser Institute’s economic freedom index. The main aim of this paper is to analyze the government size impact on the growth of the economy in the Western Balkan in the time period 2000–2017 according to Fraser Institute’s data, incorporating the following econometric models: fixed and random effects, pooled ordinary least squares (OLS), and Hausman-Taylor IV. With these models, this paper analyzes a government size and its components: government enterprises and investment, government consumption, transfers, and subsidies. The results illustrate a relationship between the size of the government and the growth of the economy in the Western Balkans that is positive. 1% increase in government size affects 0.29% gross domestic product (GDP) growth per capita. According to the Hausman-Taylor instrumental variable, 1% growth of government consumption is affected by 0.69% the decline in GDP per capita. The growth rate of transfers and subsidies affects 0.17% of GDP growth per capita and 1% of government enterprises and investment affects 0.54% GDP growth per capita.

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