scholarly journals Efficiency of Public Spending in Developing Countries: An Efficiency Frontier Approach

2005 ◽  
Author(s):  
Santiago Herrera ◽  
Gaobo Pang
Keyword(s):  
Developing Countries ◽  
Public Spending ◽  
Efficiency Frontier

PUBLIC INVESTMENT AND ITS IMPLICATIONS FOR TECHNOLOGICAL PROGRESS: A COMPARISON BETWEEN DEVELOPED AND EMERGING ECONOMIES

2019 ◽  
Vol 13 (4) ◽  
pp. 1-14
Author(s):  
Presley Vasconcellos ◽  
Fabiola De Sampaio Rodrigues Grazinoli Garrido
Keyword(s):  
Developing Countries ◽  
Emerging Economies ◽  
Technological Progress ◽  
Socioeconomic Development ◽  
Public Investment ◽  
Public Spending ◽  
Scientific Progress ◽  
International Market ◽  
Development Policies ◽  
Effective Development

Emerging economies have unique characteristics. Governments should promote effective development policies taking into account the particularities of each country. Public spending in the educational system for stimulating technological and scientific progress should be part of the government’s agenda on socioeconomic development, creating successful strategies to stimulate robust and innovative processes directed to meet internal demands. The investment in research and development by developing countries such as China has improved their economy and it allows them to become leaders in different sectors of the international market.

Productive Contribution of Public Spending and Human Capital in Developing Countries Revisited: The Role of Trade Openness

2021 ◽  
pp. 001573252110454
Author(s):  
Thanh Dinh Su ◽  
Canh Phuc Nguyen
Keyword(s):  
Developing Countries ◽  
Human Capital ◽  
Trade Openness ◽  
Public Spending ◽  
Factor Productivity ◽  
Jel Codes ◽  
Tfp Growth ◽  
Negative Factor ◽  
Catalytic Role

This study examines the catalytic role of trade openness in the relationships between human capital and public spending and total factor productivity (TFP) growth in 44 developing countries over the 1980–2014 period. Applying various estimation techniques to deal with autocorrelation, heteroscedasticity and cross-section dependence, the study finds that (a) the effect of human capital on TFP is nonlinear, (b) government consumption positively affects TFP but military spending is a negative factor and (c) trade openness significantly improves the positive influences of these factors on TFP. The results imply the important role of trade liberalisation in productivity evolution in developing countries. JEL Codes: F43, H52, O47

scholarly journals Factors affecting the success of the election economy in developed and developing countries (Some examples about Turkey)

2016 ◽  
Author(s):  
Engin Hepaksaz
Keyword(s):  
Developing Countries ◽  
Budget Deficit ◽  
Public Spending ◽  
Institutional Quality ◽  
Fiscal Policies ◽  
Media Access ◽  
Negative Effects ◽  
Factors Affecting ◽  
The Public ◽  
Ruling Party

Despite the risk of deterioration of the balance of budget and economy during election periods, the parties can go to election economy applications in order to remain in power depending on competition between themselves. Especially the incumbent uses fiscal policies for reelection purposes. Here the incumbent intends to secure reelection by maximizing his expected vote share at the next election and follow expansionary policies just before the elections and reverse the trend after the elections in order to smooth the negative effects of pre-election budget deficit. All these applications may cause deterioration of budget balances, budget deficit and economic instability leading to an increase in debt with a significant increase of public spending relative to tax revenues. But in terms of election economy not only the public policies but also the other factors (level of development, institutional quality and media access, level of democracy, political and economic crisis, constitutional rules, transparency etc.) play a key role which focus on the idea of heterogeneity across countries. In this study, factors affecting the success of the election economy in developed and developing countries are evaluated and some examples are given about Turkey’s 30-year period of elections from 1983 to 2015.Keywords: election economy, ruling party, budget deficit, turkey

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