scholarly journals Short- and Long-Term Growth Effects of Special Interest Groups in the U.S. States: A Dynamic Panel Error-Correction Approach

2014 ◽  
Author(s):  
Ismail Miniru Cole
2019 ◽  
Vol 8 (4) ◽  
pp. 13-28
Author(s):  
George S. Atsalakis ◽  
Emilios Galariotis ◽  
Constantin Zopounidis

In Greece, special interest groups were the main drivers of pressure to increase public spending and, by extension, to increase public debt to cover the expenditure by blocking any effort of prudent governance. They were so greedy, that when the funds of public vaults were not sufficient to meet their expectations, they exerted pressures or even extorted the state to engage in public borrowing so as to accrue even greater funds, disregarding the short- and long-term cost of such actions for the state and society. As a result, a vicious circle led to Greek public over-indebtedness in order to support public overspending. It is indicative that the Greek state's primary expenditure rate increased between 2000 and 2009 by 135%. In other words, the citizens were obliged to pay taxes that would support two states: the expenses' level the state had until 2000 and the costs of one more state after 2000-2009.


2020 ◽  
Vol 41 (1) ◽  
pp. 35-44
Author(s):  
Jennifer O’Connell ◽  
Barbara Dabrowa ◽  
Jessie Firth ◽  
Lisa Mansfield ◽  
Frances Paterson ◽  
...  

Author(s):  
مهند المحمدي ◽  
محمد الحياني

The research aims to measure and analyze the determinants of investment in the Iraqi economy and study the theoretical foundations of investment and analyze the viewpoint of the most important schools of economic thought regarding investment and investment determinants and their effects on economic activity , and by using possible standard models as the results of standard analysis using the joint integration tests of time series . cointegration tests, they have proven the existence of a long-term equilibrium relationship according to the methodology of the results of estimating the short and long-term parameters and the error correction parameter(ECM) , it is moving from a set of explanatory variables towards The dependent variable, while the value of the error correction vector coefficient was negative and significant , as it reached (-0.59%) , which means the fulfillment of the two basic conditions in this parameter , namely : its negative value and the statistical significance . This means that (0.59) of the short-term errors are automatically corrected during the unit of time (year) to reach the equilibrium in the long term, meaning that the investment requires about less then a year (1.6) , that is , approximately a year and 6 days to reach its equilibrium value in the long term , In other words , the previous period deviates from the long-term equilibrium and is corrected in the current by (59%) . This indicates that the adjustment in the model was relatively fast .


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