scholarly journals How Does Public Deficit Affect Public Investment in Senegal?

2017 ◽  
Vol 2 (1) ◽  
pp. 1-11
Author(s):  
Cheikh Tidiane Ndour
Keyword(s):  
Public Debt ◽  
Public Investment ◽  
Interaction Model ◽  
Public Infrastructure ◽  
Public Deficit ◽  
Stability Pact ◽  
Endogenous Growth Model ◽  
The Stability ◽  
The Impact

Purpose: This paper proposes an assessment of the non-linear relationship between public deficit and public investment in debt situation.Methodology: We use an endogenous growth model, with productive public spending, that we test empirically using the interaction model of Brambor et al. (2002), over the period 1980-2015, in Senegal.Results: The results of the estimates show a change in the regime of the relationship between public investment and public deficit for public debt level equal to 80% of GDP. When public debt is below this threshold, any increase in the deficit has an expansive effect on public infrastructure spending. When public debt is above the threshold of 80% of GDP, an increase in the deficit has a recessive effect on public investment.Policy recommendation: An important contribution of this study is to show that the PCSCS implemented in the WAEMU zone cannot register only in a nominal sense to inking with the euro. The budgetary rules laid down in the Stability Pact should be studied in depth. The study would benefit from further study. One of the extensions of this study would be to determine the impact of this debt threshold of 80% on long-term economic growth in Senegal.

Secular stagnation in the modern world

2018 ◽  
pp. 125-141 ◽  
Author(s):  
S. M. Drobyshevsky ◽  
P. V. Trunin ◽  
A. V. Bozhechkova
Keyword(s):  
Public Debt ◽  
Capital Accumulation ◽  
Technological Development ◽  
Japanese Economy ◽  
Modern World ◽  
Key Factors ◽  
Destruction Process ◽  
Secular Stagnation ◽  
The Impact

The paper studies the factors of secular stagnation. Key factors of long-term slowdown in economic growth include the slowdown of technological development, aging population, human capital accumulation limits, high public debt, creative destruction process violation etc. The authors analyze key theoretical aspects of long-term stagnation and study the impact of these factors on Japanies economy. The authors conclude that most of the factors have significant influence on the Japanese economy for recent decades, but they cannot explain all dynamics. For Russia, on the contrary, we do not see any grounds for considering the decline in the economy since 2013 as an episode of secular stagnation.

IMPACT OF GOVERNMENT DEBT ON FINANCIAL SECURITY OF UKRAINE

2017 ◽  
Author(s):  
Olena Pikaliuk ◽  
◽  
Dmitry Kovalenko ◽  
Keyword(s):  
Economic Development ◽  
Public Debt ◽  
Positive Impact ◽  
The State ◽  
Financial Security ◽  
State Budget ◽  
The Public ◽  
Debt Security ◽  
The Stability ◽  
The Impact

One of the main criteria for economic development is the size of the public debt and its dynamics. The article considers the impact of public debt on the financial security of Ukraine. The views of scientists on the essence of public debt and financial security of the state are substantiated. An analysis of the dynamics and structure of public debt of Ukraine for 2014-2019. It is proved that one of the main criteria for economic development is the size of public debt and its dynamics. State budget deficit, attracting and using loans to cover it have led to the formation and significant growth of public debt in Ukraine. The volume of public debt indicates an increase in the debt security of the state, which is a component of financial security. Therefore, the issue of the impact of public debt on the financial security of Ukraine is becoming increasingly relevant. The constant growth and large amounts of debt make it necessary to study it, which will have a positive impact on economic processes that will ensure the stability of the financial system and enhance its security.

Influence of internal and external risks on sustainability of financial system of Аltai krai

2018 ◽  
Vol 35 (4) ◽  
pp. 133-136
Author(s):  
R. N. Ibragimov
Keyword(s):  
Sustainable Development ◽  
Financial Stability ◽  
Management Strategy ◽  
Financial System ◽  
Risk Management Strategy ◽  
The Sustainable Development ◽  
The Stability ◽  
The Impact

The article examines the impact of internal and external risks on the stability of the financial system of the Altai Territory. Classification of internal and external risks of decline, affecting the sustainable development of the financial system, is presented. A risk management strategy is proposed that will allow monitoring of risks, thereby these measures will help reduce the loss of financial stability and ensure the long-term development of the economy of the region.

Does Public Debt Service Expenditure Crowd-Out Economic Growth? Empirical Evidence from an African Developing Country

2019 ◽  
Vol 64 (3) ◽  
pp. 23-38
Author(s):  
Talknice Saungweme ◽  
Nicholas M. Odhiambo
Keyword(s):  
Economic Growth ◽  
Public Debt ◽  
Time Series Data ◽  
Policy Formulation ◽  
Debt Service ◽  
Series Data ◽  
Long Run ◽  
Short Run ◽  
The Impact

Abstract This paper contributes to the ongoing debate on the impact of public debt service on economic growth; and it provides an evidence-based approach to public policy formulation in Zimbabwe. The empirical analysis was performed by applying the autoregressive distributed lag (ARDL) technique to annual time-series data from 1970 to 2017. The study findings reveal that the impact of public debt service on economic growth in Zimbabwe is negative in the short run but positive in the long run. The results are suggestive of the existence of a crowding-out effect of public debt service in Zimbabwe in the short run and a crowding-in effect in the long run. In view of these findings, the government should consider fiscal and financial policies that promote a constant supply of long-term finance, long-term fixed investments, and extension of a government securities maturity structure so as to ensure sustainable short- and long-term public debt service expenditures. The study further recommends the strengthening of non-distortionary revenue mobilisation reforms to reduce market distortions and boost domestic investment.

scholarly journals Sustainable Financing for Sustainable Development: Understanding the Interrelations between Public Investment and Sovereign Debt

2018 ◽  
Vol 10 (11) ◽  
pp. 3901 ◽  
Author(s):  
Ibrahim Ari ◽  
Muammer Koc
Keyword(s):  
Sustainable Development ◽  
Public Debt ◽  
Sovereign Debt ◽  
Financial Models ◽  
Public Investment ◽  
The United States ◽  
Evidence Based ◽  
Public Infrastructure ◽  
Quantitative Evidence ◽  
Sustainable Financing

This study investigates the causal relationship between public investment and sovereign debt (i.e., external and domestic public debt) with respect to the limits of public-debt sustainability for four countries with the highest GDP (i.e., the United States, China, Japan, Germany) during the period of 2000–2015. In summary, this study establishes quantitative evidence based on empirical findings to support the claim that sovereign debt is harmful to the financing of public infrastructure if it breaches certain thresholds, as proposed in this study, and according to the literature. By this approach, the findings enable us to make recommendations about the need for mobilizing domestic resources and innovating new financial models to promote sustainable development within the limits of sustainable public debt. In short, this paper concludes that performing a project for sustainable development by implementing unsustainable financing models will always end up with unsustainable economic outcomes.

CHOICE OF LOCATION, GROWTH AND WELFARE WITH UNEQUAL POLLUTION EXPOSURES

2014 ◽  
Vol 19 (Supplement_1) ◽  
pp. S58-S82 ◽  
Author(s):  
Hoang Khac Lich ◽  
Frédéric Tournemaine
Keyword(s):  
Environmental Quality ◽  
Capital Accumulation ◽  
Main Idea ◽  
Human Capital Accumulation ◽  
Lower Growth ◽  
Endogenous Growth Model ◽  
The Impact ◽  
Geographical Locations ◽  
General Individuals

We develop an endogenous growth model with human capital accumulation in which firms are polluting and heterogeneous individuals must decide, among other things, where to live. The main idea is that pollution is unequally spread across geographical locations, inducing a trade-off for individuals between environmental quality and leisure. In such economy, we show that a better environmental quality and/or a greater degree of inequality lead individuals to favour cleaner locations which, in turn, boosts long-term growth. Welfare-wise, we find that, in general, individuals prefer a greater level of consumption and leisure but lower growth and environmental quality than those which are possible to achieve. Moreover, we show that the sign of the impact of inequality on environmental quality is likely to be negative.

scholarly journals The Risk of Long-Term Financing of Public Investments

2019 ◽  
Vol 2 (2) ◽  
pp. 42
Author(s):  
Krzysztof Jarosiński ◽  
Benedykt Opałka
Keyword(s):  
Public Debt ◽  
Negative Impact ◽  
Capital Expenditure ◽  
Public Investment ◽  
Point Of View ◽  
Risk Category ◽  
Investment Projects ◽  
The Public ◽  
Public Investments ◽  
The Impact

The risk of financing of public investments is a phenomenon that accompanies development processes in a permanent manner. Investments in the public sector are generally characterized by relatively long implementation cycles and involve significant capital expenditure and the necessity of often parallel running a large number of investment projects. In the processes of this type of investment a specific risk category of financing of this type of investment is quite often taken into account, given that such projects are financed mainly from budgetary resources: the state budget and self-government budgets. Economic practice indicates an importance of the proper selection of the method of the financing of new investments and taking into account new funds from various sources. This situation is often the result of a shortage of budgetary resources from which public investments could be financed. There may be difficulties in financing investments resulting from the emergence of a risk of budgetary deficit and the public debt. This risk may have a negative impact on investment decisions and may adversely affect the future course of ongoing investment projects. The purpose of the paper is to undertake studies on the conditions of financing investments from the point of view of the possibility of budget deficit and public debt and the impact of changes in the financial situation on the overall level of risk of public investment. The text is an invitation to undertake a broader discussion on financing public investments in conditions of limited public financial resources.

scholarly journals Calculation of Impact of Construction Investment to the Public Infrastructure

2017 ◽  
Vol 17 (1) ◽  
pp. 31-36
Author(s):  
Martin Ferko ◽  
Jan Česelský ◽  
Zbyněk Proske
Keyword(s):  
Decision Making ◽  
Computational Model ◽  
Public Administration ◽  
Public Investment ◽  
Land Development ◽  
Public Infrastructure ◽  
The Public ◽  
New Construction ◽  
Community Facilities ◽  
The Impact

Abstract The paper shortly introduces and describes a computational model that illustrates the impact of land development construction investment in the form of creating new needs for public infrastructure and community facilities in the territory. New construction investment may also initiate other construction investment, which also increases the demands on ensuring the capacity of public infrastructure. For public administration (local and regional), the created model can facilitate preparation, decision-making and management of public investment in the territory while respecting the 3E principle.

scholarly journals Short-Term Impact of Multi-Cropping on Some Soil Physical Properties and Respiration

Agronomy ◽  
2022 ◽  
Vol 12 (1) ◽  
pp. 141
Author(s):  
Kęstutis Romaneckas ◽  
Jovita Balandaitė ◽  
Aušra Sinkevičienė ◽  
Rasa Kimbirauskienė ◽  
Algirdas Jasinskas ◽  
...  
Keyword(s):  
Cropping Systems ◽  
Crop Protection ◽  
Cropping Intensity ◽  
Gas Concentration ◽  
Structural Composition ◽  
Top Soil ◽  
The Stability ◽  
Micro Structures ◽  
The Impact

Growing as much crop biomass as possible in the shortest possible time is the target for most bio-energy producers. However, according to the requirements of the Green Deal, the consumption of fertilizers and crop protection products will have to be significantly reduced between 2023 and 2027. In order to meet all the necessary conditions for the production of biomass, a stationary field experiment was carried out at the Experimental Station of Vytautas Magnus University, Lithuania, in 2020–2021. Multi-cultivations of maize, hemp and faba bean were investigated. The aim of this study was to ascertain the impact of multi-cropping intensity on soil structural composition, stability, penetration resistance and gas concentration–respiration. As expected, multi-cropping stabilized the gas concentration and emission from the soil and decreased the proportion of micro-structures in the top soil layers. However, the stability of the soil decreased in all the experimental plots. Gas concentration and respiration mainly depended on soil structural composition, temperature and moisture content. The results of the experiment suggest performing investigations at a long-term scale because the intensive variation of meteorological conditions had a higher impact on the soil properties than the multi-cropping systems.

Sign in / Sign up

Export Citation Format

Share Document