Download or read book The Effects of Government Expenditures and Revenues on the Economy and Economic Well being written by Thomas L. Hungerford and published by . This book was released on 2006 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The FY2006 budget resolution (H. Con. Res. 95) required that mandatory spending be reduced by $35 billion and revenues be reduced by no more than $70 billion over the next five years. Congress passed and the President signed a reconciliation bill (P.L. 109-171) to reduce mandatory spending by $39 billion between FY2006 and FY2010. A revenue reduction reconciliation bill (H.R. 4297) has not been enacted as of the date of this report. Many argue that tax and spending reductions will stimulate economic growth, whereas many others argue that tax cuts will lead to a larger deficit with adverse economic effects and that spending cuts will reduce critical government services. This report examines the effects of government spending and taxation on economic growth and economic well-being by comparing the United States with 20 other industrial Organization for Economic Cooperation and Development (OECD) countries."--Page 2.
Download or read book Effects of Government Expenditures and Revenues on the Economy and Economic Well Being written by Hungerford and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Distributional Effects of Government Spending and Taxation written by D. Papadimitriou and published by Springer. This book was released on 2006-05-26 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the distributional consequences of the public sector and examines and documents, theoretically and empirically, the effects of government spending and taxation on personal distribution, and includes chapters investigating the relationship between the public sector and functional distribution of national income.
Download or read book Government Spending Taxes and Economic Growth written by Mr.Paul Cashin and published by International Monetary Fund. This book was released on 1994-08-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops an endogenous growth model of the influence of public investment, public transfers, and distortionary taxation on the rate of economic growth. The growth-enhancing effects of investment in public capital and transfer payments are modeled, as is the growth-inhibiting influence of the levying of distortionary taxes which are used to fund such expenditure. The theoretical implications of the model are then tested with data from 23 developed countries between 1971 and 1988, and time series cross sectional results are obtained which support the proposed influence of the public finance variables on economic growth.
Download or read book The Causes of Government and the Consequences for Growth and Well being written by Simon Commander and published by World Bank Publications. This book was released on 1999 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: June 1997 A range of factors drive size of government: relative prices, the age-dependency ratio, how long a country has been independent, relative political freedom, and openness in trade. Larger governments tend to limit growth, but that tendency can be offset by well-functioning institutions and high-quality bureaucracy. Size of government is not the only issue that matters. Using a large cross-country data set, Commander, Davoodi, and Lee examine the factors that cause governments to grow and analyze how the size of government affects growth, whether measured as income growth or other measures of well-being, such as infant mortality and life expectancy. They find no robust link between government size and per capita income. The factors they find to be important in explaining government size are relative prices, the age-dependency ratio, how long a country has been independent, relative political freedom, and openness in trade. Their results also partially support the view that governments use consumption to buffer external risk, especially in low-income countries. As for how government size affects growth, they find a robust and significant negative relationship between growth and government size, as measured by consumption. Policy distortions, predictably, also have a negative effect on growth. But the positive effects of well-functioning institutions and high quality in government bureaucracies can offset the negative influence of large government size alone. Finally, they find that social-sector spending can exert a positive influence by reducing infant mortality and raising life expectancy. Better income distribution, higher per capita income, higher per capita income growth, and more political freedom have the same positive effect on those two measures of well-being. This paper - a joint product of the Office of the Senior Vice President, Development Economics and Chief Economist, and New Products and Outreach Division, Economic Development Institute - was prepared as a background paper for World Development Report 1997 on the role of the state in a changing world.
Download or read book The Impact of Fiscal Policy Variables on Output Growth written by Mr.Philip R. Gerson and published by International Monetary Fund. This book was released on 1998-01-01 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper surveys the theoretical and empirical literature on the relationship between taxation and public expenditure and economic growth. Particular attention is paid to the effect of taxation and government expenditure on the supply and productivity of labor and physical capital. Studies suggest that well-targeted government expenditures on health, education, and infrastructure should have a positive impact on growth. By contrast, the impact of taxation on the supplies of labor and capital, and on output growth, is more muted.
Download or read book The Role of the State in Economic Development Do Government Expenditures Promote Growth in Developing Countries written by David Schmengler and published by GRIN Verlag. This book was released on 2020-09-03 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2018 in the subject Economics - Economic Cycle and Growth, grade: 7, University of Groningen (Faculty of Economics and Business), language: English, abstract: This paper examines the role of the state in economic development. In particular, we test the impact of aggregated and sectoral government expenditures on economic performance in developing countries. Our findings suggest that total government expenditures are negatively related to economic development in both low income and middle income developing countries. However, we find particular evidence that government expenditures prove to be more beneficial for growth when a country is characterized by a well-functional institutional design. In contrast to previous studies, we do not find positive and significant results for sectoral government expenditures. In fact, our findings suggest that transport and communication, defense and health expenditures are negatively related to economic development. At the same time, public and private investments appear to be positively related to economic development throughout our analysis. Therefore, we conclude that – instead of government expenditures – stimulating investments and institutional reforms should play a major part on the political agenda of developing countries.
Download or read book Economic Impact of Government Spending written by Richard K. Vedder and published by . This book was released on 1993 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Effects of the Government Budget written by Elhanan Helpman and published by MIT Press (MA). This book was released on 1988 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: The original contributions in this book analyze all of the budget's components expenditures, revenues, the deficit - with a special emphasis on issues that have assumed increasing importance over the last decade or so, such as intergenerational transfers of debt and declines in corporate tax revenues.
Download or read book Economic Crisis Health Systems and Health in Europe written by Sarah Thomson and published by Open University Press. This book was released on 2015-07 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic shocks pose a threat to health and health system performance by increasing people's need for health care and making access to care more difficult - a situation compounded by cuts in public spending on health and other social services. But these negative effects can be avoided by timely public policy action. While important public policy levers lie outside the health sector, in the hands of those responsible for fiscal policy and social protection, the health system response is critical. This book looks at how health systems in Europe reacted to pressure created by the financial and economic crisis that began in 2008. Drawing on the experience of over 45 countries, the authors:' analyse health system responses to the crisis in three policy areas: public funding for the health system; health coverage; and health service planning, purchasing and delivery 'assess the impact of these responses on health systems and population health' identify policies most likely to sustain the performance of health systems facing financial pressure' explore the political economy of implementing reforms in a crisisThe book is essential reading for anyone who wants to understand the choices available to policy-makers - and the implications of failing to protect health and health-system performance - in the face of economic and other forms of shock.--
Download or read book The Burden of Government written by Edwin S. Mills and published by Hoover Press Publication. This book was released on 1986 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic analysis of the many roles governments play in contemporary societies.
Download or read book The Growth of Public Expenditure in the United Kingdom written by Alan Peacock and published by Taylor & Francis. This book was released on 2024-09-02 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1961, this book became widely used as a textbook, as an important source of primary data on British government expenditure statistics and as the point of departure for further empirical and analytical studies of the behaviour of governments. The book was recognised as one of the formative influences in the development of a positive theory of government expenditure which sought to explain the size and structure of the system of public finance rather than justify it
Download or read book Advances in Public Economics written by Robin Boadway and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 173 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study of public economics has undergone dramatic changes in the past two decades. Major developments in economic theory have revolutionized the subject and have changed the way we view the role of government. The constraints of information and institutions have called into question the ability of the government to carry out some of its traditional tasks, but have also led to new instruments and approaches for dealing with the problem of economic policy such as the design of the redistribution and tax system. Understanding the importance of the economic, behavioral and institutional constraints facing government is critical for evaluating policy options. This is ultimately an empirical issue. This book of a symposium on empiricial public finance indicates the richness and diversity of empirical approaches that have been used to shed light on the problems of applied public finance and its application.
Download or read book Unproductive Public Expenditures written by International Monetary Fund and published by International Monetary Fund. This book was released on 2005-04-04 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public expenditure policy, together with efforts to raise revenue,is at the core of efficient and equitable adjustment. Public expenditureproductivity has critical implications for fiscal adjustment, particularly as the competition for limited public resources intensifies.By providing a framework for defining and analyzing public expenditureproductivity and unproductive expenditures, this pamphlet discusseshow economic policymakers may approach these issues.
Download or read book Is Fiscal Policy the Answer written by Blanca Moreno-Dodson and published by World Bank Publications. This book was released on 2012-10 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fiscal policy is an important instrument for maintaining and improving living standards. Such living standards can be viewed as an outcome of the interaction between the opportunities offered by society and the readiness and ability of each person to exploit them. Under certain circumstances, public finance can make an important contribution to the creation of opportunities within a given society by raising resources from the private sector through taxation or borrowing (domestic and external) and allocating those resources effectively and equitably in the form of public spending, including through public goods and transfers. The first chapters in this volume sketch out a framework that policy makers can use in adopting a more cohesive or integrated approach to the short- and long-term dimensions of fiscal policy. Here the traditional threefold rationale for fiscal policy proposed by Musgrave-stabilization, resource allocation, and distribution-continues to be useful. Other chapters in this volume take up some of the critical institutional challenges in implementing fiscal policy for longer-term growth and development. These chapters also look at the tools and approaches being developed to address these challenges. Improving the quality of public investment management is a particular priority in view of the recent evidence that as little as half of all public investment expenditure translates into productive capital stock. The last chapter in this volume is a case study of fiscal responses to the great recession in low-income Sub-Saharan Africa, looking at stabilization and the longer-run growth, as well as distributional aspects of such responses. The growing depth of domestic financial markets in many African countries rather unexpectedly is turning out to be a critical source of financing for fiscal policy responses.
Download or read book Government Spending on the Elderly written by D. Papadimitriou and published by Springer. This book was released on 2007-09-20 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the aging of the US population as a primary domestic public policy issue. An increase in the proportion of the elderly in the total population will potentially result in a significant growth in the number of beneficiaries in major federal entitlement programs, leading to fiscal pressures and challenges for economic growth.
Download or read book Governance Corruption and Economic Performance written by Mr.Sanjeev Gupta and published by International Monetary Fund. This book was released on 2002-09-24 with total page 580 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents 18 IMF research studies on the causes and consequences of corruption, as well as how it can most effectively be combated to improve governance, increase economic growth, and reduce poverty. The authors examine how civil service wages affect corruption, the impact of natural resource availability on corruption, the impact of corruption on a country’s income distribution and incidence of poverty, and the effect of corruption on government expenditures on health and education.
