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Can corruption favour growth via the composition of government spending?

Ghosh, Sugata; Gregoriou, Andros - In: Economics Bulletin 30 (2010) 3, pp. 2270-2278

spending in the presence of corruption. Although corruption results in a loss of productivity per se, an increase in corruption … in the category of public spending that is harmed relatively more by corruption could have a favourable effect on growth … corruption. …

Persistent link: https://www.econbiz.de/10011278782

Corruption and health expenditure in Italian Regions

Lagravinese, Raffaele; Paradiso, Massimo - In: Economics Bulletin 34 (2014) 3, pp. 1498-1511

In Italy, the corruption is a social phenomenon affecting the health sector. In this paper we show that the impact of … corruption on Italian health expenditure is positive, along with ageing population, technological change and supply factors … inducing demand in pharmaceuticals and hospitalization. Moreover, the empirical analysis shows that corruption affects …

Persistent link: https://www.econbiz.de/10010836204

Exploring the relationship between media and terrorism: a panel study of south asian countries

Nasir, Muhammad; Khan, Aqeel Ahmad; Jalil, Hafiz Hanzla - In: Economics Bulletin 33 (2013) 1, pp. 714-720

This study empirically explores the relationship between terrorism and the media in selected South Asian countries. Using Negative Binomial Regression, the results indicate that freedom of media has actually been used by militants to their benefit in inciting more terrorism in the region. Hence,...

Persistent link: https://www.econbiz.de/10011278533

Optimal fiscal policy with social status and productive government expenditure

Fujisaki, Seiya - In: Economics Bulletin 32 (2012) 1, pp. 960-968

We examine the optimal tax rule in an endogenous growth model with public capital and wealth-enhanced social status. When government expenditure is productive, the equality of marginal productivities of private and public capital holds. Wealth-induced preference can violate this equality, since...

Persistent link: https://www.econbiz.de/10011278772

The effects of public investment smoothing as a stimulus measure on construction industry in Japan

Funashima, Yoshito - In: Economics Bulletin 32 (2012) 3, pp. 1992-2006

Using Japanese macroeconomic data over 1980:Q1-2010:Q1, we estimate their time-varying seasonal components and investigate the impact of public investment smoothing on the construction industry. It is shown that the seasonal fluctuations of public investment had faded away after the collapse of...

Persistent link: https://www.econbiz.de/10011278774

Financial and demographic risks in PAYG pension funds

Melis, Roberta; Trudda, Alessandro - In: Economics Bulletin 32 (2012) 2, pp. 1320-1329

The paper analyzes the financial sustainability of private pay-as-you-go pension funds, focusing on the particular demographic risks affecting these institutions. We propose a model to describe the evolution of these pension funds, including two stochastic variables: â€global asset...

Persistent link: https://www.econbiz.de/10011278875

Causal Link between Central Government Revenue and Expenditure: Evidence for India

Parida, Yashobanta - In: Economics Bulletin 32 (2012) 4, pp. 2808-2816

This paper attempts to analyze the causal relationship between central government revenue and expenditure for India using annual data over the period 1970-2010. The Johansen cointegration test suggests that there is a long-run relationship among the variables. The result from Granger causality...

Persistent link: https://www.econbiz.de/10011278877

Do pro-employment public policies matter?

Raies, Asma - In: Economics Bulletin 32 (2012) 3, pp. 2442-2452

Theoretical and empirical studies addressing the effectiveness issue of the wage subsidy scheme are somewhat non-concluding. This paper attempts to contribute to the recent litterature of the field by studying the effectiveness of wage subsidies and by comparing their consequences with those...

Persistent link: https://www.econbiz.de/10011278883

Econometric Analysis of Fiscal Policy Budget Constraints in Endogenous Growth Models

Tsukuda, Yoshihiko; Miyakoshi, Tatsuyoshi - In: Economics Bulletin 30 (2010) 4, pp. 2884-2894

Kneller et al. (1999) examined the predictions of the public-policy endogenous growth models of Barro (1990) and others that suggest that unlike distortionary taxation and productive expenditures, nondistortionary taxation and nonproductive expenditures have no direct effect on the rate of...

Persistent link: https://www.econbiz.de/10008692042

Public investment, economic stabilization, and regionally discordant business cycles in Japan: Toward an effective fiscal stimulus

Funashima, Yoshito - In: Economics Bulletin 33 (2013) 2, pp. 931-943

This paper examines the cyclicality of Japanese public investment for the prefectural-level business cycles as well as for the aggregate ones. We estimate the public investment reaction function, in which regional business cycles are explicitly discriminated from national business fluctuations...

Persistent link: https://www.econbiz.de/10010835710