Size of government and economic growth: A nonlinear analysis

Herath, Shanaka

doi:10.2298/eka1294007h

Cited by 24 publications

(16 citation statements)

References 35 publications

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“…In contrast, a positive contribution of public spending to economic growth has also been found in other studies [38]. Meanwhile, a few studies have found public spending to have non-linear effects on economic growth [39]. Interpreting the results of a mixed test, Gemmell et al [24] point out the role of budget constraints in the relationship between public spending and economic growth.…”

Section: Literature Reviewmentioning

confidence: 91%

The Balanced Energy Mix for Achieving Environmental and Economic Goals in the Long Run

2020

Energies

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In this paper, we seek to find a balanced structure of energy sources that can simultaneously achieve two essential goals: (i) the environmental (degradation) goal and (ii) the economic (growth) goal. This study combines quantitative and qualitative methods to estimate and then rank each of the energy sources (including coal, gas, oil, hydropower, and renewable energy) to achieve the above two goals. This paper uses the weighted scoring method, the most popular method in multi-criteria decision-making techniques, to combine the rankings using five energy sources and two goals from panel data of 28 countries from Organization for Economic Co-operation and Development (OECD) countries for the period 1980–2017. Techniques for estimating the mean group long-run effect, including fully modified ordinary least squares (FMOLS) and dynamic ordinary least squares (DOLS), are used. The empirical findings of this paper reveal that, in the long term, in achieving both environmental goals and economic goals, the OECD countries should consider adopting a balanced energy mix in which the following structure is preferred: (i) hydropower, (ii) renewables and (iii) fossil fuels (oil, gas, coal).

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Section: Literature Reviewmentioning

confidence: 91%

The Balanced Energy Mix for Achieving Environmental and Economic Goals in the Long Run

2020

Energies

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“…An experimental study, by16 procurement practitioners in local government in England, shows that failure to save costs is a matter of uneconomical MFM principles (Preuss, 2007). Herath (2012) echoes the sentiment that failure of local government to control finances is directly related to the inefficiencies of MFM. These authors state that spending by local government has a significant relationship with MFM.…”

Section: Objectivesmentioning

confidence: 95%

Perceived Effectiveness of Municipal Financial Management on the Performance of Inventory Stock Management in Local Government of South Africa

Nzuza¹

2014

JEBS

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This paper reports on the perceived effectiveness of municipal financial management (MFM), on the performance of inventory stock management, by South African local government. The study aimed to evaluate and discuss various factors affecting the effectiveness of MFM on the performance of inventory stock management, in a local municipal government of South Africa, with specific reference to the Kwa-Zulu Natal (KZN) Province. The MFM Act was used as a theoretical framework for the study, and a quantitative research method was applied. The questionnaire was formulated based on information obtained from the literature, and was distributed to only one KZN local government department. The sample consisted of 57 respondents, selected using a census sampling method. The results indicate that there is significant relationships between experience and performance of inventory stock management (p=.003a,b*), experience and effectiveness/efficiency of MFM (p=.000a,b*),as well as experience and the economic viability of MFM (p=.000b,c*).Interestingly, the respondents also indicated that, although there is good inventory stock management, there is a weak relationship between the effectiveness/efficiency, economic viability, and transparency of MFM. This study recommends that further research should aim to advance financial management skills in South African local government, in order to build financial management capacity to deal with inventory stock management issues. This should enable communication with other related structures and improve the understanding of each other's efforts in the organization.Keywords: Municipal financial management (MFM), effectiveness, economically, transparency, inventory stock management  To identify factors and examine to what extent these factors influence the effectiveness of MFM on the performance of inventory stock management in KZN local government.

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“…Sri Lanka ekonomisinde optimal kamu harcamaları büyüklüğü yaklaşık %27' dir. Herath (2010Herath ( , 2012' ın çalışmalarını diğer çalışmalardan ayıran belirgin özellik diğer çalışmaların aksine Herath' ın uzun dönem serilerini kullanmasıdır. Herath (2010)…”

Section: Introductionunclassified

Türki̇ye Ekonomi̇si̇nde Armey Eğri̇si̇ Geçerli̇ Mi̇di̇r?

Yamak¹,

Erdem²

2018

Uluslararası İktisadi Ve İdari İncelemeler Dergisi

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Ö z Armey (1995)' e göre ekonomik büyüme ile kamu kesimi büyüklüğü arasında ikinci dereden fonksiyonel bir ilişki söz konusudur. Literatürde bu ilişki Armey eğrisi olarak isimlendirilir. Armey eğrisi iki değişken arasındaki ilişkinin ters U şeklinde olduğunu varsayar ve optimal kamu kesimi büyüklüğü ne olmalıdır sorusuyla ilgilenir. Armey eğrisine göre, bir ekonomide kamu kesiminin büyüklüğü optimal olduğunda ekonomik büyüme maksimum değerini alır. Bu çalışmada 1998-2016 dönemi için Türkiye ekonomisinde Armey eğrisinin geçerli olup olmadığı incelenmiştir. Çalışmada ARDL sınır testi yaklaşımı uygulanmış ve Armey eğrisinin geçerliliği uzun dönem serileri kullanılarak test edilmiştir. Uzun dönem seriler Hodrick-Prescott yöntemi ile elde edilmiştir. Çalışmada sonuç olarak, Türkiye ekonomisinde Armey eğrisinin geçerli olduğu belirlenmiştir. Böylece uzun dönem ekonomik büyüme ve uzun dönem kamu kesimi büyüklüğü arasındaki ilişkinin doğrusal olmayan, ikinci dereceden fonksiyonel bir ilişki olduğu söylenebilir.

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Size of government and economic growth: A nonlinear analysis

Cited by 24 publications

References 35 publications

The Balanced Energy Mix for Achieving Environmental and Economic Goals in the Long Run

The Balanced Energy Mix for Achieving Environmental and Economic Goals in the Long Run

Perceived Effectiveness of Municipal Financial Management on the Performance of Inventory Stock Management in Local Government of South Africa

Türki̇ye Ekonomi̇si̇nde Armey Eğri̇si̇ Geçerli̇ Mi̇di̇r?

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