วารสารมหาวิทยาลัยราชภัฏยะลา Journal of Yala Rajabhat University 131 Government Expenditure and Economic Growth in ASEAN-5 Economies: an Autoregressive Distributed Lag (ARDL) Approach Hussin Abdullah* Muzafar Shah Habibullah** Siong Hook Law** ABSTRACT In this paper‚ we examine the relationship between components of government expenditure and economic growth in ASEAN-5 using the autoregressive distributed lag (ARDL) approach developed by Pesaran‚ Shin‚ and Smith. Bound testing approaches
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Chapter 1 Aristocracy: A form of government that is ruled by a few amount of people. The term “aristocracy” was coined by Aristotle. Checks and balances: Gives each branch some power over the other two (ex: President can veto legislation passed by Congress; Congress can impeach the President‚ etc.) Collective action problems: Collective action says that in order to achieve things‚ individuals must work together. You can do more together than you can do on your own. Situations in which the members
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2‚ AprIl - June 2012 ISSN : 2230-9519 (Online) | ISSN : 2231-2463 (Print) Government Spending on Road Infrastructure and Its Impact on the Growth of Nigerian Economy 1 Nworji I. D.‚ 2Oluwalaiye O. B Dept. of Accounting‚ Babcock University‚ Ogun State‚ Nigeria Dept. of Economics‚ Banking and Finance‚ Babcock University‚ Ogun State‚ Nigeria 1 2 Abstract The study examined the impact of government spending on road infrastructure development on economic growth in Nigeria for
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Key role of government The government has 6 key roles in employment relations‚ the first one being an economic manager. As an economic manager‚ the government places great emphasis on macroeconomic policies in terms of money supply‚ aggregate demand and fiscal regulations and thereby‚ affecting the operation of labour markets and the utilisation of manpower. The provision of a return to work incentive is an example. In this role‚ the state has taken steps to encourage and promote labour mobility
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Elimination of Merit Systems For many reasons‚ merit based civil service systems have come under assault and yet at the same time have been hailed. Merit systems do however attempt and achieve many important objectives including ensuring that an effective workforce is attracted and maintained by providing protections against arbitrary termination and by attempting to avert politically influenced hiring and promotions. Notwithstanding‚ the way merit systems go about attracting a workforce
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MARKET ECONOMY | PLANNED ECONOMY | * The market economy is not run by a high authority. Instead it is run by many individuals regarding production‚ consumption and work. * The market is free and prices can be of a wide range * The market economy is intended for a middle/upper class. This is because people can earn as much money as they want‚ upper class people don’t have to distribute a profit evenly. * The theory of the market economy is to give people the capability to earn as much
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Competitive Strategies‚ Government policies and Global Competition Guy Hull‚ Samuel Stahlschmidt and Livio Waits ECO/365 Jan 6‚ 2014 Eugene Kaufman Competitive Strategies‚ Government policies and Global Competition Businesses regardless of size or scope of operations need to be aware of changes in the business environment and plan for such changes. The competitive environment facing businesses encompasses all external entities competing for the same goods and services. These external factors
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people who lived in rural areas‚ it had highly serious consequences for the Chinese economic system in short term. The political instability and the zigzags in economic policy produced slower economic growth and a decline in the capacity of the government to deliver goods and services. In addition‚ the Cultural Revolution also left more severe and long-term legacies. Chaotic social and political environments Firstly‚ the ten years of the Cultural Revolution brought China’s education system to
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values. Each of these has a certain way to influence its power. For instance‚ Concrete ways of sharing values include a system of public libraries around the world‚ maintained by the U.S. Department of state‚ to disseminate information on our government‚ economy‚ and popular culture and academic exchange between American and foreign artists and scholars each year. Second goal is to protect our economic security. Even in our dealings with our closest allies‚ economic self interest is almost always
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U.S. GOVERNMENT STRUCTURE: THE CONSTITUTION : MAIN PRINCIPLES Self-government is the most important principle in the Constitution of the United States. The Founding Fathers saw that they needed to have a system which would make sure that everyone had a voice in the local‚ state and national governments. They wanted to have a system that could be changed when necessary. They wrote this system into the Constitution of the United States in 1787. It has lasted more than 200 years‚ through many changes
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