Fiscal Deficit-Economic Growth Nexus in India: A Cointegration analysis Ranjan Kumar Mohanty1 Abstract The basic aim of the study is to examine both the short run and long run relationship between fiscal deficit and economic growth in India by covering the time period from 1970-71 to 201112. Johansen Cointegration test‚ Granger Causality test‚ And Vector Error correction Model (VECM) technique are adopted in order to examine the objectives of this study. The Johansen methodology confirms the existence
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Journal of Public Economics 74 (1999) 171–190 www.elsevier.nl / locate / econbase Fiscal policy and growth: evidence from OECD countries Richard Kneller a ‚ Michael F. Bleaney b ‚ *‚ Norman Gemmell b a b National Institute for Economic and Social Research‚ London‚ UK School of Economics‚ University of Nottingham‚ Nottingham‚ UK Received 1 October 1998; received in revised form 1 December 1998; accepted 1 December 1998 Abstract Is the evidence consistent with the predictions of endogenous
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United States Deficit‚ Surplus‚ and Debt ECO/372 United States Deficit‚ Surplus‚ and Debt In the United States‚ the deficit‚ surplus‚ and debt of the nation have an effect on many aspects of the nation’s economy. Taxpayers carry heavy burdens‚ both today and in the future‚ to support the economy as it recovers from a recession. Future Social Security and Medicare users face uncertainty and possible poverty as current negative cash-flow eats away at the integrity of future Social Security
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Note: Teaching Case 2 Edward Marshall Boehm‚ Inc. Case Objectives 1. To provide an introduction to the conceptual framework of strategic management. 2. To introduce students to the process of problem identification and potential solution analysis that will be used in case discussions throughout the semester. See the table below to determine where to use this case: Chapter Use 1: Strategy Concept 2: External Environment 3: Internal Analysis 4: Intellectual Assets 5: Business Level Strategy 6: Corporate-Level
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Case Study #1 How Kristin Died The case study “How Kristin Died” exhibits the obvious problems that come from neglect of the bureaucratic system and what types of tragedy can occur‚ as a result. This particular case ended with the murder of Kristin Lardner and negatively altered the lives of many people involved. However‚ when the information about the murderer‚ Michael Cartier‚ is presented in a timeline‚ it is obvious that if the bureaucratic systems involved would have take more precautions
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Fiscal policy in Malaysia 1. Background In the 1970s‚ the Malaysian government played a key role in the economy. The government ventured beyond its traditional functions and took on a more direct and active role in the country’s overall social and economic development process. This period saw the government’s direct participation in the private sector through the establishment of large commercial enterprises. Government participation in the economy expanded further in 1980-82 as it pursued
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What is Fiscal Policy? One of the features that helps identify the economic direction of a country is fiscal policy. The government utilizes fiscal policy to control the economy through adjustment in spending levels and revenue. According to the theories of John Maynard Keynes‚ the British economist in regard fiscal policy‚ the decreasing or increasing expenditures (spending) and revenue (taxes) levels influences employment‚ inflation and the flow of money into the economic system. Fiscal policy
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have been implemented to worsen when inflation does not fall within the healthy range. There are 2 policies to manage inflation rate which is the monetary and the fiscal policy. These 2 policies are good complements and are able to effectively have direct control of the economy as the monetary policy controls the supply of money and fiscal policy controls and affects the demand placed on the goods and services. 1. Monetary Policy Singapore’s central bank which is the Monetary Authority of Singapore
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TOPIC AN INQUIRY INTO THE PERPETUAL FISCAL DEFICIT IN ZIMBABWE. IS TAXATION THE SOLUTION 1.1 Background Zimbabwe‚ once a vibrant and diversified economy and hope for Africa’s future‚ was on the verge of collapse had it not been for the introduction of the multi-currency system after the formation of the inclusive government. It has had a perpetual fiscal deficit post 1990 accompanied by high inflation‚ negative economic growth‚ high unemployment and a reduction in the standard of living as
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allocation formula‚ each of which is more remembered for the controversies it generated than issues settled” FISCAL FEDERALISM AND REVENUE ALLOCATION FISCAL FEDERALISM Fiscal federalism refers to the scope and structure of the tiers of government responsibilities and functions as well as the allocation of resources among the tiers of government. Perhaps the most important issue of fiscal federalism is the revenue allocation formula‚ the sharing of national revenue among the various tiers of
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