Related items
Showing items related by title, author, creator and subject.
-
Assessing the Impact of Public Spending on Growth : An Empirical Analysis for Seven Fast Growing CountriesThe goal of this paper is to understand better, at the empirical level, how public spending contributes to growth by focusing on both the level and composition of public spending, in connection to the dynamics of GDP per capita growth. It attempts to answer two specific questions: (a) What are the policy conditions under which public spending contributes positively to growth? and (b) What are the public spending components that have a stronger and longer-lasting impact on growth? The analysis is applied to a sample of seven fast-growing developing countries: Korea, Singapore, Malaysia, Thailand, Indonesia, Botswana, and Mauritius, which have been among the top performers in the world in terms of GDP per capita growth during the period (1960-2006). The rationale for this country sample selection is twofold. The first hypothesis is that, given their positive growth achievements over a relatively long time period, perhaps it is more straightforward to establish a link to public spending in those countries. Second, it is expected that the findings of the analysis will provide lessons regarding the level and composition of public spending that can be useful for other countries where growth has been less rapid. Assessing what role public spending has played in a dynamic growth context may indeed be enlightening for other cases as well. The paper is structured as follows. The first section is an introduction that provides relevant facts and information about the seven countries during the period of analysis, based on seven individual country case studies. Section II presents the theoretical background behind the empirical analysis. Section III focuses on the empirical methodology, function specification, and variables selected. Section IV is dedicated to the results obtained with the cross-country analysis and some specific country results, as well as some comparisons with previous findings by other authors. Finally, Section V draws policy implications and concludes.
-
Plurinational State of Bolivia : Agriculture Public Expenditure ReviewAgriculture is one of the most important
 sectors for reducing poverty, improving food security, and
 contributing to the development of Bolivia. There is a need
 for re-organization and re-prioritization of spending within
 the sector before an argument for more resources can be
 made. Recommendations include allocating more resources
 towards agricultural public goods (such as research and
 extension among others) to improve sectoral performance and
 to support a heterogeneous agricultural sector in the
 context of rapid technological change, climate pressures and
 food price volatility. There is a need for resource
 allocations towards research and extension, adherence to
 the types of production systems in the country. Improving
 the balance between current and capital expenditures in
 agriculture is imperative. Within the current component of
 sectoral expenditures, more money should be spent on human
 capital. Prioritization and targeting of public agricultural
 investments is a good starting point for improving sector
 performance. This prioritization within the agricultural
 sector should consider the diversity of production systems
 and agricultural economic units in rural areas. Bolivia
 needs a coordinated monitoring and evaluation system that
 enables the tracking of results of the sector as a whole and
 facilitates the planning of investments. Strong
 recommendations are made to ensure better implementation of
 available resources in agriculture.
-
Leadership and Growth : Commission on Growth and DevelopmentIn May 2008, the commission on growth and development (the growth commission) issued its report entitled 'the growth report'. In it the commission attempted to distill what had been learned in the past two decades, from experience and academic and policy research, about strategies and policies that produced sustained high growth in developing countries. It became clear in the course of the work that politics, leadership, and political economy (the interaction of economic and political forces and choices) were centrally important ingredients in the story. Dealing with the politics and the interaction of political and economic forces is a work in progress in research, an important one. Given this breadth, one of the editors' roles is to focus the reader's attention on what they take to be common issues across these chapters. These common problems are fourfold: (1) promoting national unity; (2) building good, solid institutions; (3) choosing innovative and localized policies; and (4) creating political consensus for long-run policy implementation. This report represent an excellent first step toward understanding the role of leadership in generating economic growth, and the author hope that they generate ideas and lead to new research on the problem of leadership in economic growth.