Public deficits and economic growth

Public Deficits and Economic Growth

Within the discussion on how to implement fiscal discipline in the European Monetary Union, the adequacy of using the same fiscal rules for different MemberCountries has been challenged by some authors, calling for a temporary higher degree of fiscal flexibility in the case of small and less developed countries. We develop a model of a monetary union between two countries that may differ in (i)...

Economic Objectives, Public-Sector Deficits and Macroeconomic

A fundamental macroeconomic problem in Zimbabwe is that the sum of public-sector projects is greater than the resources available to finance them. The government’s difficulty in discerning the macroeconomic limitations on new initiatives was greatly increased by the unusual circumstances of the first two years: a commodity boom; promises of more aid than eventually arrived; expectations of a pe...

an investigation about the relationship between insurance lines and economic growth; the case study of iran

مطالعات قبلی بازار بیمه را به صورت کلی در نظر می گرفتند اما در این مطالعه صنعت بیمه به عنوان متغیر مستفل به بیمه های زندگی و غیر زندگی شکسته شده و هم چنین بیمه های زندگی به رشته های مختلف بیمه ای که در بازار بیمه ایران سهم قابل توجهی دارند تقسیم میشود. با استفاده از روشهای اقتصاد سنجی داده های برای دوره های 48-89 از مراکز ملی داده جمع آوری شد سپس با تخمین مدل خود بازگشتی برداری همراه با تعدادی ...

Public Policy, Human Instincts, and Economic Growth

Public Debt, Corruption and Sustainable Economic Growth

There are many studies that look into the relationship between public debt and economic growth. It is hard to find, however, research addressing the role of corruption between these two variables. Noticing this vacancy in current literature, we strive to investigate the effect of corruption on the relationship between public debt and economic growth. For this purpose, the pooled ordinary least ...