Empirical results through a fixed effects regression model show that government size has a negative effect on growth mainly through hampering capital accumulation. When a sample is divided into OECD and non-OECD countries, the negative effect of government size on capital accumulation persists for non-OECD countries but not for OECD countries.

This paper develops and simulates a dynamic general equilibrium macroeconomic model to analyze the likely impact of oil production and revenue rehabilitation on the Libyan economy, under different government fiscal policy responses. The model is ideally appropriate to analyze macroeconomic issues in oil-producing developing countries. In particular, it is capable of incorporating alternative go...

In the process of transformation supervision competitive state-owned enterprises, problems that there is a blind spot in object, lack joint forces supervisory bodies, links process, and difficulty appraising results have appeared enterprises. Based on above issues, this paper designs enterprises,including coordinating objects through governance assessment, linking entities function coordination...

The 9/11 attack, the SARS epidemic, Katrina and score of other natural and men‐made disruptions have increased companies’ awareness of the need for active risk management. Governments in the West also realized that more than 85% of the infrastructure in their countries is owned and/or operated by the private sector. At the very least this meant that they had to better understand how resilient a...

Until recently, changes in the governance of publicly-owned enterprises could be seen as a move along a spectrum which led inevitably to privatisation. The general rejection of privatisation as a policy, and increasing demands for systems of corporate governance that take account of social interests broader than those encompassed in the maximisation of shareholder value subject to legal and reg...

The emerging information-based economy requires an educated and skilled labor force. Unfortunately this caliber of human resource is insufficient in South Africa. This is in part due to the historical experience of the apartheid educational system, which stifled human capital development among generations of South Africans. Despite commendable efforts of the government to meet the increasing de...

Households in this model consume goods, supply labor, hold money, and save through both bonds and capital (the households own the capital stock). The household block is a little different from how we’ve been working thus far. We assume that there is variable utilization of capital, ut. We assume that the household chooses ut and then leases capital services, k̂t = utkt to the firms, who in turn ...

Despite repeated commitments by successive governments in Indonesia to divestment of state-owned enterprises, little has occurred. There has been considerable experimentation with a different kind of privatisation, however, involving reforms that opened up markets previously dominated by state firms to the private sector. The spectacular failure of some of these experiments has weakened the app...