RAVELA CUBOS June 28, 2011 THEORIES OF EXPENDITURE GROWTH Three prominent theories that used the time-pattern of expenditure in the long-run to explain the expansion of the public sector are discuss in this chapter. Although this theories were formulated based on the experience of the now developed countries, the general idea of government expansion and the underlying concepts provide some explanations as to the pattern and growth of our government. Adolph Wagner a 19th century German
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Abstract This paper would discuss the effect of external debt on economic growth with four areas, the effect on private local investment, foreign direct investment, government expenditure and export growth. Three theoretical models are adopted, namely Debt Overhang Theory, Liquidity Constraint Hypothesis and Crowding-out Effect respectively. Two policy implications on debt relief and debt restructuring are analyzed. And finally, the paper will include the discussion on the necessary tradeoff with
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2 Issue 7, July 2012, ISSN 2249 8826 Online available at http://zenithresearch.org.in/ ROLE OF INSURANCE IN ECONOMIC DEVELOPMENT OF INDIA MONALISA GHOSAL* ABSTRACT The economic development of India was dominated by socialist –influenced policies, stateowner sector, and red tape and extensive regulations, collectively known as ‘License Raj’. The Indian economic development got a boost through its Economic reforms in 1991 and again through its renewal in the 2000. Insurance serves a number of
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the services and manufacturing sectors (Malaysia Factbook 2014). 2.0 Malaysia Economic Growth Rate Table of Malaysia GDP Growth (Annual %) from year 2003-2012 Year | GDP Growth (Annual %) | 2003 | 6 | 2004 | 7 | 2005 | 5 | 2006 | 6 | 2007 | 6 | 2008 | 5 | 2009 | -2 | 2010 | 7 | 2011 | 5 | 2012 | 6 | Sources: The World Bank Group 2014a Line chart of Malaysia GDP Growth (Annual %) from year 2003-2012 Sources: The World Bank Group 2014a The x-axis of the line
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scale Enterprise (SME) are recognized worldwide as engines of economic growth. The commonly perceived merits often emphasized for their promotion especially in the developing countries like Bangladesh include their relatively high labor intensity, dependence on indigenous skills and technology, contributions to entrepreneurship development and innovativeness and growth of industrial linkages. The case for fostering SME growth in Bangladesh is irrefutable as these industries offer bright prospects
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3 Life after Burnham: Economic revival and the obstacles to sustainable development Investigating the factors that have led to significant underdevelopment in Guyana, what practical solutions can be suggested to help improve the economic and political performance of this state? Burnham’s death whilst undergoing throat surgery in 1985 brought a natural end to the PNC’s cooperative socialist regime; a regime that caused two decades of extreme terror and suffering to all in Guyana, as explored
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2 Issue 4, April 2014 Effects of Micro-Financing on Growth of Small and Micro Enterprises in Mombasa County Veronica W. Ngugi1, Dr F. Kerongo2 1 Jomo Kenyatta University of Agriculture and Technology (JKUAT), Kenya, Department of Economics and Commerce, School of Human Resource Development 2 Jomo Kenyatta University of Agriculture and Technology (JKUAT), Kenya, Department of Economics and Commerce, School of Human Resource Development loans to finance their business operations. The fundamental
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studied for this assignment is the Human Development Report of 2013 . It was prepared and published by the United Nation Development Programme. This report’s subject is The Rise of the South:Human Progress in a Diverse World. Human development reports by the UNDP are published annually.They mark the progress of the development of the countries. A1)Synopsis of the report: The HDR 2013 UNDP report discusses various factors and their consequences on the development of the south mainly those which reduced
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Scientific Experiment: Growth Rate of Mealworms xxxxxx xxxxxx xxxxxxxx Integrated Natural Science Applications Problem Statement The growth of organisms is influenced by proper rearing conditions determined by temperature, light, air, and moisture (Lawson, 2001). However, literature indicates that mealworms are unlike most organisms as they are the second phase of development of the beetle. The beetle is an insect with grows and develops in four stages to reach complete metamorphosis
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EC2B02U DEVELOPMENT AND ENVIRONMENTAL ECONOMICS 1. a) b) c) What is a paradigm? It is a diagram of development. It is the way development takes place. It is a thinking model providing a holistic picture of a process involving a network of interrelationships. 2. a) b) c) Paradigm thinking is necessary to avoid dealing with isolated factors of development help analyzing cause and effect of phenomena identify urgent action 3. Economic growth is not a sufficient condition
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