مطالب مرتبط با کلیدواژه

Government size


۱.

Government Size Threshold and Economic Growth in Iran(مقاله علمی وزارت علوم)

کلیدواژه‌ها: economic growth Government size Threshold regression model

حوزه های تخصصی:
تعداد بازدید : ۱۱۷۳ تعداد دانلود : ۶۴۸
We apply the two-sector production function developed by Ram (1986) to estimate the threshold regression model for Iran, concerning the effect of government size on economic growth. Three government size indicators are used to find out the different threshold points. The results show a non-linear relationship of the Armey curve in Iran, in which the threshold effects corresponding to total government expenditure share in GDP, government consumption expenditure share in GDP, and government investment expenditure share in GDP of about 34.7%, 23.6% and 8%, respectively.
۲.

Exports, Government Size and Economic growth: Evidence from Iran as Developing Oil-based Economy(مقاله علمی وزارت علوم)

تعداد بازدید : ۲۹۳ تعداد دانلود : ۳۵۸
This paper investigates the short- run and long-run effects of government size and exports on the economic growth of Iran as a developing oil export based economy for the period of 1974 - 2008 using an autoregressive distributed lags (ARDL) framework. A modified form of Feder (1982) and subsequently Ram’s (1986) model has been applied to include both government size and exports in growth equation. The findings show that in long run and short run the Armey curve (1995) is valid, indicating that both a very big size and a too small size of government are harmful for growth and government should adjust its size. The results also show that total exports, the amount of oil exports in terms of barrels and oil prices affect economic growth positively and significantly both in short-run and long-run. However, non-oil exports do not have a significant effect on growth in the long run
۳.

Investigation of the Factors Affecting Financial Instability in Developing Countries: SGMM Approach(مقاله علمی وزارت علوم)

کلیدواژه‌ها: Financial instability Financial development Financial Liberalization Government size PCA SGMM

حوزه های تخصصی:
تعداد بازدید : ۹۶ تعداد دانلود : ۹۵
Maintaining financial stability has always been one of the most important economic aims. The literature related to financial stability shows the effect of variables like financial development and financial liberalization on financial instability. However, some conflicting results have been reported about the direction of this impact. Accordingly, the purpose of this study is to investigate the effect of various factors on financial instability with an emphasis on the variables of financial development and financial liberalization in developing countries. The financial instability index calculated by the PCA approach and annual observations from 2005 to 2019 is employed. The research model is estimated using the System-GMM. The results indicate that financial development in developing countries has a positive effect on financial instability and exacerbates it due to the lack of correspondence between the goals of policymakers and the realities of financial markets in such countries. Moreover, the positive impact of financial liberalization on financial instability is obtained representing that following fiscal policies implemented in countries with developed financial markets is not working in developing countries. Thus, financial decision-makers in these countries must adopt stabilization policies in accordance with the characteristics of their financial markets. In addition, the results confirm the negative impact of the government size on financial stability in developing countries, emphasizing the reduction of government presence and the development of the private sector in these markets.
۴.

The impact of shadow banking on government size in selected countris(مقاله علمی وزارت علوم)

کلیدواژه‌ها: Shadow Banking Government size PANEL VAR Selected countries

حوزه های تخصصی:
تعداد بازدید : ۸۲ تعداد دانلود : ۸۳
Shadow banking comprises a set of non-bank financial intermediaries such as pension funds, investment funds, insurance companies, and other non-bank financial intermediaries that function similarly to traditional banks in terms of performance but are not supervised by the central bank. Given the expansion of shadow banking activities and its impact on real sectors of the economy, this research aims to investigate the effect of shadow banking on the size of government in selected countries (including two groups of developed and developing countries).Methods: This research was conducted using the Panel Vector Autoregression (VAR) model over the period 2002-2022 in selected countries. Results: The results obtained for the group of developed countries indicate that the expansion of shadow banking assets has not led to an increase in the size of government. However, conversely, according to the research findings for the group of developing countries, there is a positive relationship between shadow banking and the size of government. That is, the expansion of shadow banking assets in the group of developing countries has resulted in an increase in the size of government.Conclusions In this study, the impact of shadow banking on the size of government in selected countries has been examined using the Panel VAR model. The results indicate that the expansion of shadow banking assets in developed countries has not led to an increase in the size of government. However, conversely, in developing countries, the expansion of shadow banking assets has led to an increase in the size of government
۵.

Government Size and Social Capital in Developing Countries; New Empirical Evidence(مقاله علمی وزارت علوم)

کلیدواژه‌ها: Government size Social capital Panel Data Developing Countries

حوزه های تخصصی:
تعداد بازدید : ۳۶ تعداد دانلود : ۳۰
Social capital is one of the most important subjects in development economics. It has a crucial role in development process in developing countries. To the best of our knowledge, there is no study about the importance of government size in social capital. Therefore, the purpose of this paper is considering the relationship between government size and social capital in 109 developing countries during the period of 2008-2014. To do so, we have used a panel data method based on the model of Knack and Keefer (1997). Estimated Results of a fixed effect panel model indicate that there is a non-linear relationship between government size and social capital. When the government size is small (the government size is less than 26.17%), increasing government size has a significant positive impact on social capital. However, when the government size is large (the government size is larger than 26.17%), government size has a significant negative impact on social capital. Before this threshold level of government size, due to preparing safe environment as well as social and economic institutions, ensuring property rights, providing public services as well as social security, building schools and universities, etc., expanding government leads to promoting social capital. But after this threshold level, because of inefficient expenditure, corruption and crowding out private investments in social capital, expanding government has a negative impact on social capital.