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The Level Of Development And The Determinants Of Productivity Growth, Habib Ahmed, Stephen M. Miller
The Level Of Development And The Determinants Of Productivity Growth, Habib Ahmed, Stephen M. Miller
Economics Working Papers
We examine the effects of technology on productivity growth by disaggregating total output into sectoral components, exploring the roles of investment and technology on productivity growth for countries in different income groups. We find that for low-income countries, investment is the most important determinant of productivity growth. While investment plays an important role in determining productivity growth in middle-income countries, additional effects resulting from technological change also emerge. Investment ceases to have a significant effect on productivity growth in high-income countries.
Crowding-Out And Crowding-In Effects Of The Components Of Government Expenditure, Habib Ahmed, Stephen M. Miller
Crowding-Out And Crowding-In Effects Of The Components Of Government Expenditure, Habib Ahmed, Stephen M. Miller
Economics Working Papers
We examine the effects of disaggregated government expenditure on investment using fixed- and random-effect methods. Using the government budget constraint, we explore the effects of tax- and debt-financed expenditure for the full sample, and for sub-samples of developed and developing countries. In general, tax-financed government expenditure crowds out more investment than debt-financed expenditure. Expenditure on social security and welfare reduces investment in all samples while expenditure on transport and communication induces private investment in developing countries.