Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 5 of 5
Full-Text Articles in Business
Government Expenditure, Governance And Economic Growth, Arusha V. Cooray
Government Expenditure, Governance And Economic Growth, Arusha V. Cooray
Faculty of Commerce - Papers (Archive)
This study investigates the role of the government in economic growth by extending the neoclassical production function to incorporate two dimensions of the government - the size and the quality dimensions. The government size- and quality-augmented model, where size is measured by government expenditure and quality by governance, is tested on a cross section of 71 economies. Estimation is also carried out on the sample by income distribution. The empirical results indicate that both the size and quality of the government are important for economic growth. It is argued that investing in the capacity for enhanced governance is a priority …
The Role Of Education In Economic Growth, Arusha V. Cooray
The Role Of Education In Economic Growth, Arusha V. Cooray
Faculty of Commerce - Papers (Archive)
This study examines the effect of the quantity and quality of education on economic growth. Using a number of proxy variables for the quantity and quality of education in a cross section of low and medium income countries, this study finds that education quantity when measured by enrolment ratios, unambiguously influences economic growth. The effect of government expenditure on economic growth is largely indirect through its impact on improved education quality.
Household, Private And Public Savings And Investment, Foreign Capital Inflows And Gdp Growth In India With Structural Breaks 1950-2005, Reetu Verma
Faculty of Commerce - Papers (Archive)
The objective of this paper is to examine the short and the long-run interrelationshipsbetween sectoral savings and investment, foreign capital inflows and their roles in thegrowth process for India for the period 1950 to 2005. This paper uses theAutoregressive Distributed Lag (ARDL) procedure to test for both the long-run andshort-run effects between the eight variables, along with any endogenously detectedstructural breaks. This is in response to shortcomings relating to previous studies whichpredominantly analyse savings and investment aggregates only, over long time periodswhich contain structural changes, using bivariate estimation techniques, which areshort-run in nature. The analysis firstly tests for the short-run …
Financing Growth: New Issues By Australian Firms, 1920-1939, David Merrett, Simon Ville
Financing Growth: New Issues By Australian Firms, 1920-1939, David Merrett, Simon Ville
Faculty of Commerce - Papers (Archive)
An expanding economy, new technologies, and changing consumer preferences provided growth opportunities for firms in interwar Australia. This period saw an increase in the number of large-scale firms in mining, manufacturing, and a wide range of service industries. Firms unable to rely solely on retained earnings to fund expansion turned to the domestic stock exchanges. A new data set of capital raisings constructed from reports of prospectuses published in the financial press forms the basis for the conclusion that many firms used substantial injections of equity finance to augment internally generated sources of funds. That they were able to do …
The Financial Sector And Economic Growth, Arusha V. Cooray
The Financial Sector And Economic Growth, Arusha V. Cooray
Faculty of Commerce - Papers (Archive)
The Mankiw-Romer-Weil (1992) augmented Solow-Swan (Solow 1956; Swan 1956) model is extended to incorporate the financial sector in this study. Distinguishing between financial capital, physical capital and human capital, the research attempts to identify, in particular, the effects of financial capital on economic growth. The effects of financial sector efficiency on economic growth are also examined. The financial sector augmented model is tested on a cross-section of 35 economies. Strong support is found for the model.