Journal of Economics Bibliography
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“External Debt, Domestic Investment and Economic Growth in Cameroon” A system Estimation Approach
No full textThe feedback of external debt on economic growth through gross domestic investment has provided quite interesting results throughout the world especially in developing countries where external and internal borrowing have been a tradition. Based on a system estimation approach, using Two Stage Least Squares as an estimation technique in the case of Cameroon for a period of 34 years (1980-2013), the results reveal that while domestic investment increases economic growth, external debt retards economic growth in Cameroon, revealing the influence of debt overhang. It was therefore concluded that external debts adversely affect economic growth in Cameroon and thus, as a major recommendation, the authorities are expected to improve on the performance of external debt through proper debt management, a complete debt relief and using the debt in productive sectors for production of goods and services
[Robust Control and Model Uncertainty], Belirsizlik Modeli ve Sağlamlılık Kontrolü
No full textBelirsizlik Modelive Sağlamlılık Kontrol
Foreign Loans and Development in the Twentieth Century India: An Over View of Conceptual Issues and Implications
No full textAbstract. The flow of foreign loans occupies a critical position in the economic development of the developing and under developed countries. Some writers view it in terms of the “dependency theory”, which states that foreign economic assistance is a tool through which the “center” exploits the “periphery” and so, the latter continues to remain undeveloped. Here, the center is donor and the periphery is the capital-receiving country. Less income levels, resources, inherited poverty, lack of good governance, political instability are some of the reasons for countries to inter into the trap of foreign loans. The article explains various definitions of foreign loans, its varieties and features. It examines into the needs which compels the countries go for foreign loans and also the donors, their characteristics and nature. Further it looks into the implications of foreign loan on the economy, social sector, agriculture, environment and politics of a country.Keywords. Foreign loans, Debt, Development, Economy, Balance of payments, Donors, Social sector, Agriculture, Environment, Politics.JEL. D02, D69, H81, F63
A Synthesis of Empirical Research in the Sustainability of Fiscal Policy
No full textAbstract. In the last twenty years many developed countries have faced significant public deficits, while the ability of government authorities to deal with public deficits has been receiving rising awareness from economists and policy makers. This is an imperative topic, in provisions of economics and public policy, and it is a central subject for the EMU area; hence, they are the main motivations of this paper. Theoretically, equilibrium growth paths have to be supported by adequate fiscal policy. The risk of a default on Greek sovereign debt during the last years has worried the Euro into its first serious crisis and raised the issue of debt sustainability in Europe. There is no universally accepted definition for sustainable fiscal policy. However, economists agree that expanding public debt is not sustainable. Budget policy is constrained by the need to finance the deficit. In this paper we provide a synthesis of empirical research in the validity of the Sustainability of Fiscal Policy of the existing literature for the period 1986-2012. These studies used both time series and panel data sets and empirically examined the Sustainability of fiscal policy for a single country and for a group of countries (multi-country studies). Furthermore, there are studies using data on government expenditure at the provincial or state level. Existing studies in this topic vary in the country selection. They used data for developed, developing countries or group of both, while most of them examined developed or industrial countries. All these studies found different empirical results: support, no support or mixed results.Keywords. Fiscal policy sustainability; Budget deficits; Government debt; cointegration; structural breaks.JEL. E62, H62, H63
Gorana Krstic & Friedrich Schneider (Eds), Formalizing the Shadow Economy in Serbia: Policy Measures and Growth Effects
No full textAbstract. Tax evasion, illicit work and social security fraud are even in Europe widely spread - especially in Eastern and Southern European Countries. Up to an additional one fourth of the official economic activities takes place in the underground. Most governments focus on fighting this deviant behaviour by punitive measures. But empirical data shows in opposition to standard economic theory that this way is expensive, inefficient, and finally unsuccessful. Governments have to change institutions (e.g. tax system) and regulations to reduce incentives for illicit work and tax evasion. An increasing burden of taxation and social security contributions is – as well as regulations and the poor quality of institutions – the driving force for the increase of the shadow economy especially in OECD-countries, as various empirical analyses have shown (e.g. Enste, 2015). For Central and Eastern European countries, multivariate analyses provide evidence for the significant influence of corruption, economic freedom, and the quality of institutions on the size of the shadow economy
Sokoto Rima River Basin Development Authority (SRRBDA) and Rural Development in Sokoto State, Nigeria
No full textAbstract. In spite of the efforts by successive administrations in Nigeria to address the issue of rural development, the rural areas remain backward in terms of development. This study, therefore, attempted to examine the effect of the SRRBDA on rural development in Sokoto State. The data for the study was collected by the use of questionnaire, interview, observations, as well as official records of SRRBDA, textbooks and other published and unpublished materials. The copies of the questionnaire were distributed in eight local government areas involving fifteen villages using purposive sampling and the data collected were analysed using chi-square statistical techniques in order to test the hypothesis. The revealed that the SRRBDA has not significantly enhanced rural development in the host communities through the provision of irrigation facilities and flood control. On the basis of the findings, it was recommended amongst others, that the SRRBDA should be redesigned for effective flood control and resettlement of displaced farmers.Keywords. Rural Development, River basin, Irrigation, Flooding, Poverty, Rural area.JEL. A10, E20, H50, N40, O12
Economics of Qwerty and Fgğıod
No full textAfter summarizing the path dependency concept which began with the article named as “Clio and the Economics of Qwerty” written by Paul David in 1985, I will associate the path dependency with the reasons of why is F keyboard not used widely instead of Q keyboards, even though F keyboards were tried to be mandatory by the state in our country
