Suchergebnisse

Untersuchung der Ergebnisse der Dezentralisierungsmaßnahmen der Regierungen Betancourt und Leoni in Venezuela im Verlauf der 60er Jahre im Hinblick auf die Umschichtung des Haushalts zugunsten der ärmeren Bundesstaaten und dem Ausgleich der Einkommensunterschiede zwischen einzelnen Landesteilen. Erörterung der Ursachen für das Scheitern der regionalen Umverteilung

There has been an international trend towards shifting the provision of public services down to lower levels of government. That decentralization has increased the relative importance of local governments. This paper examines the relationship between spending by those local governments and long-run economic growth. Using a comprehensive data set of all U.S. metropolitan areas, the overall level of local government spending was found to have no significant relationship with economic growth. However, local government investment (capital outlay) and the percent of spending devoted to highways both had a statistically significant positive relationship with growth. Adapted from the source document.

This paper evaluates the effect of shocks in government investment on private investment and national income, focusing on "crowding-in" or "crowding-out" effect in India. Recent studies do not deal with this issue by taking account of the heterogeneous effect of public investment as regards to infrastructure. Hence, I divide government investment into infrastructure vs non-infrastructure. The study uses structural vector auto-regressions (SVAR) and impulseresponse- functions analysis to evaluate the dynamic change in private investment and income. The study finds evidence of the crowding-out effect of government investment, which is mainly due to the non-infrastructure part of government investment. Private investment has a larger effect on income than both types of public investment. The effect on income due to the infrastructure component of public investment is larger than the noninfrastructure component in both the short-term and medium term. However, government investment in non-infrastructure continued to dominate its infrastructure component during the period of this study. Private investment is vital to achieve higher growth in market-led economies and public investment should play a complementary role. Hence, the Indian government should design policies to attract more investment expenditure in infrastructure and other productive activities such as the development of human capital so as to crowd-in private investment.

AbstractIn recent years, public administration scholars have called attention to a blurring of the boundaries between the public and private sectors. However, little attention has been focused on the administration of public programs that seek to impact private markets through direct government investment in private firms. The direct government investment approach is a new tool of government that has been applied in several countries and at multiple levels of government. Through an analytic mix of theory and attention to practice, this article leverages a deep case analysis of the U.S. Department of Energy's Advanced Technology Vehicles Manufacturing Loan Program to propose and utilize criteria for examining justifiable rationales for direct government investment, areas of administrative capacity necessary to manage such investments, and potential pitfalls of this new tool of government.