Three Essays on Macroeconomic Policy and Endogenous Growth PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Three Essays on Macroeconomic Policy and Endogenous Growth PDF full book. Access full book title Three Essays on Macroeconomic Policy and Endogenous Growth by Sailesh Kumar Jha. Download full books in PDF and EPUB format.
Author: Sailesh Kumar Jha
Publisher:
ISBN:
Category : Macroeconomics
Languages : en
Pages : 318
Get Book Here
Book Description
Author: Sailesh Kumar Jha
Publisher:
ISBN:
Category : Macroeconomics
Languages : en
Pages : 318
Get Book Here
Book Description
Author: Navarat Temsumrit
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
In order to fulfil the requirements for the degree of Doctor of Philosophy in Economics and Finance, at the University of St.Gallen, after the completion of the course-work and research phases, I hereby to provide the cumulative dissertation. The dissertation consists of three essays on macroeconomic policy, development economics and economic growth. The first chapter examines empirically the relationship between the cyclical pattern of fiscal policy in democratic developing countries and their quality of political institutions. This chapter uses updated data to analyse 63 developing countries from 1980 to 2013 and robustly shows that pro-cyclical fiscal policy exist in both democratic and non-democratic developing countries. The main contributions of this chapter are controlling the endogeneity issue by using the instrumental variable method and investigating the interactions between political institutions variables and the cyclicality of fiscal policy. The results suggest that an improvement in the level of institutional quality plays an important role to restrain pro-cyclical fiscal policy. These effects are larger in democratic countries than non-democratic ones. Additionally, the maturity and stability of a democratic regime influence in restraining the implementation of pro-cyclical fiscal policy. The second chapter studies the effects of demographic transition and unfunded pension system in affecting the economic growth of Thailand. The chapter adds the aspect of the informal sector and investments in children's education into the Overlapping Generation (OLG) model. We modify the model to allow individuals heterogeneity in their ages and exogenously assign to work either in the formal or informal sector. The results from our model suggest that the non-contribution pension system or old-age security schemes hinder the economic growth of the economy with a high share of the informal sector and low fertility rate like Tha.
Author: Elamin H. Elbasha
Publisher:
ISBN:
Category :
Languages : en
Pages : 314
Get Book Here
Book Description
Author: Joaquim Eloi Cirne de Toledo
Publisher:
ISBN:
Category :
Languages : en
Pages : 476
Get Book Here
Book Description
Author: Sung Jin Kang
Publisher:
ISBN:
Category : Developing countries
Languages : en
Pages : 428
Get Book Here
Book Description
Author: Heegab Choi
Publisher:
ISBN:
Category : Capital investments
Languages : en
Pages : 124
Get Book Here
Book Description
Author: Shibeshi Ghebre Kahsay
Publisher:
ISBN:
Category : Capital movements
Languages : en
Pages : 298
Get Book Here
Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 102
Get Book Here
Book Description
Author: Lider Baran Doda
Publisher:
ISBN: 9780494777855
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: Lenno Uusküla
Publisher:
ISBN:
Category : Macroeconomics
Languages : en
Pages : 105
Get Book Here
Book Description
This thesis comprises three thorough investigations into different important economic issues. The common nexus between them is the long-horizon nature of the subjects covered, in which economic growth plays a central role. Specifically, the contents of the thesis address questions such as the extent to which financial integration is favorable for economic development, the implications that population growth has for the natural environment and the design of optimal policy when considering the latest insights on individuals' consumption behavior. The study of the specific topics addressed throughout each chapter of this thesis delivers a number of important results that are summarized subsequently. The first chapter provides an analysis of the relationship between aggregate economic uncertainty, growth and welfare. The model generates two main predictions. First, consumption growth is, ceteris paribus, higher on average in a country that participates in the international financial markets compared to one that is financially autarkic. Second, the sign of the net effect of financial integration on overall social welfare is ambiguous. In the second chapter, an inquiry is made into the implications of population growth for an optimal management problem with pollution externalities. The presence of a potential irreversibility in the dynamics for the stock of pollution is responsible for an outcome overlooked by the previous literature. In line with the available empirical evidence, the model implies that a growing population leads to a deteriorated state of environmental quality. Finally, the third chapter explores an optimal taxation problem in the presence of both congestion and habituation effects in consumption in an economy featuring endogenous growth. The results show that the second-best solution entails a constant consumption tax rate in the long-run and a counter-cyclical consumption tax growth rate in the short-run whose level hinges on the importance of both congestion and habit effects in preferences.
