The relationship between inequality, investment, and government expenditure and their impact on economic growth in a panel of countries is empirically analyzed via a fixed effects, semiparametric model. The analysis demonstrates that the marginal impact of inequality on growth is highly nonlinear, and depends critically on both the levels of investment and government expenditure. In the absence...

energy is considered as an important input for agricultural products. a decrease in energy subsidy and its demand reduces agricultural outputs and raises the production costs. changes in production and costs may significantly affect welfare of the agricultural producers. the main objective of this study was to analyze the impact of increased energy prices (reduction in the subsidy) on the agric...

In their paper about progress towards universal health coverage in Brazil, the Russian Federation, India, China, South Africa (BRICS),1 Rao et al. report that in India in 2011, of total government expenditure, about 8% was expended on health. This estimate was from the World Health Organization’s (WHO’s) global health observatory data respository,2 which is based on national health accounts. Fo...

This paper carries a deep analysis on the cost and economical attributes of green buildings, and points out that in order to promote the development of the green building market, the government should motivate the property developers by maintaining a balance in the profits among the project participants, apart from the necessary supervision and constraint. This paper defines all the parameters ...

abstract government size plays a vital role in the economic development process. therefore, in this study, the existence of a non-linear relationship between government size and economic growth was investigated using the two-sector production function developed by ram (1986). the data, covering 44 years (1961-2005), were collected from the iranian economic information center. two classification...

Climate change impact is particularly severe in developing countries like the Philippines mainly because of low incomes, geographic state or condition, dependence on climate-sensitive sectors and inadequate capability to adapt global warming. This paper aimed at analyzing risk posed by climate using climatic variables Philippine agriculture. Likewise, it focused empirical measurement hypothesiz...

In this article we analyze the determinants of the functional distribution of government expenditure using for this purpose the models of the median voter's demand common in public choice literature. First of all, we review the economic literature on the factors affecting each component of government expenditure. Then, secondly, we develop a demand model of expenditure structure and we estimate...