Preview

The Composition of Social Infrastructure and Economic Growth: Modeling a Multi Sector Framework

Powerful Essays
Open Document
Open Document
3058 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Composition of Social Infrastructure and Economic Growth: Modeling a Multi Sector Framework
The composition of social infrastructure & economic growth

modelling a multi-sector framework

seminar project

submitted on: June 12, 2012

Institute of Economic Theory, -Policy and -History Faculty of Public Economics and Statistics, Leopold-Franzens-University Innsbruck

authors: ID: class: program: year:

Mennel Simon Thomas, Meusburger Josef Simon, Kleinhans Thomas 0816296, 0817769, 0715041 LV 432171-0 12S applied economics WS 2011

Contents
1 Introduction 2 Building up the theoretical framework 2.1 2.2 2.3 Economic Infrastructure . . . . . . . . . . . . . . . . . . . . . . . Social Infrastructure . . . . . . . . . . . . . . . . . . . . . . . . . Determining the role of Social Infrastructure . . . . . . . . . . . . 4 4 5 5 6 7 8 8 8 8 9 9 9 10 10 11 11 12

3 The Model 4 Empirical Results 4.1 Data Source and Transformation . . . . . . . . . . . . . . . . . . 4.1.1 4.1.2 4.1.3 4.1.4 4.1.5 4.1.6 4.1.7 4.2 Gross Domestic Product (GDP) . . . . . . . . . . . . . . . Absolute Public Social Spending (PSS) . . . . . . . . . . . Absolute Private Health Spending (PHS) . . . . . . . . . . Absolute Public Health Spending (PUHS) . . . . . . . . . Absolute Education Spending (ESP) . . . . . . . . . . . . Total Labour Force (TLF) . . . . . . . . . . . . . . . . . . Expenditure on R&D (RD) . . . . . . . . . . . . . . . . .

Empirical Analysis . . . . . . . . . . . . . . . . . . . . . . . . . .

5 Interpretation and Conclusion Literatur

List of Figures
1 2 3 4 5 6 7 Gross Domestic Product . . . . . . . . . . . . . . . . . . . . . . . Absolute Public Social Spending . . . . . . . . . . . . . . . . . . . Absolute Private Health Spending . . . . . . . . . . . . . . . . . . Absolute Public Health Spending . . . . . . . . . . . . . . . . . . Absolute Education Spending . . . . . . . . . . . . . . . . . . . . Total Labour Force . . . . . . . . . . . . . . . . . . . . . . . . . . Research and Development . . . . . . . . . . . . . . . . . . . . . . 8 8 9 9 9



References: Aigbokan, B. E. (1999). Evaluating investment on basic infrastructure in nigeria. Proceedings of the Eigth Annual Conference of the Zonal Research Units, page 208. Familoni, D. K. A. (2005). The role of economic and social infrastructure in economic development: a global view. ACZRU Paper, 11. Hall, R. E. and Jones, C. I. (1998). Why do some countries produce so much more output per worker than others? NBER Working Paper Series, (6564). Hryshko, D. (2009). Social infrastructure and long-run economic performance social infrastructure and long-run economic performance. In Selected Topics in Economics II - Economic Growth. Kumar, A. (2000). Socio-Economic Infrastructure and Level of Economic Development: A Disaggregated Study of Himachal Pradesh. PhD thesis, Himachal Pradesh University, Shimla. Nin, A. (1932). Henry and June. Harcourt Brace Jovanovich. Oxford, U. P. (1994). Infrastructure for development. World Development Report.

You May Also Find These Documents Helpful

  • Good Essays

    KEY GROWTH SECTORS OF THE KENYAS ECONOMY Economic growth is the increase in the amount of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product i.e. real GDP. In Kenya the key main sectors to achieve economic growth are agriculture which is the mainstay economic growth drivers, energy sector, manufacturing and industry, service sector which is mainly tourism, financial services and banking and also the…

    • 1033 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Social Infrastructure

    • 3963 Words
    • 16 Pages

    Table of Contents Introduction 1. Social Work 1.2. Origins 1.3. Qualifications for social work 1.4. Role of the professional social worker 1.5. Professional social work associations 1.6. Social work knowledge building 2. Education in Kazakhstan 2.1. Public Funding of Education 2.2. Projects and Programs 2.3. Problems 3. Social Projects 3.1. Karachaganak Petroleum Operating Company’s Social Projects 3.2. Yerzhan Tatishev’s Foundation’s Social Projects 4. Health Care System 4.1.…

    • 3963 Words
    • 16 Pages
    Powerful Essays
  • Good Essays

    Agricultural Economics of Nigeria: Paradoxes and Crossroads of Multimodal Nature Professor Eric C. Eboh Professor of Agricultural Economics University of Nigeria CONTENTS 1.0 ACKNOWLEDGEMENT 2 2.0 CONCEPTUAL APPROACH OF THIS INAUGURAL LECTURE 6 REFLECTIONS ON THE STRATEGIC ROLE OF AGRICULTURAL ECONOMY 8 3.0 4.0 5.0 AGRICULTURE FROM THE LOOKING GLASS OF MAN’S ECONOMIC HISTORY 16 AGRICULTURAL ECONOMY FROM PARADIGMATIC VIEWPOINTS ABOUT THE STATE VIS-A-VIS MARKET 21 6.0 NIGERIAN AGRICULTURE…

    • 18691 Words
    • 75 Pages
    Good Essays
  • Good Essays

    Growth of Service Sector

    • 11285 Words
    • 46 Pages

    they are willing to invite there investible funds. In the last decade investment opportunities have increased in all the sectors .It is a known fact the service sector has grown much faster than any other sector and its contribution to GDP is much greater in this background, I consider it appropriate to undertake a project study on “investment opportunities in service sector”. Investment is a process of sacrificing some use of funds today for the benefits to be in future. More specifically, investment…

    • 11285 Words
    • 46 Pages
    Good Essays
  • Better Essays

    allows the government to tap the private sector’s capacity to innovate. Instead, the government will spell out the services it needs, and the desired outcomes/outputs. The private sector can then introduce innovative solutions to meet the government’s objectives. 2) In a PPP project, the government and the private sector share the responsibilities of delivering a service depending on each party’s expertise. 3) In a PPP project, access to private capital frees government capital to be used in…

    • 2045 Words
    • 9 Pages
    Better Essays
  • Good Essays

    economic growth

    • 974 Words
    • 4 Pages

    ECONOMIC GROWTH is the long term expansion of a country’s productive potential Short term growth is measured by the annual % change in real national output – this is mainly driven by the level of aggregate demand (C+I+G+X-M) but is also affected by shifts in SRAS Long term growth is shown by the increase in trend or potential GDP and this is illustrated by an outward shift in a country’s long run aggregate supply curve (LRAS) Key drivers of growth There have been numerous research studies in…

    • 974 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Economic growth

    • 1574 Words
    • 5 Pages

    Economic growth is considered as one of the most essential parts of the economics, and it is defined an increase of goods and services of a country within certain period (Acemoglu, 2012). Modis (2013) claimed that, this economic growth conception particularly relates to the growth of potential output and production which is measured by gross domestic product per capita (GDP). Economic growth ideology has a long history, though it has been existed since the mid-18th, economic growth has dominated…

    • 1574 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Social Infrastructure of Punjab: A Comparison with Kerala. Dr R. S. Bawa Registrar Guru Nanak Dev University, Amritsar Shubhi Sandhu Lecturer Department of Management SBBSIET, Padhiana Abstract Economic development and prosperity of any state is immensely dependent on the level of its social infrastructure. Education, medical and public health are twin most important areas of social infrastructure. Punjab the food bowl of India and one of the most prosperous states is beset with handicaps…

    • 6367 Words
    • 26 Pages
    Powerful Essays
  • Powerful Essays

    Economic Growth

    • 4979 Words
    • 20 Pages

    16712 The Relationship Between Unemployment and Economic Growth in Jordan and Some Arab Countries Mahmoud A. Al-Habees and Mohammed Abu Rumman Faculty of Planning and Management, AL-Balqa Applied University, Jordan Abstract: Unemployment is a negative phenomenon in any human society as it adversely affect in different dimensions and directions. In addition, it refers to an economic defect affecting the community structure. Thus, the economic and social dimensions of unemployment increase complexity…

    • 4979 Words
    • 20 Pages
    Powerful Essays
  • Powerful Essays

    Economic Growth

    • 11115 Words
    • 54 Pages

    surveys recent models of growth and trade in search of descriptions of technologies that are consistent with episodes of very rapid income growth. Emphasis is placed on the on-the-job accumulation of human capital: learning by doing. Possible connections between learning rates and international trade are discussed. KEYWORDS: Growth, productivity, on-the-job training, learning.…

    • 11115 Words
    • 54 Pages
    Powerful Essays