Optimum Size of Government Intervention Emerging Economies and Their Challenges

This book critically examines the optimum range and duration of government interventions in the economic activities of a modern state based on theoretical and empirical frameworks, and assesses their role and extent in various economies. With a special focus on emerging economies across the globe, it discusses themes such as income growth; social sector development; good governance and economic progress; threshold limits; optimum budget policy and economic growth; sustainable distributional managements in public projects; food for work programs; agricultural infrastructure development; technological progress and economic growth; and distributional equities. The policy suggestions provided here offer helpful blueprints for developmental projects. Rich in data and figures, the book addresses sector-specific case studies like healthcare; irrigation and agriculture; infrastructure; taxation and economic growth; and public sector enterprises. It will be an excellent read for scholars and researchers of economics, Indian economics, macroeconomics, political economy, public policy, political science and management, development studies, development economy and governance. It will also be useful to policymakers, administrative officials, and government and corporate bodies.

Foreword by Sajal Lahiri Preface Introduction PART I: Size of Government Intervention in General Economic and Social Perspectives Chapter 1. The Problem of Financing Development Management: A Quest for Optimum Government Intervention Pratip Kumar Datta and Saumya Chakrabarti Chapter 2. Revisiting Growth Promoting Optimal Size of the Government: An Empirical Investigation from Developing Countries Megha Jain and Aishwarya Nagpal Chapter 3. Dynamic Optimality of Government Expenditure: An Introspection Based on Endogenous Growth-Theoretic Approach Mainak Bhattacharjee, Jayeeta Roy Chowdhury and Dipti Ghosh Chapter 4. Government Expenditure, Good Governance and Economic Growth in Sub-Saharan Africa: Where Are We? Ezebuilo Romanus Ukwueze, Ozoemrna Stanley Nwodo, Henry Thomas Asogwa and Tochukwu Georgina Onyechi PART II: Sectoral Aspects of Government Intervention in Economies and Groups Chapter 5. The Role and Application of Military Power as Instrument of National Power in the 21st Century Nanna Charlotte Lord-Mallam Chapter 6. Military Keynesianism and the Economics of Regional Security and Defence Burden in the Middle East Partha Gangopadhyay, Siddharth Jain and Mamun Billah Chapter 7. Agricultural Expenditure, Infrastructural Development and Economic Growth of ECOWAS Countries Richardson Kojo Edeme, Idenyi C Janefrancis, Nelson C Nkalu and Angus Eze Afamefuna Chapter 8. Government Policies and Inflows of Foreign Direct Investment in Developing Asia: A Dynamic Panel Study Madhabendra Sinha, Prabal Chakraborty, Sidhartha Sankar Laha and Anil Bhuimali Chapter 9. Politics, Finance and Infrastructure: Evidence from Emerging Economies Amit Chatterjee and Devyosha Singh Chapter 10. Does Budget Deficit Cause Current Account Deficit in SAARC Countries? A Time-Series Econometric Investigation Kanchan Datta Chapter 11. Health Care, Income Inequality and International Trade: The Role of Public Expenditure Tonmoy Chatterjee and Nilendu Chatterjee PART III: Country-Specific Analysis on Impacts of Government Intervention Chapter 12. Determining Optimum Size of Government Intervention for Sustainable Development of Agricultural Farming in India Subhrabaran Das Chapter 13. Do Public–Private Partnerships Draw a Line at Government Intervention? An Assessment on Transportation Sector in Turkey Gamze Yildiz Seren Kurular and Simla Güzel Chapter 14. Understanding the Market Economy of Malaysia through Globalization: Whether the Role of the Government is Minimum or Optimum? Debasish Nandy Chapter 15. Dynamic Effects of Public Expenditure on Oil-Producing Economies: Selected Case in Africa Iyabo A. Olanrele Chapter 16. Is Disinvestment of Public Sector Enterprises Growth Augmenting? The Indian Narrative in the Post-Liberalized Era Sovik Mukherjee Chapter 17. India–Nigeria Bilateral Economic Cooperation in Oil Sector: A Case of Government Intervention in Strengthening South–South Cooperation Arindam Laha and Sumit Kumar Maji Index

Ramesh Chandra Das is Associate Professor and Researcher in Economics, Vidyasagar University, West Bengal, India.