Citation

Exploring Optimal Public Expenditure Frontier: Stochastic Social Production Frontier Approach

Abstract | Word Stems | Keywords | Association | Citation | Similar Titles




STOP!

You can now view the document associated with this citation by clicking on the "View Document as HTML" link below.

View Document as HTML:
Click here to view the document

Abstract:

We seek a preliminary answer to some fundamental questions: how politically capable are governments and how fiscal allocation policies affect the prospects for economic development? By mapping the interaction between the level of political capacity and the allocation choices made by governments we propose to identify the political levers governments can use to achieve optimal growth. In this paper we posit that political decisions reflect population preferences without dismissing the impact of private vs. public allocations. We propose a Cobb-Douglass style, stochastic, social production frontier which governments maximize, which is a function of both public & private production functions, socioeconomic inefficiency and exogenous shocks. Using GDP per capita as the output measure of social production, our inputs consist of a composite measure of disaggregated social budgets of public sector expenditures weighted by the interactive effects of political capacity. By taking into account political capacity and level of government activity in the economy, we begin to explore what type of public sector expenditures are the most efficient in order to allow them to maximize policy goals given endowment, productive technology and extractive technology.

Most Common Document Word Stems:

public (73), product (71), social (52), 1 (45), input (42), econom (41), level (41), ln (38), polici (36), expenditur (35), govern (35), polit (34), model (31), sector (30), frontier (29), function (29), term (25), develop (25), alloc (24), effect (21), growth (21),
Convention
All Academic Convention makes running your annual conference simple and cost effective. It is your online solution for abstract management, peer review, and scheduling for your annual meeting or convention.
Submission - Custom fields, multiple submission types, tracks, audio visual, multiple upload formats, automatic conversion to pdf.Review - Peer Review, Bulk reviewer assignment, bulk emails, ranking, z-score statistics, and multiple worksheets!
Reports - Many standard and custom reports generated while you wait. Print programs with participant indexes, event grids, and more!Scheduling - Flexible and convenient grid scheduling within rooms and buildings. Conflict checking and advanced filtering.
Communication - Bulk email tools to help your administrators send reminders and responses. Use form letters, a message center, and much more!Management - Search tools, duplicate people management, editing tools, submission transfers, many tools to manage a variety of conference management headaches!
Click here for more information.

Association:
Name: ISA's 50th ANNUAL CONVENTION "EXPLORING THE PAST, ANTICIPATING THE FUTURE"
URL:
http://www.isanet.org


Citation:
URL: http://citation.allacademic.com/meta/p310476_index.html
Direct Link:
HTML Code:

MLA Citation:

Abdollahian, M.., Arbetman Rabinowitz, Marina. and Kang, Kyungkook. "Exploring Optimal Public Expenditure Frontier: Stochastic Social Production Frontier Approach" Paper presented at the annual meeting of the ISA's 50th ANNUAL CONVENTION "EXPLORING THE PAST, ANTICIPATING THE FUTURE", New York Marriott Marquis, NEW YORK CITY, NY, USA, Feb 15, 2009 <Not Available>. 2014-11-30 <http://citation.allacademic.com/meta/p310476_index.html>

APA Citation:

Abdollahian, M. A., Arbetman Rabinowitz, M. and Kang, K. , 2009-02-15 "Exploring Optimal Public Expenditure Frontier: Stochastic Social Production Frontier Approach" Paper presented at the annual meeting of the ISA's 50th ANNUAL CONVENTION "EXPLORING THE PAST, ANTICIPATING THE FUTURE", New York Marriott Marquis, NEW YORK CITY, NY, USA Online <APPLICATION/PDF>. 2014-11-30 from http://citation.allacademic.com/meta/p310476_index.html

Publication Type: Conference Paper/Unpublished Manuscript
Review Method: Peer Reviewed
Abstract: We seek a preliminary answer to some fundamental questions: how politically capable are governments and how fiscal allocation policies affect the prospects for economic development? By mapping the interaction between the level of political capacity and the allocation choices made by governments we propose to identify the political levers governments can use to achieve optimal growth. In this paper we posit that political decisions reflect population preferences without dismissing the impact of private vs. public allocations. We propose a Cobb-Douglass style, stochastic, social production frontier which governments maximize, which is a function of both public & private production functions, socioeconomic inefficiency and exogenous shocks. Using GDP per capita as the output measure of social production, our inputs consist of a composite measure of disaggregated social budgets of public sector expenditures weighted by the interactive effects of political capacity. By taking into account political capacity and level of government activity in the economy, we begin to explore what type of public sector expenditures are the most efficient in order to allow them to maximize policy goals given endowment, productive technology and extractive technology.


Similar Titles:
Spend, Splurge & Regret: Finding the Stochastic Social Production Frontier for Optimal Public Sector Expenditures

Procedural Fairness and Public Satisfaction with Government Expenditure on Social Policies: : A Multi-level Approach

Public Value Mapping: Developing a Non-Economic Model of the Social Value of Science and Innovation Policy


 
All Academic, Inc. is your premier source for research and conference management. Visit our website, www.allacademic.com, to see how we can help you today.