Suchergebnisse

There are several factors that affect successful execution of public capital projects in every economy. This study specifically investigates the influences of selected macroeconomic factors such as: inflation, exchange rate, total expenditure, population, debt servicing and Real GDP on government capital investments using data that cover a period from 2000 to 2017. Using ordinary least squares technique, the findings reveal that Real GDP and population have insignificant negative impact on capital investments, while debt servicing has a significant negative influence on government capital expenditure. Inflation rate does not exert any influence but exchange rate and total expenditure have significant positive impact on capital expenditure. The implication is that a lot of funds go into debt servicing, thereby denying the masses of adequate infrastructural provisions. Due to poor funding of local industries, they lack the capacity to affect the economy positively such that the size of the Real GDP is negatively influencing the public capital investment. Therefore, the study has made some recommendations which could help our policy makers in their decision to ensure that investment in capital projects and infrastructures in the country is given the basic consideration to achieve its economic objectives. Above all the domestic industries and agriculture should be well financed since inflows from them can help to carry out more capital projects and reduce the country's level of borrowing.

The paper aims to contribute to the debate on the regional dimension of sectoral (i.e. non-regional) policies and to empirically demonstrate the huge discrepancy between both the volume and the regional pattern of sectoral public capital expenditure policies on the one hand, and official regional policy on the other. The analyses were based on a unique database of public investment in the Czech Republic covering the years 1995–2005. Their results show significant conflicts in policy objectives and thus represent a clear argument in favour of pursuing territorial impact assessment (TIA) of sectoral policies.

The article examines the functioning of public administration in the process of development of social capital, which leads to qualitatively new connections and the influence of the state on economic processes. This makes it possible to understand modern economic processes and provide efficiency to state regulation of market relations. The current state of economic processes is significantly related to the influence of the state and the economy among themselves. These connections affect public relations. There is a need to understand the underlying processes that are associated with these phenomena in order to progress social development. The problem of the influence of the state on the economy and the economy on the state has been, is and will be one of the central problems of society. The importance of this issue is especially emphasized by the coronavirus pandemic. Research on this issue in the field of public administration today is practically not presented. The purpose of this article is to reveal the deep relationship between the state and the economy against the background of the processes of education. The process of movement of social capital in terms of expanded reproduction is directly related to the state. First, expanded reproduction is the financial base of the state. If the surplus in production will go entirely to the needs of the state, then the actual reproduction will be simple, but the stability of society will be achieved, because the state will exist not at the expense of the necessary product of society, but at the expense of additional product (ie newly created value).Thus, the state is directly dependent on the functioning of social capital and can normally exist only in conditions of expanded reproduction, and therefore the state is interested in it. Thus, there is a direct connection and dependence of the state on the economy. All this dependence of the state on the economy in itself leads to its involvement in the regulation of economic processes in order to support the process of expanded reproduction. Such regulation can be effective if the state regulates social production not sporadically, not in the course of its functioning, but systematically, by pre-thought-out actions aimed at effective regulation of production. It allows to systematically judge the state of the economic structure and its potential, ie to objectively determine the possibilities of accumulation of finances through the state budget with the least damage to economic development. Such a clash reflects both on the state and on the functioning of social capital. This is the need to optimize government spending, improve the domestic structure in order to reduce spending on inefficient government agencies. In addition, the state's interest in the constant expansion of social capital pushes the state to develop solutions and develop measures that can help expand reproduction. ; Стаття розглядає функціонування державного управління економіки у процесі розвитку суспільного капіталу, що веде до якісно нових зв'язків та впливу держави на економічні процеси. Це дає можливість зрозуміти сучасні економічні процеси та надати ефективності державному регулюванню ринкових відносин.

The article examines the functioning of public administration in the process of development of social capital, which leads to qualitatively new connections and the influence of the state on economic processes. This makes it possible to understand modern economic processes and provide efficiency to state regulation of market relations. The current state of economic processes is significantly related to the influence of the state and the economy among themselves. These connections affect public relations. There is a need to understand the underlying processes that are associated with these phenomena in order to progress social development. The problem of the influence of the state on the economy and the economy on the state has been, is and will be one of the central problems of society. The importance of this issue is especially emphasized by the coronavirus pandemic. Research on this issue in the field of public administration today is practically not presented. The purpose of this article is to reveal the deep relationship between the state and the economy against the background of the processes of education. The process of movement of social capital in terms of expanded reproduction is directly related to the state. First, expanded reproduction is the financial base of the state. If the surplus in production will go entirely to the needs of the state, then the actual reproduction will be simple, but the stability of society will be achieved, because the state will exist not at the expense of the necessary product of society, but at the expense of additional product (ie newly created value).Thus, the state is directly dependent on the functioning of social capital and can normally exist only in conditions of expanded reproduction, and therefore the state is interested in it. Thus, there is a direct connection and dependence of the state on the economy. All this dependence of the state on the economy in itself leads to its involvement in the regulation of economic processes in order to support the process of expanded reproduction. Such regulation can be effective if the state regulates social production not sporadically, not in the course of its functioning, but systematically, by pre-thought-out actions aimed at effective regulation of production. It allows to systematically judge the state of the economic structure and its potential, ie to objectively determine the possibilities of accumulation of finances through the state budget with the least damage to economic development. Such a clash reflects both on the state and on the functioning of social capital. This is the need to optimize government spending, improve the domestic structure in order to reduce spending on inefficient government agencies. In addition, the state's interest in the constant expansion of social capital pushes the state to develop solutions and develop measures that can help expand reproduction. ; Стаття розглядає функціонування державного управління економіки у процесі розвитку суспільного капіталу, що веде до якісно нових зв'язків та впливу держави на економічні процеси. Це дає можливість зрозуміти сучасні економічні процеси та надати ефективності державному регулюванню ринкових відносин.

In the past three decades, developing countries have made significant economic and social progress, from improved infant mortality rates to higher life expectancy. Yet, 1.3 billion people continue to live in extreme poverty in the developing world, leading policymakers to place a renewed emphasis on policies that could promote economic efficiency and the productivity of the poor. How should these policies be sequenced and implemented to spur growth? Would a large, front-loaded increase in public infrastructure investment yield the desired growth-promoting effect? Taking a rigorous lo