Available from: [Accessed 10-12-20]. A further development of the monitor outlined in this report is required for such an analysis. EssaySauce.com is a completely free resource for students. Lecture Notes in Economics and Mathematical Systems, vol 188. Conclusion: An Industrializing Economy. Model2: GDP= f(L, K, T, Wexp, NWexp, NL, Dexp) L: labor. It could also mean allocating available resources first to the overall most vulnerable countries identified, and directing them to the necessary domestic industry. Therefore, it can be said that Palestine, as an occupied small country, has a very fragile and sensitive political, economical and social situation due to the Israeli occupation. iv. The main question that will be answered: what is the relationship between the government expenditures and the economic growth in Palestine? Moreover, Dao (2012) using cross sectional data, analyzed the impact of the growth of the share of various government expenditure programs in the GDP on economic growth in 28 developing countries (Argentina, Armenia, Azerbaijan, Belarus, Brazil, Bulgaria, Colombia, Cyprus, Czech Republic, Egypt Arab Republic, Hungary, India, Iran, Israel, Kazakhstan, Kyrgyz Republic, Lithuania, Madagascar, Moldova, Poland, Portugal, Russian Federation, Slovak Republic, Slovenia, South Africa, Tajikistan, Thailand and Ukraine) for 3 years (2008-2010). Accessed on November 29, 2013 from: http://ageconsearch.umn.edu/bitstream/51684/2/IAAE%20government%20spending.pdf. Accessed on November 10, 2013 from: http://www.ijmsbr.com/Volume 1,Issue 7 (6) Andy.pdf, Hamdi, H., Sbia, R. (2013). First of all, these refinements seem more appropriate to a text for an intermediate course in economics. Page 1 of 1. If you want to be able to access the higher level marks in economics A-level essays, an effective conclusion is important. For business professionals, this provides a contextual understanding of the country in which they may wish to invest. In addition, monopoly also is a situation in which a single organization or group owns all or nearly all of the market for a given type of product or service. Therefore, understanding the relationship between the government expenditures and revenues and the implementation of an efficient fiscal policy is necessary to give a clear indication of how effective the government’s policies used in managing the country’s resources, establishing price stability and maintaining sustainable economic growth (Hamdi and Sabia, 2013). In Asia, capital, agriculture, and education expenditure promotes economic growth. CONCLUSION. Shodh Anusandhan Samachar, Vol. Students can use our free essays as examples to write their own. Yes! Much attention should be paid to the Palestinian economy, in particular to the governmental policies used in order to analyze the reasons and effects of such a fragile economy on the other aspects of life. This proved difficult as data on private organisations on a country level was difficult to find. Find your group chat here >> start new discussion reply. o Analyzing the effect of each component on the overall government expenditures and GDP for the period. Political economy shows that reliance on spontaneity is profoundly alien to the socialist economic order, that the building of communist society can take place only by the planned control of economy, on the basis of the law of planned development of the national economy and in accordance with the requirements of the basic economic law of socialism. Moreover, GDP started and continued to decrease as a result of Israeli military measures during the years of the second intifada (2000-2004). Increase country resilience by identifying and addressing underlying societal, political, security pressures, which can then feed into tailored and precise policy making; Investigate and identify joint responses of public authorities and the private sector in managing the process of conflict transition, taking into account the multi-layered conflict factors identified in the monitor. Economic growth, which reflects the overall performance of a country, is one of the most important macroeconomic goals that a country seeks to achieve and maintain. Vol. However, the neo- classical viewed that there is no long run impact of government expenditures on the economic growth rate (Solow, 1956). The main underlying factors causing the high degree of environmental vulnerability in these regions are the lack of precipitation and the expansiveness of deserts present in these areas. You can view our terms of use here. Barro, R. (1990). In fact, it reached its minimum in 2002 with US$3,301.4 million with a rate of -13% growth. When looking at potential effects of low-carbon policies, Botswana, Iran and Yemen are found to be most vulnerable and at risk of unsuccessful transition. This study will consist of five chapters.