Journal ArticleDOI
Human development, public expenditure and economic growth: a system dynamics approach
TLDR
In this article, a system dynamics approach is used to model, identify and help manage the development path of human development and economic growth in Pakistan given alternative policies for public expenditure on HD and economic indicators.Abstract:
Purpose – It is now widely recognized that human development (HD) and economic growth (EG) are intertwined in two‐way feedback processes either leading to an upward spiral of development or a poverty trap. This concept is used to overcome one of the limitations of a previous study by Qureshi which assumes exogenous gross domestic product (GDP). With endogenous GDP formulation, the impact of public expenditure on HD and EG in Pakistan is examined.Design/methodology/approach – System dynamics approach is used to model, identify and help manage the development path of HD and EG in Pakistan given alternative policies for public expenditure on HD and EG. For this purpose the model endogenously determines path of population cohorts, and education, health and economic indicators.Findings – The simulation results suggest that the current level of public expenditure on HD is extremely low and any further decrease will have irreversible negative impact on HD and economic indicators, even if the resources so saved a...read more
Citations
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Policy coherence to achieve the SDGs: using integrated simulation models to assess effective policies.
TL;DR: In this paper, the authors present and demonstrate the use of the new System Dynamics based iSDG family of models to analyse impacts of substantial investments in photovoltaic capacity.
Journal Article
Policy coherence to achieve the SDGs : using integrated simulation models to assess effective policies (SPECIAL FEATURE : Sustainability Science and Implementing the Sustainable Development Goals)
TL;DR: This paper presents and demonstrates the use of the new System Dynamics based iSDG family of models, and uses a national model for Tanzania to analyse impacts of substantial investments in photovoltaic capacity on three SDGs.
Journal ArticleDOI
The dynamic association between healthcare spending, CO2 emissions, and human development index in OECD countries: evidence from panel VAR model
TL;DR: In this article, the authors employed a panel vector autoregression based on the generalized method of moments estimations to test the bidirectional association among healthcare expenditures, carbon dioxide (CO2) emissions, and human development index (HDI).
Journal ArticleDOI
Does foreign private investment affect the clean industrial environment? Nexus among foreign private investment, CO2 emissions, energy consumption, trade openness, and sustainable economic growth
Mina Ge,Desti Kannaiah,Junrong Li,Nasir Khan,Malik Shahzad Shabbir,Kanwal Bilal,Mosab I. Tabash +6 more
References
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Government spending in a simple model of endogenous growth
TL;DR: This article extended these models to include tax- financed government services that affect production or utility, and showed that growth and saving rates fall with an increase in utility-type expenditures; the two rates rise initially with productive government expenditures but subsequently decline.
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Government Spending in a Simple Model of Endogenous Growth
TL;DR: In this article, tax-financed government services that affect production or utility are extended to include tax-supported government services, and the two rates rise initially with productive government expenditures but subsequently decline with an increase in utility-type expenditures.
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Formal aspects of model validity and validation in system dynamics
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