Financial Markets, Institutions and Risks (FMIR)

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Fiscal Policy and Forecasting Real GDP
(Sumy State University, 2021) Chowdhury, M.A.
The macroeconomic effect of changes in tax revenue and government spending influences gross domestic product in an economy. The economic growth depends on real business cycle where fiscal policy takes the central role which is managed by the government. When there is a shock in the economy, government changes policy to stabilize the economy to control interest rate otherwise there will be budget deficit which declines economic growth.
Economic Growth and the Optimal Size of the Public sector in Jordan
(Sumy State University, 2020) Aljaloudi, J.; Warrad, T.A.
The relationship between the size of public sector and the rate of economic growth has been widely examined empirically in different countries. Most applied studies confirmed the validity of the inverse relationship between the increasing role of the state in the economy, measured by the ratio of public spending to gross domestic product and rates of economic growth. These studies estimated the optimum rate that would guarantee achieving the highest economic growth rates.