Public spending is an important policy tool of the fiscal policy. This book empirically examines whether government expenditure - both capital and revenue - and governance indicators maintain any dynamic relationships with social sector developments.
The book addresses critical themes in contemporary macroeconomics, including the ongoing debate between monetarist and Keynesian schools regarding inflation drivers, the role of government expenditure and money supply in promoting economic growth, social sustainability, and the emerging importance of environmental sustainability in policy formulation. It explores how good governance practices, particularly corruption control, influence the effectiveness of fiscal and monetary policies, while examining the delicate balance between economic expansion and environmental conservation through green financing and sustainable development initiatives.
The book will be useful to students and researchers of economics, political science, sociology, administrative sciences, international relations, and the policy makers in the fiscal and monetary sectors of a country.
The book addresses critical themes in contemporary macroeconomics, including the ongoing debate between monetarist and Keynesian schools regarding inflation drivers, the role of government expenditure and money supply in promoting economic growth, social sustainability, and the emerging need for environmental sustainabile policy formulation.
List of Figures x
List of Tables xi
Contributors xiv
Foreword xxi
Preface xxv
Abbreviations xxvii
Introduction 1
Ramesh Chandra Das
Part I Policy Implications to Education, Health, and Overall Development 11
1 An Empirical Analysis of Fiscal Policy, Governance, and Educational
Outcomes in Low- and Middle-income Countries 13
Haimanti Banerjee and Sucharita Ghosh
2 Nexus between Governance, Corruption, and Human Development: Evidence from
Low-income Countries 32
Abhijit Bhattacharya and Mousumi Ghatak
3 The Role of Government Expenditure, Economic Growth, and Investment in
Explaining Human Development Index: A Panel Data Analysis 48
Biswajit Nayak and Sudipta Jha
4 Nexus between Economic Development and Quality of Governance: A
Cross-country Study with Reference to Post-globalization Time 61
Debashis Mazumdar and Mainak Bhattacharjee
5 Examining the Idea of Good Governance and Human Rights in South Asian
Context 74
Eyasin Khan
6 Corruption and Development in Bangladesh: An Analysis 90
Tulshi Kumar Das, Krittebas Paul, and Priyanka Bhattacharjee
7 Role of Digitalization in the Effectiveness of Monetary Policy: Evidence
from Developing Economies 109
Madhabendra Sinha, Samrat Roy, and Bablu Kumar Dhar
8 Fiscal Priorities in SAARC and ASEAN Countries: Exploring the Trade-offs
between Defense and Development 125
Soumyajit Bhunia
9 Monetary Policy Tools and Their Effectiveness in Renewable Energy Project
Development 141
Serhat Yüksel, Hasan Dincer and Aye Nur Çrak
10 The Relations between Monetary Policy and Economic Growth: A Study on the
Political Economy of Japan 153
Debasish Nandy
11 Does Public Spending upon Science and Technology and State Income Affect
Environmental Quality?: A State-Level Analysis in India 170
Imran Hussain, Sunanda Das, and Ramesh Chandra Das
Part II Policy Implications to Socio-economic Sustainability 187
12 The Nexus between Social Expenditures and Human Development in OECD
Countries: Fiscal Strategies for Sustainable Social Policies 189
Gamze Yldz eren and Aycan Can
13 Do Public Sector Corruption and Other Macroeconomic Indicators Increase
Regional Imbalances in Economic Growth in Asian Countries? An Inquiry 202
Saddam Hossain Mondal and Puja Biswas
14 Gender-Responsive Budgeting and Social Sector Development: Insights from
Türkiyes Budget Justifications 216
eyda Güdek-Gölçek and Ali Gökhan Gölçek
15 Factors Influencing Good Governance and Intention to Adopt Digital
Governance Services: An Empirical Study on the e-Government Participation
among Users in West Bengal, India 235
Arindam Metia
16 Good Governance and Industry 5.0 as Keys for the Social Sustainability
253
Begum Sertyesilisik
17 Good Governance and Social Sector Developments in India (20142024):
Challenges and Future Directions 265
Raj Kumar Kothari and Budh Bahadur Lama
18 Terrorism, Regulatory Quality, and Economic Complexity in Selected African
Countries 282
Richardson Kojo Edeme and Ekene Thank God Emeka
19 Good Governance and Digital Financial Inclusion: Evidences from West
Bengal, India 298
Nilendu Chatterjee and Tonmoy Chatterjee
20 Nexus between Gender Inclusion and Climate Finance: Bridging Gaps for
Sustainable Development 312
Megha Jain and Aishwarya Nagpal
21 Governance of Organizational Sustainability Management 336
José G. Vargas-Hernández, Absalón J. Salmerón-Zapata, and M. C. Omar C.
Vargas-González
Index 357
Ramesh Chandra Das, PhD, is currently a Professor at the Department of Economics of Vidyasagar University in the state of West Bengal, India, with more than 25 years of teaching and research experience. His main areas of research lie in theoretical and applied macroeconomics, financial economics, environmental economics, and political economics. He has contributed several research papers to national and international journals of repute along with more than a dozen edited volumes in the related areas of the subject. Besides, he has written textbooks on microeconomics, macroeconomics, and managerial economics with internationally reputed publishers for different fields of readers and academicians and has been acting as the editor-in-chief in a couple of refereed journals.
