A regional analysis of Southeast Asian economies
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
Public expenditure and inflation: A regional analysis of Southeast Asian economies
Public expenditure and inflation are two important macroeconomic variables that affect the economic performance of countries. In Southeast Asia, these variables have been the focus of many studies due to the region’s diverse economic and political conditions. This article provides a regional analysis of Southeast Asian economies regarding public expenditure and inflation, their interrelationship, and policy implications.
Public expenditure refers to the government’s spending on goods and services to fulfill its social and economic objectives. In Southeast Asia, public expenditure has been increasing over the years, reflecting the region’s growing need for infrastructure development, education, healthcare, and social protection programs. The increase in public expenditure has been largely funded by taxes and borrowing, which have implications for inflation.
Inflation is a sustained increase in the general price level of goods and services in an economy. In Southeast Asia, inflation has been relatively low in recent years, but it remains a concern for policymakers as it can erode the purchasing power of consumers and reduce economic growth. The factors that contribute to inflation in Southeast Asia include supply-side shocks such as natural disasters, external factors such as oil prices, and domestic factors such as changes in public expenditure.
The relationship between public expenditure and inflation is complex and varies across countries. In Southeast Asia, the relationship between these variables has been studied extensively, and the findings suggest that there is a positive correlation between public expenditure and inflation in some countries. For example, in Indonesia, public expenditure has been found to be a significant contributor to inflation, particularly in the short run. In contrast, in Malaysia and Singapore, public expenditure has had a limited impact on inflation, primarily due to their strong monetary policies.
The regional analysis of Southeast Asian economies shows that the relationship between public expenditure and inflation depends on various factors such as the level of economic development, the structure of the economy, and the effectiveness of monetary and fiscal policies. For example, in countries where the government is the dominant player in the economy, such as Vietnam and Myanmar, public expenditure has a more significant impact on inflation than in countries where the private sector is more prominent, such as Singapore and Thailand.
Another factor that influences the relationship between public expenditure and inflation is the composition of public expenditure. In Southeast Asia, countries with higher expenditures on capital projects such as infrastructure and transportation have a lower impact on inflation than countries with higher expenditures on social welfare programs. For example, in Indonesia, the government’s social protection programs have contributed to inflation due to the increased demand for goods and services.
Policy implications
The analysis of public expenditure and inflation in Southeast Asian economies has several policy implications. First, policymakers should consider the composition of public expenditure and its impact on inflation. In particular, they should focus on balancing spending on social welfare programs and capital projects to minimize the inflationary impact.
Second, policymakers should aim to improve the efficiency and effectiveness of public expenditure to ensure that it achieves its intended goals. This can be done by enhancing public expenditure management systems, increasing transparency and accountability, and improving the quality of public services.
Third, policymakers should be mindful of the impact of public expenditure on inflation and take appropriate measures to mitigate its effects. This can be done by implementing appropriate monetary and fiscal policies such as adjusting interest rates, controlling money supply, and managing public debt.
Finally, policymakers should also focus on improving the resilience of the economy to external shocks such as natural disasters and changes in global oil prices. This can be achieved by diversifying the economy, promoting innovation and technological advancement, and enhancing regional cooperation.
In conclusion, public expenditure and inflation are essential macroeconomic variables that affect the economic performance of Southeast Asian economies. The relationship between these variables is complex and depends on various factors such as the composition of public expenditure, the structure of the economy, and the effectiveness of monetary and fiscal policies.
A regional analysis of Southeast Asian economies
RUBRIC
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Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
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30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
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5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
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3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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