A study of East 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 study of East Asian economies
Public expenditure and inflation are two closely related macroeconomic variables that have been the focus of much research and debate in the field of economics. In this article, we will explore the relationship between public expenditure and inflation in the context of East Asian economies.
East Asian economies, including countries such as China, Japan, South Korea, and Taiwan, have undergone rapid economic growth over the past few decades. As these economies have grown, so too has their level of public expenditure. Public expenditure is the total amount of money that a government spends on goods and services, including infrastructure, social programs, defense, and administrative expenses.
One of the key concerns regarding public expenditure is its potential impact on inflation. Inflation is the rate at which the general price level of goods and services in an economy is increasing. When there is too much money chasing too few goods and services, inflation tends to rise, leading to a decline in the purchasing power of money.
The relationship between public expenditure and inflation is complex and can be influenced by a range of factors, including the type of expenditure, the source of financing, and the overall state of the economy. In general, however, there are two main channels through which public expenditure can impact inflation.
The first channel is through the demand for goods and services. When the government spends more money on goods and services, it increases the overall demand for those goods and services. If the supply of goods and services is limited, this increased demand can lead to inflation as prices rise to reflect the increased demand.
The second channel is through the financing of public expenditure. When the government finances its expenditure through borrowing or printing money, it increases the supply of money in the economy. This increase in the money supply can lead to inflation if the supply of goods and services does not keep pace with the increased supply of money.
In East Asian economies, the relationship between public expenditure and inflation has been influenced by a range of factors. One important factor has been the type of expenditure. In many East Asian economies, public expenditure has been focused on infrastructure and other productive investments, such as education and research and development. This type of expenditure can increase the productive capacity of the economy, leading to higher output and lower inflation.
Another important factor has been the source of financing for public expenditure. In many East Asian economies, public expenditure has been financed through savings, either through high domestic savings rates or through foreign investment. This type of financing can reduce the impact of public expenditure on inflation, as it does not increase the supply of money in the economy.
Finally, the overall state of the economy can also influence the relationship between public expenditure and inflation. In times of economic growth, public expenditure can be absorbed by the increased demand for goods and services, leading to little impact on inflation. In times of economic downturn, however, public expenditure can exacerbate inflationary pressures by increasing the supply of money in the economy.
In conclusion, the relationship between public expenditure and inflation in East Asian economies is complex and multifaceted. While public expenditure can potentially lead to inflation, the type of expenditure, the source of financing, and the overall state of the economy can all influence the impact of public expenditure on inflation. In general, however, productive investments in infrastructure and education, financed through savings, can lead to higher output and lower inflation in East Asian economies.
A study of East Asian economies
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
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) |
Zero points: Student failed to submit the final paper. |
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) |
Zero points: Student failed to submit the final paper. |
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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