Effects of Fiscal Policy and Institutions on the Economic Growth of Asian Economies: Evidence from Dynamic Panel Data Analysis
This paper investigates the effects of fiscal policy and institutions on the economic growth of Asian economies through the application of the GMM-SYS approach to dynamic panel estimator as a preference analysis. It examines two different channels through which fiscal policy can affect long-run econ...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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UUM Press
2009-06-01
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| Series: | International Journal of Management Studies |
| Subjects: | |
| Online Access: | https://e-journal.uum.edu.my/index.php/ijms/article/view/9963 |
| _version_ | 1797943137431191552 |
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| author | Hussin Abdullah Muzafar Shah Habibullah Ahmad Zubaidi Baharumshah |
| author_facet | Hussin Abdullah Muzafar Shah Habibullah Ahmad Zubaidi Baharumshah |
| author_sort | Hussin Abdullah |
| collection | DOAJ |
| description | This paper investigates the effects of fiscal policy and institutions on the economic growth of Asian economies through the application of the GMM-SYS approach to dynamic panel estimator as a preference analysis. It examines two different channels through which fiscal policy can affect long-run economic growth in Asia. The first channel is when aggregate government expenditure, aggregate of other fiscal variables, and institution affect the real per capita GDP, and the second channel is to determine the role of institutions on the real per capita GDP. The dynamic panel data result, especially GMM-SYS, established a long-run relationship between fiscal policy, institution, and economic growth. We found positive and statistically significant impact of aggregate of government expenditure and aggregate of other fiscal variables and institution on real per capita GDP. Furthermore, we found that there is a role of institutions on the real per capita GDP.
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| first_indexed | 2024-04-10T20:18:27Z |
| format | Article |
| id | doaj.art-0dd58296441f4969bbf59c218b8f4f89 |
| institution | Directory Open Access Journal |
| issn | 2232-1608 2180-2467 |
| language | English |
| last_indexed | 2024-04-10T20:18:27Z |
| publishDate | 2009-06-01 |
| publisher | UUM Press |
| record_format | Article |
| series | International Journal of Management Studies |
| spelling | doaj.art-0dd58296441f4969bbf59c218b8f4f892023-01-26T03:13:44ZengUUM PressInternational Journal of Management Studies2232-16082180-24672009-06-01161Effects of Fiscal Policy and Institutions on the Economic Growth of Asian Economies: Evidence from Dynamic Panel Data AnalysisHussin Abdullah0Muzafar Shah Habibullah1Ahmad Zubaidi Baharumshah2College of Arts and Sciences Universiti Utara MalaysiaFaculty of Economics and Management Universiti Putra MalaysiaFaculty of Economics and Management Universiti Putra MalaysiaThis paper investigates the effects of fiscal policy and institutions on the economic growth of Asian economies through the application of the GMM-SYS approach to dynamic panel estimator as a preference analysis. It examines two different channels through which fiscal policy can affect long-run economic growth in Asia. The first channel is when aggregate government expenditure, aggregate of other fiscal variables, and institution affect the real per capita GDP, and the second channel is to determine the role of institutions on the real per capita GDP. The dynamic panel data result, especially GMM-SYS, established a long-run relationship between fiscal policy, institution, and economic growth. We found positive and statistically significant impact of aggregate of government expenditure and aggregate of other fiscal variables and institution on real per capita GDP. Furthermore, we found that there is a role of institutions on the real per capita GDP. https://e-journal.uum.edu.my/index.php/ijms/article/view/9963Economic growthinstitutionsaggregate of government expenditureaggregate of other fiscal variablesdynamic panel cointegration |
| spellingShingle | Hussin Abdullah Muzafar Shah Habibullah Ahmad Zubaidi Baharumshah Effects of Fiscal Policy and Institutions on the Economic Growth of Asian Economies: Evidence from Dynamic Panel Data Analysis International Journal of Management Studies Economic growth institutions aggregate of government expenditure aggregate of other fiscal variables dynamic panel cointegration |
| title | Effects of Fiscal Policy and Institutions on the Economic Growth of Asian Economies: Evidence from Dynamic Panel Data Analysis |
| title_full | Effects of Fiscal Policy and Institutions on the Economic Growth of Asian Economies: Evidence from Dynamic Panel Data Analysis |
| title_fullStr | Effects of Fiscal Policy and Institutions on the Economic Growth of Asian Economies: Evidence from Dynamic Panel Data Analysis |
| title_full_unstemmed | Effects of Fiscal Policy and Institutions on the Economic Growth of Asian Economies: Evidence from Dynamic Panel Data Analysis |
| title_short | Effects of Fiscal Policy and Institutions on the Economic Growth of Asian Economies: Evidence from Dynamic Panel Data Analysis |
| title_sort | effects of fiscal policy and institutions on the economic growth of asian economies evidence from dynamic panel data analysis |
| topic | Economic growth institutions aggregate of government expenditure aggregate of other fiscal variables dynamic panel cointegration |
| url | https://e-journal.uum.edu.my/index.php/ijms/article/view/9963 |
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