The impact of public expenditure on economic growth in Vietnamese localities: Research in the context of the impact of Covid-19
The article studies the impact of provincial public expenditure on economic growth in Vietnamese localities in the context of the impact of Covid-19, with balance panel data of 63 provinces and cities collected in the period 2012 - 2021 (Covid-19 pandemic from 2020 to 2021). The results of the model...
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| Format: | Article |
| Language: | English |
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HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE
2023-06-01
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| Series: | Ho Chi Minh City Open University Journal of Science - Economics and Business Administration |
| Subjects: | |
| Online Access: | https://journalofscience.ou.edu.vn/index.php/econ-en/article/view/2565 |
| _version_ | 1797258809438109696 |
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| author | Phan Thi Hang Nga Pham Minh Tien |
| author_facet | Phan Thi Hang Nga Pham Minh Tien |
| author_sort | Phan Thi Hang Nga |
| collection | DOAJ |
| description | The article studies the impact of provincial public expenditure on economic growth in Vietnamese localities in the context of the impact of Covid-19, with balance panel data of 63 provinces and cities collected in the period 2012 - 2021 (Covid-19 pandemic from 2020 to 2021). The results of the model estimate using the least feasible squared method show that public spending positively impacts economic growth in localities even in the context of the impact of Covid-19. The presence of Covid-19 has had a strong negative effect on economic growth in localities considering both the number of infections and the period of infection and has significantly reduced the impact of public expenditure, extra-budget investment, and human resources. This result is consistent with the actual situation in Vietnam during the Covid-19 pandemic. An interesting finding of the study is that the negative impact of corruption on local economic growth has decreased significantly in the context of the impact of Covid-19. Therefore, improving the efficiency of public expenditure, attracting extra-budget investment, and promoting the efficiency of local labor resources are still important to contribute to promoting economic growth in Vietnamese localities. |
| first_indexed | 2024-04-24T22:59:26Z |
| format | Article |
| id | doaj.art-e59f67773028429a94a42636f646fda6 |
| institution | Directory Open Access Journal |
| issn | 2734-9314 2734-9586 |
| language | English |
| last_indexed | 2024-04-24T22:59:26Z |
| publishDate | 2023-06-01 |
| publisher | HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE |
| record_format | Article |
| series | Ho Chi Minh City Open University Journal of Science - Economics and Business Administration |
| spelling | doaj.art-e59f67773028429a94a42636f646fda62024-03-17T16:59:18ZengHO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCEHo Chi Minh City Open University Journal of Science - Economics and Business Administration2734-93142734-95862023-06-01141506410.46223/HCMCOUJS.econ.en.14.1.2565.20231947The impact of public expenditure on economic growth in Vietnamese localities: Research in the context of the impact of Covid-19Phan Thi Hang Nga0Pham Minh Tien1University of Finance - Marketing, Ho Chi Minh CityUniversity of Finance - Marketing, Ho Chi Minh CityThe article studies the impact of provincial public expenditure on economic growth in Vietnamese localities in the context of the impact of Covid-19, with balance panel data of 63 provinces and cities collected in the period 2012 - 2021 (Covid-19 pandemic from 2020 to 2021). The results of the model estimate using the least feasible squared method show that public spending positively impacts economic growth in localities even in the context of the impact of Covid-19. The presence of Covid-19 has had a strong negative effect on economic growth in localities considering both the number of infections and the period of infection and has significantly reduced the impact of public expenditure, extra-budget investment, and human resources. This result is consistent with the actual situation in Vietnam during the Covid-19 pandemic. An interesting finding of the study is that the negative impact of corruption on local economic growth has decreased significantly in the context of the impact of Covid-19. Therefore, improving the efficiency of public expenditure, attracting extra-budget investment, and promoting the efficiency of local labor resources are still important to contribute to promoting economic growth in Vietnamese localities.https://journalofscience.ou.edu.vn/index.php/econ-en/article/view/2565covid-19economic growthprovincial public expenditurevietnam |
| spellingShingle | Phan Thi Hang Nga Pham Minh Tien The impact of public expenditure on economic growth in Vietnamese localities: Research in the context of the impact of Covid-19 Ho Chi Minh City Open University Journal of Science - Economics and Business Administration covid-19 economic growth provincial public expenditure vietnam |
| title | The impact of public expenditure on economic growth in Vietnamese localities: Research in the context of the impact of Covid-19 |
| title_full | The impact of public expenditure on economic growth in Vietnamese localities: Research in the context of the impact of Covid-19 |
| title_fullStr | The impact of public expenditure on economic growth in Vietnamese localities: Research in the context of the impact of Covid-19 |
| title_full_unstemmed | The impact of public expenditure on economic growth in Vietnamese localities: Research in the context of the impact of Covid-19 |
| title_short | The impact of public expenditure on economic growth in Vietnamese localities: Research in the context of the impact of Covid-19 |
| title_sort | impact of public expenditure on economic growth in vietnamese localities research in the context of the impact of covid 19 |
| topic | covid-19 economic growth provincial public expenditure vietnam |
| url | https://journalofscience.ou.edu.vn/index.php/econ-en/article/view/2565 |
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