The impact of government efficiency and macroeconomics on public debt: empirical evidence from advanced economies and emergingeconomies
This research investigates the empirical relationship of government efficiency, corruption, and inflation regarding public debt between advanced and emerging economies. Random effects estimation is used to analyse a sample of 40 countries. The analysis results show that corruption and inflation in a...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Universiti Putra Malaysia Press
2021
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| Online Access: | http://psasir.upm.edu.my/id/eprint/95460/1/The%20Impact%20of%20Government%20Efficiency%2C%20Corruption%2C%20and%20Inflation.pdf |
| _version_ | 1825937579955978240 |
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| author | Wei, Ni Soh Muhamad, Haslinah Ong, Tze San |
| author_facet | Wei, Ni Soh Muhamad, Haslinah Ong, Tze San |
| author_sort | Wei, Ni Soh |
| collection | UPM |
| description | This research investigates the empirical relationship of government efficiency, corruption, and inflation regarding public debt between advanced and emerging economies. Random effects estimation is used to analyse a sample of 40 countries. The analysis results show that corruption and inflation in advanced economies have a significant and positive effect on public debt. Corruption affects public debt to increase, but on the flip side, inflation affects public debt to decrease. In emerging economies, the results show a positive impact of government efficiency on public debt. Hence, government efficiency will be considered an obstacle when a policy initiated to reduce public debt. Meanwhile, policymakers should take note countries’ corruption and inflation rates when formulating policies to reduce public debt in advanced economies. |
| first_indexed | 2024-03-06T11:01:40Z |
| format | Article |
| id | upm.eprints-95460 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T11:01:40Z |
| publishDate | 2021 |
| publisher | Universiti Putra Malaysia Press |
| record_format | dspace |
| spelling | upm.eprints-954602022-12-21T03:14:00Z http://psasir.upm.edu.my/id/eprint/95460/ The impact of government efficiency and macroeconomics on public debt: empirical evidence from advanced economies and emergingeconomies Wei, Ni Soh Muhamad, Haslinah Ong, Tze San This research investigates the empirical relationship of government efficiency, corruption, and inflation regarding public debt between advanced and emerging economies. Random effects estimation is used to analyse a sample of 40 countries. The analysis results show that corruption and inflation in advanced economies have a significant and positive effect on public debt. Corruption affects public debt to increase, but on the flip side, inflation affects public debt to decrease. In emerging economies, the results show a positive impact of government efficiency on public debt. Hence, government efficiency will be considered an obstacle when a policy initiated to reduce public debt. Meanwhile, policymakers should take note countries’ corruption and inflation rates when formulating policies to reduce public debt in advanced economies. Universiti Putra Malaysia Press 2021-09-27 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/95460/1/The%20Impact%20of%20Government%20Efficiency%2C%20Corruption%2C%20and%20Inflation.pdf Wei, Ni Soh and Muhamad, Haslinah and Ong, Tze San (2021) The impact of government efficiency and macroeconomics on public debt: empirical evidence from advanced economies and emergingeconomies. Pertanika Journal of Social Science and Humanities, 29 (3). pp. 1551-1570. ISSN 0128-7702; ESSN: 2231-8534 http://www.pertanika.upm.edu.my/pjtas/browse/regular-issue?article=JTAS-2323-2021 10.47836/pjssh.29.3.05 |
| spellingShingle | Wei, Ni Soh Muhamad, Haslinah Ong, Tze San The impact of government efficiency and macroeconomics on public debt: empirical evidence from advanced economies and emergingeconomies |
| title | The impact of government efficiency and macroeconomics on public debt: empirical evidence from advanced economies and emergingeconomies |
| title_full | The impact of government efficiency and macroeconomics on public debt: empirical evidence from advanced economies and emergingeconomies |
| title_fullStr | The impact of government efficiency and macroeconomics on public debt: empirical evidence from advanced economies and emergingeconomies |
| title_full_unstemmed | The impact of government efficiency and macroeconomics on public debt: empirical evidence from advanced economies and emergingeconomies |
| title_short | The impact of government efficiency and macroeconomics on public debt: empirical evidence from advanced economies and emergingeconomies |
| title_sort | impact of government efficiency and macroeconomics on public debt empirical evidence from advanced economies and emergingeconomies |
| url | http://psasir.upm.edu.my/id/eprint/95460/1/The%20Impact%20of%20Government%20Efficiency%2C%20Corruption%2C%20and%20Inflation.pdf |
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