Fiscal policy, institutions, and economic growth in Asian countries: Evidence from Pedroni’s Cointegration approach
This paper investigates the relationship between fiscal policy, institutions, and economic growth and also the role of the institution in Asian economies between 1982 and 2001 through the application of Pedroni’s Cointegration approach. It examined two different channels through which fiscal policy...
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| Format: | Article |
| Language: | English |
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Universiti Utara Malaysia
2008
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| Online Access: | https://repo.uum.edu.my/id/eprint/2914/1/mmj12127%5B1%5D_Hussin_Abdullah.pdf |
| _version_ | 1825740055417716736 |
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| author | Abdullah, Hussin Habibullah, Muzafar Shah Baharumshah, Ahmad Zubaidi |
| author_facet | Abdullah, Hussin Habibullah, Muzafar Shah Baharumshah, Ahmad Zubaidi |
| author_sort | Abdullah, Hussin |
| collection | UUM |
| description | This paper investigates the relationship between fiscal policy, institutions, and economic growth and also the role of the institution in Asian economies between 1982 and 2001 through the application of Pedroni’s Cointegration approach. It examined two different channels through which fiscal policy and institutions can affect long-run economic growth in Asian economies. The first channel is when aggregate of government expenditure, aggregate of other fiscal variables, and the institution affect the real per capita Gross Domestic Production (GDP) and the second channel is to determine the role of institutions on the real per capita GDP. The Pedroni Cointegration result established a long-run relationship between fiscal policy, institution, and economic growth. We found a positive and statistically significant impact of aggregate of government expenditure and aggregate of other fiscal variables and institution on real per capita GDP. We also found that there is a role of institutions on the real per capita GDP. |
| first_indexed | 2024-07-04T05:20:26Z |
| format | Article |
| id | uum-2914 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:20:26Z |
| publishDate | 2008 |
| publisher | Universiti Utara Malaysia |
| record_format | eprints |
| spelling | uum-29142015-06-25T06:58:06Z https://repo.uum.edu.my/id/eprint/2914/ Fiscal policy, institutions, and economic growth in Asian countries: Evidence from Pedroni’s Cointegration approach Abdullah, Hussin Habibullah, Muzafar Shah Baharumshah, Ahmad Zubaidi HC Economic History and Conditions This paper investigates the relationship between fiscal policy, institutions, and economic growth and also the role of the institution in Asian economies between 1982 and 2001 through the application of Pedroni’s Cointegration approach. It examined two different channels through which fiscal policy and institutions can affect long-run economic growth in Asian economies. The first channel is when aggregate of government expenditure, aggregate of other fiscal variables, and the institution affect the real per capita Gross Domestic Production (GDP) and the second channel is to determine the role of institutions on the real per capita GDP. The Pedroni Cointegration result established a long-run relationship between fiscal policy, institution, and economic growth. We found a positive and statistically significant impact of aggregate of government expenditure and aggregate of other fiscal variables and institution on real per capita GDP. We also found that there is a role of institutions on the real per capita GDP. Universiti Utara Malaysia 2008 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/2914/1/mmj12127%5B1%5D_Hussin_Abdullah.pdf Abdullah, Hussin and Habibullah, Muzafar Shah and Baharumshah, Ahmad Zubaidi (2008) Fiscal policy, institutions, and economic growth in Asian countries: Evidence from Pedroni’s Cointegration approach. Malaysian Management Journal, 12 (1&2). pp. 117-135. ISSN 0128-6226 http://mmj.uum.edu.my/ |
| spellingShingle | HC Economic History and Conditions Abdullah, Hussin Habibullah, Muzafar Shah Baharumshah, Ahmad Zubaidi Fiscal policy, institutions, and economic growth in Asian countries: Evidence from Pedroni’s Cointegration approach |
| title | Fiscal policy, institutions, and economic growth in Asian countries: Evidence from Pedroni’s Cointegration approach |
| title_full | Fiscal policy, institutions, and economic growth in Asian countries: Evidence from Pedroni’s Cointegration approach |
| title_fullStr | Fiscal policy, institutions, and economic growth in Asian countries: Evidence from Pedroni’s Cointegration approach |
| title_full_unstemmed | Fiscal policy, institutions, and economic growth in Asian countries: Evidence from Pedroni’s Cointegration approach |
| title_short | Fiscal policy, institutions, and economic growth in Asian countries: Evidence from Pedroni’s Cointegration approach |
| title_sort | fiscal policy institutions and economic growth in asian countries evidence from pedroni s cointegration approach |
| topic | HC Economic History and Conditions |
| url | https://repo.uum.edu.my/id/eprint/2914/1/mmj12127%5B1%5D_Hussin_Abdullah.pdf |
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