Does public expenditure on education promote Tunisian and Moroccan GDP per capita? ARDL approach

Ifa, Adel; Guetat, Imène

doi:10.1016/j.jfds.2018.02.005

Cited by 51 publications

(29 citation statements)

References 7 publications

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“…For example, the conventional cointegration methods require all of the variables of interest to be all integrated in the order of one (I(1)), but in the ARDL method, the variables can be either I(1) or I(0). Furthermore, the ARDL method has its strength in omitted variables and the auto-correlation issue in time series data and can provide valid results even when the sample size is small [51].…”

Section: Methodsmentioning

confidence: 99%

Energy Prices and COVID-Immunity: The Case of Crude Oil and Natural Gas Prices in the US and Japan

Nyga-Łukaszewska

Aruga

2020

Energies

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The COVID-19 pandemic storm has struck the world economies and energy markets with extreme strength. The goal of our study is to assess how the pandemic has influenced oil and gas prices, using energy market reactions in the United States and Japan. To investigate the impact of the COVID-19 cases on the crude oil and natural gas markets, we applied the Auto-Regressive Distributive Lag (ARDL) approach to the number of the US and Japanese COVID-19 cases and energy prices. Our study period is from 21 January 2020 to 2 June 2020, and uses the latest data available at the time of model calibration and captures the so-called “first pandemic wave”. In the US, the COVID-19 pandemic had a statistically negative impact on the crude oil price while it positively affected the gas price. In Japan, this negative impact was only apparent in the crude oil market with a two-day lag. Possible explanations of the results may include differences in pandemic development in the US and Japan, and the diverse roles both countries have in energy markets.

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Section: Methodsmentioning

confidence: 99%

Energy Prices and COVID-Immunity: The Case of Crude Oil and Natural Gas Prices in the US and Japan

Nyga-Łukaszewska

Aruga

2020

Energies

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“…In addition, the study of Ayo et al (2011) in Nigeria show a two-way causal relationship between government spending and economic growth, both in the short and long term. Ifa and Guetat (2018) examined the impact of government spending on education on the increase in GDP per capita in Tunisia and Morocco for the period 1980-2015 using the Auto-Regressive Distributive Lags (ARDL) approach. The results show that government spending on education has a positive and significant impact on GDP per capita of both countries, but is more intensive in Morocco.…”

Section: Literature Reviewmentioning

confidence: 99%

The Relationship Between Government Spending and Economic Growth Revisited

Wahyudi

2020

IJEFI

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This study aims to analyze and verify the relationship between government spending and economic growth. This relationship has been a hot topic for debate among economists, with plenty of research done and being done upon it. This particular study uses panel data from 34 provinces in Indonesia during the 2014-2018 period. During this time, Indonesia's government allocated significant amount of its annual budget towards infrastructure. The estimated econometric test result using the Granger Causality Test did not find support for the effect of economic growth on government spending. Conversely, government spending has a significant effect on economic growth. This study provides support for Keynesian economic system, where government spending is used as a policy instrument to encourage economic growth in a nation.

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“…The impact of government expenditures on education as GDP per capita of Tunisia and Morocco was analyzed in (IFA, GUETAT, 2018,), concluding that public expenditure on education serves to increase the GDP per capita of the two countries. Soft computing approach was applied in (Maksimović, Jović, Jovanović, Anicić, 2017) to predict the gross domestic product (GDP) according to several factors of health care expenditure.…”

Section: Introductionmentioning

confidence: 99%

The Analysis of Government Expenditures in the European Union

2020

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This article analyses data on general government expenditure, at the level of the European Union (EU 28) according to the Classification of the Functions of Government – COFOG over the 2008-2017 period. Data shows that the expenditures increased at the beginning of the economic crisis in all EU countries, being followed by a slowdown in expenditures growth. All countries have adopted policies in order to reduce government expenditures towards the end of the period, aiming to increase their efficiency. Usually in high-income countries, compared with low-income countries, government expenditures are much larger as percent of gross domestic product (GDP), but the relations are not very strong though.

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Does public expenditure on education promote Tunisian and Moroccan GDP per capita? ARDL approach

Cited by 51 publications

References 7 publications

Energy Prices and COVID-Immunity: The Case of Crude Oil and Natural Gas Prices in the US and Japan

Energy Prices and COVID-Immunity: The Case of Crude Oil and Natural Gas Prices in the US and Japan

The Relationship Between Government Spending and Economic Growth Revisited

The Analysis of Government Expenditures in the European Union

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