Growth Effects of Governmental Policies: A Comparative Analysis in a Multi‐Country Context

Brons, Martijn; Groot, H.L.F. de; Nijkamp, Peter

doi:10.1111/0017-4815.00144

Cited by 15 publications

(10 citation statements)

References 40 publications

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“…The short-run coefficient of Trade openness indicates that Trade openness has a significant and positive effect on a 1 percent increase in Trade openness enhances GDP growth by 18 percent in lag 2. Brons, De Groot, and Nijkamp (2000) found positive significant relationship between economic growth and trade openness. Also, population growth has highly significant and negative relationship on GDP growth.…”

Section: Ardl Bound Testmentioning

confidence: 87%

Empirical Investigation of the Influence of Fiscal Policy on Sri Lankas Economic Growth from 1990 to 2019

Maheswaranathan

Jeewanthi

2021

Asian Journal of Economic Modelling

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Fiscal policy is a macroeconomic instrument used by the government to steady the economy by instigating its revenue such as tax, foreign aid, trade surplus and expenditures. This study explores the impact of Fiscal Policy on the Economic Growth of Sri Lanka using the autoregressive distributed lag (ARDL) approach of cointegration by applying time-series data from 1990 to 2019. The findings of the study revealed that both in the long run and in the short run, fiscal policy has a significant impact on the Economic growth of the country. The value of the long-run coefficient indicates the relationship between fiscal policy and economic growth is stronger. Diagnostic tests such as serial correlation, functional form, normality of error term and heteroscedasticity and CUSUM stability tests are performed to check the heftiness of the ARDL model. To promote the economic growth of the country the government should be pursued an expansionary fiscal policy. Contribution/ Originality:This study contributes to the existing literature through the application of the ARDL bounds testing approach to the cointegration model in order to capture the relationship between fiscal policy and economic growth with the Means of Implementation in the economic growth of Sri Lanka.

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Section: Ardl Bound Testmentioning

confidence: 87%

Empirical Investigation of the Influence of Fiscal Policy on Sri Lankas Economic Growth from 1990 to 2019

Maheswaranathan

Jeewanthi

2021

Asian Journal of Economic Modelling

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“…There is by now a large literature on the empirical impact of public policieson growth (surveyed by, among others, Pfaehler et al , 1996; Poot, 2000; Brons et al , 2000). These studies can be broadly classified into three categoriesdepending on the adopted econometric approach: cross section, time‐series,and pooled cross section regressions.…”

Section: Data and Empirical Methodologymentioning

confidence: 99%

Public Investment Rules and Endogenous Growth with Empirical Evidence From Canada

Kalyvitis

2003

Scottish J Political Eco

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This paper examines theoretically and empirically the effects of public investment rules on output growth in an economy with private and public capital. It is shown that the decisions on public capital formation are closely associated with the growth rate of output and generate endogenous growth. A permanent change in the policy rule implies a new long-run growth rate of output, but the economy will only gradually approach the new steady-state due to adjustment costs in private capital accumulation. The model predictions are tested using data from Canada for the period 1955 -1999. The data support the endogenous growth hypothesis and the two central assumptions of the model: (i) the growth rate of output follows closely the rate of infrastructure formation and (ii) private capital formation also follows the rate of infrastructure formation but adjusts with a delay.

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“…The study focuses on the impact of monetary and fiscal policies of Bangladesh. Applied Economics, 35 (6), 691-703, doi:…”

Section: Summary Of Findingsmentioning

confidence: 99%

The Effects of Monetary and Fiscal Policies on Economic Growth in Bangladesh

Noman¹,

Khudri²

2015

EAPJFRM

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Growth Effects of Governmental Policies: A Comparative Analysis in a Multi‐Country Context

Cited by 15 publications

References 40 publications

Empirical Investigation of the Influence of Fiscal Policy on Sri Lankas Economic Growth from 1990 to 2019

Empirical Investigation of the Influence of Fiscal Policy on Sri Lankas Economic Growth from 1990 to 2019

Public Investment Rules and Endogenous Growth with Empirical Evidence From Canada

The Effects of Monetary and Fiscal Policies on Economic Growth in Bangladesh

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