Public investment and economic growth in ECOWAS countries: Does governance Matter?

Bah, Mamadou; Kpognon, Koffi

doi:10.1080/20421338.2020.1796051

Cited by 18 publications

(8 citation statements)

References 57 publications

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“…Hasil ini sesuai dengan Teori Keynes dan Teori Harrod-Domar, di mana Teori Keynes menyatakan belanja pemerintah dan investasi memiliki peran dalam pertumbuhan ekonomi. Selain itu, hasil ini juga didukung oleh hasil dari penelitian Rosli and Kamaluddin (2021) yang menyatakan bahwa belanja pemerintah dan FDI memiliki hubungan positif yang signifikan dengan pertumbuhan ekonomi negara-negara Asia Tenggara, Rahman et al (2016) yang menemukan bahwa belanja pemerintah dalam APBD memiliki pengaruh positif terhadap PDRB di Provinsi Banten, Fahlewi et al (2020) yang menemukan pengaruh positif signifikan belanja pemerintah terhadap PDRB di provinsi Sumatra Selatan, Mauliansyah and Mard (2017) yang menemukan bahwa investasi berpengaruh positif dan signifikan terhadap PDRB Aceh dan Bah and Kpognon (2021) yang menunjukkan bahwa investasi publik dan pemerintahan memiliki pengaruh positif dan dampak yang signifikan terhadap pertumbuhan ekonomi di Komunitas Ekonomi Negara-Negara Afrika Barat dalam jangka panjang.…”

Section: Hasil Dan Pembahasanunclassified

Pengaruh Belanja Pemerintah Pusat Dan Investasi Terhadap Pertumbuhan Ekonomi Di Maluku Utara

Tesapati¹

2022

BSE

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Economic growth is considered as an indicator of improving the welfare of the people in a country or region. Economic growth in North Maluku does not always run smoothly. This is reflected in the trend of gross regional domestic product (GRDP). On the other hand, central government spending and investment continues to be carried out by the government and enters North Maluku. This research is to find out how the influence of central government spending and investment on GRDP in North Maluku. This study uses the VECM method to determine the long-term and short-term relationship of each variable. In addition, this method is used to determine the response of GRDP to the shocks of each variable and the contribution of its influence. The results of this study are that in the long term government spending and investment have a positive effect on GRDP in North Maluku. Meanwhile, in the short term only the 2nd lag investment and the constant have no significant effect.

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Section: Hasil Dan Pembahasanunclassified

Pengaruh Belanja Pemerintah Pusat Dan Investasi Terhadap Pertumbuhan Ekonomi Di Maluku Utara

Tesapati¹

2022

BSE

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“…Second, Barhoumi et al (2018) do not investigate the relationship between financing sources and efficiency. While institutional factors and government size are well known determinants of government efficiency (Hauner and Kyobe, 2010) with strong evidence of the role of good governance in enhancing the investment-growth nexus (Bah and Kpognon, 2021), there is no empirical evidence of the potential impact of financing sources on public spending efficiency. Although public investment is increasingly financed by public debt, we do not know how the composition of this debt, in terms of domestic debt (including regional debt) and external debt, affects the quality of public spending.…”

Section: Introductionmentioning

confidence: 99%

Public investment efficiency in WAEMU zone: do financing sources matter?

Bamba

Somé

2022

IJDI

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Purpose This paper aims to assess the efficiency of public investment in West African Economic and Monetary Union (WAEMU) countries at both the global and sectoral level over the 2005–2015 period. Design/methodology/approach This paper estimates efficiency scores using stochastic frontier analysis (SFA) models. Efficiency is divided into managerial efficiency (related to inputs management) and technological efficiency (related to production technology). A Tobit model is then used to investigate the determinants of public investment efficiency. Findings The findings suggest that, at the global level, WAEMU countries are less efficient than sub-Saharan African and Asian reference countries. However, the breakdown of global efficiency into managerial and technological reveals that WAEMU countries are more efficient than sub-Saharan African countries in terms of technological efficiency. Moreover, these findings are robust to nonparametric estimation. The assessment of financing sources indicates that external debt has a more positive and significant effect on public investment efficiency than internal debt does. Originality/value This paper is unique in that it disentangles managerial efficiency from the technological efficiency of public investment in WEAMU countries and highlights how financing sources of investment affect its efficiency. In terms of policy implications, the underlying message of the results is that the rules and conditions of domestic or regional debt in the WAEMU countries must be strengthened to ensure better monitoring and then better efficiency of these resources.

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“…In this regard, countries try to ensure the availability of such energy sources that meet the objective of sustainable economic development. Certainly, the achievement of high economic progress is one of the major economic policy agendas of economists (Bah and Kpognon, 2021). Nonetheless, it is equally important to ensure sustainable economic growth.…”

Section: Introductionmentioning

confidence: 99%

Does investment in energy matter for economic growth? Evidence from BRICS countries

Tabash

Farooq

Al-Rdaydeh

et al. 2022

IJOA

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Purpose This study aims to explore the impact of energy investment on economic growth. Specifically, the study investigates the impact of energy consumption, foreign investment, infrastructure development, tax revenue, human capital, international tourism revenue and trade volume on economic growth. Design/methodology/approach To achieve the aim, the authors sample the 24-years (1996–2019) financial statistics of BRICS countries. Given the econometric recommendations supplemented by the Johnsen cointegration test, the current study uses the fully modified ordinary least square model for regression analysis and checks the robustness through robust least square model. Findings The statistical analysis shows a direct impact of energy investment on economic growth. In addition, the statistical results indicate a positive impact of energy consumption, foreign investment, infrastructure development, tax revenue, human capital and trade volume on economic growth. Research limitations/implications The results present practical implications for policymakers regarding the adequate investment in energy production that can further promote the economic growth in BRICS countries. Policy officials should enhance the volume of renewable energy production, foreign investment and tax revenue. Additionally, it is equally suggested to policymakers regarding the development of infrastructure and human capital to ensure economic growth. Originality/value This study supplements the novel and robust evidence on investment in energy-leading economic growth.

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Public investment and economic growth in ECOWAS countries: Does governance Matter?

Cited by 18 publications

References 57 publications

Pengaruh Belanja Pemerintah Pusat Dan Investasi Terhadap Pertumbuhan Ekonomi Di Maluku Utara

Pengaruh Belanja Pemerintah Pusat Dan Investasi Terhadap Pertumbuhan Ekonomi Di Maluku Utara

Public investment efficiency in WAEMU zone: do financing sources matter?

Does investment in energy matter for economic growth? Evidence from BRICS countries

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