Does Government Spending in Health, Education, and Military Improve Welfare in Asian Developing Countries?

Wiksadana, Wiksadana; Sihaloho, Estro Dariatno

doi:10.18196/jesp.v22i1.9337

Cited by 4 publications

(3 citation statements)

References 18 publications

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“…The findings of FEM illustrate that education expenditure, health expenditure, investment and government positively and significantly affect economic growth of selected SAARC countries. These findings are identical with; (Khan et al, 2016, Sihaloho, 2021and Donou-Adonsou et al, 2021.…”

Section: Conclusion and Policy Implicationssupporting

confidence: 75%

Dynamics of Education Expenditure, Health Expenditure and Economic Growth: The Case of Selected SAARC Countries

Ud Din,

Sher,

Ullah Awan

2023

Forman J. econ. stud.

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This study examines the dynamics of expenditures on education; expenditures on health and economic growth for case of selected SAARC countries by employing panel data for the time span of 1990 to 2022. The result of unit root test exhibits that except education expenditure, which is stationary at level, all other variables are stationary at the 1st difference. Hausman test proposes that fixed effect model (FEM) is suitable for estimations. FEM with a specific cross-section coefficient is also used in the study. The results of FEM reveal that education expenditure, health expenditure, investment and government positively and significantly influence economic growth of selected SAARC countries. Results of Pedroni, Johansen as well as Kao co-integration tests explored long run connections among expenditures on education, expenditures on health and economic growth in selected SAARC countries. Results of Fully Modified Ordinary Least Square and Dynamic Modified Ordinary Least Square and ARDL methods suggest positive as well as significant effect of expenditures on education, health expenditure and investment on economic growth of selected SAARC countries in long run. The results exhibit positive and significant association of education expenditure and health expenditure while positive but insignificant association of investment with economic growth of selected SAARC nations in short run. Findings of the study indicate that increased investment can have crucial effect in enhancing economic growth in selected SAARC nations. The study suggested that advancing human capital through more spending on health and education is essential for economic growth. Enhancing investment in these two areas of human capital should be the highest priority for policy makers in selected SAARC countries.

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Section: Conclusion and Policy Implicationssupporting

confidence: 75%

Dynamics of Education Expenditure, Health Expenditure and Economic Growth: The Case of Selected SAARC Countries

Ud Din,

Sher,

Ullah Awan

2023

Forman J. econ. stud.

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“…The workers' pay is increased, and the community's welfare is more equitably distributed (Fadliansah, et al, 2021). The government expenditure on health and education had a considerable and favorable effect on social welfare (Wiksadana & Sihaloho, 2021). This expenditure fosters economic growth to improve educational attainment and health.…”

Section: Maurilla Suriani and Nasir Do Poverty And Economic Growth Ma...mentioning

confidence: 99%

Do Poverty and Economic Growth Matter for Income Inequality Reduction in Yogyakarta Province?

Maurilla

Suriani

Nasir

2023

JESP

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It has been observed that income inequality is an economic element that may impede a nation's economic development. In general, Indonesia's Gini ratio has remained low for nearly a decade, although one region, Yogyakarta Province, unexpectedly exceeds the national average. The provincial government of Yogyakarta must focus more on reducing income inequality. Therefore, this study employs the Poverty-Growth-Inequality Triangle model approach to investigate the complexity of income inequality in Yogyakarta Province. The data is collected from five cities in Yogyakarta Province from 2010 to 2021. For the quantitative study, a Simultaneous Equation Model analysis with three iterations of least squares is performed. The results indicate that there is no causal relationship between income inequality and economic growth or poverty. According to the model of income inequality, education and the district minimum wage have a significant impact on income inequality. Therefore, local governments are advocated to evaluate policies aimed at reducing income inequality through education system reform, equity in district minimum wage and economic growth, and efficiency in the utilization of income inequality-related funds.

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“…As the exclusion of some years (causing the unbalanced panel) is not consistent, the unbalanced character of the data is not problematic (Kastratović, 2019). Nevertheless, the use of the unbalanced panel in the developing country international agricultural economics literature (Kastratović, 2019;Wardhani and Haryanto, 2020;Djokoto, 2021a,b) and welfare literature (Jarvis, 1988;Wiksadana and Sihaloho, 2021) are not uncommon. The developing countries are listed in the Appendix.…”

Section: Datamentioning

confidence: 99%

Welfare Effects of Agricultural Foreign Direct Investment in Developing Countries

Djokoto

Henaku

Badu-Prah

2022

Front. Sustain. Food Syst.

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Many developing countries have embraced policies to attract foreign direct investment into their respective economies including the agricultural sector to enhance technology transfer, employment, and trade among other benefits. On the other hand, foreign direct investment into the agricultural sector has been associated with competition with local agricultural produce from imported raw and processed products and land grabbing that has deprived farmers of land for cultivation. These could have implications for the investment and employment of indigenes in the agricultural sector and consequently welfare. This raises the question, does agricultural foreign direct investment promote or discourage welfare? In this paper, we assessed the welfare effects of agricultural foreign direct investment in developing countries. Using an unbalanced panel data of 51 developing countries from 1990 to 2019 with a fixed-effects estimator, we found that agricultural foreign direct investment promotes welfare in developing countries. Openness to trade, population growth, human capital, and infrastructure enhanced welfare. Whilst government expenditure did not promote welfare, inflation did not affect welfare. Whilst promoting foreign direct investment into agriculture, governments in developing countries must improve human capital, develop infrastructure, and pursue trade openness policies. Final government expenditure on goods and services needs to be redirected into funding projects and programmes that improve the health, education, and income of citizens, especially the poor.

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Does Government Spending in Health, Education, and Military Improve Welfare in Asian Developing Countries?

Cited by 4 publications

References 18 publications

Dynamics of Education Expenditure, Health Expenditure and Economic Growth: The Case of Selected SAARC Countries

Dynamics of Education Expenditure, Health Expenditure and Economic Growth: The Case of Selected SAARC Countries

Do Poverty and Economic Growth Matter for Income Inequality Reduction in Yogyakarta Province?

Welfare Effects of Agricultural Foreign Direct Investment in Developing Countries

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