Economic Growth and Government Spending in Saudi Arabia: an Empirical Investigation

Alshahrani, Saad A.; Alsadiq, Ali

doi:10.5089/9781484348796.001

Cited by 67 publications

(82 citation statements)

References 12 publications

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“…Thus, the study concluded that the Keynesian theory which states that increases in government spending result in increases in GDP was not supported by the data from Sudan. Alshahrani and Alsadiq (2014) empirically examined the effects of different types of government expenditures on economic growth in Saudi Arabia over the period from 1969 to 2010. Findings from the study indicated that while private domestic and public investments, as well as healthcare expenditure, stimulated growth in the long-run, openness to trade and spending in the housing sector could also boost short-run production.…”

Section: Review Of Government Spending and Growth Nexusmentioning

confidence: 99%

Oil Revenue, Public Spending and Economic Growth Relationships in Nigeria

Aregbeyen¹,

Kolawole²

2015

JSD

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This study examined the relationships among oil revenue, government spending, and economic growth in Nigeria. By implication, it investigated whether oil revenue impacted on government spending, as well as on economic growth in the country over the period from 1980 to 2012. Time series data were analyzed using econometric techniques which included Ordinary Least Square (OLS), cointegration, Vector Error Correction Model (VECM), and Granger causality to determine the direction of causality and the magnitude of impacts of the variables. Findings from the analysis revealed that oil revenue Granger caused both of total government spending and growth, while there was no-causality between government spending and growth in the country. The study therefore suggested that government should increase spending on capital projects as well as intensify efforts at increasing output in the oil sub-sector in order to boost economic growth in Nigeria.

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Section: Review Of Government Spending and Growth Nexusmentioning

confidence: 99%

Oil Revenue, Public Spending and Economic Growth Relationships in Nigeria

Aregbeyen¹,

Kolawole²

2015

JSD

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“…The study revealed that aggregate government expenditure impacted positively on GDP growth in the country. Similarly, Alshahrani and Alsadiq (2014) empirically examined the effects of several components of government expenditures on economic growth in Saudi Arabia from the period 1969 to 2010. Results from the study showed that healthcare expenditure, public and private investments propelled growth in the country.…”

Section: Review Of Selected Previous Studies On Government Spending Amentioning

confidence: 99%

Government Spending and Inclusive-Growth Relationship in Nigeria: An Empirical Investigation

Kolawole

2016

Zagreb International Review of Economics and Business

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Abstract:This study has investigated the relationship between government spending and inclusive growth in Nigeria over the period 1995 to 2014. Specifi cally, it examined how, and to what extent, government spending on education, government spending on health, economic freedom, public resource use, and real GDP growth rate have impacted on inclusive growth in the country. It used the Dickey-Fuller GLS unit root test to ascertain the order of integration of the series. Consequently, through the Auto-Regressive Distributed Lag (ARDL) bound testing technique, the study found that in the long-run government spending on health, economic freedom, public resource use and real GDP growth rate had signifi cantly positive infl uence on inclusive growth. In the short-run, however, only real GDP impacted signifi cantly on inclusive growth while other variables were not signifi cant in causing inclusive growth. Thus, in conclusion, government spending in the form of redistributive spending on health propelled inclusive growth in Nigeria.

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“…As found in Alshahrani and Alsadiq (2014) as well as in Devarajan et al, (1996), government expenditures on health sector is found to be a driver of economic growth across provinces. This result implies a 1% change in government expenditure on health sector causes an approximately 2% increase in economic growth across provinces, ceteris paribus.…”

Section: Hausman Testmentioning

confidence: 93%

“…Empirical studies have proven this. Positive associations between government expenditures, specifically productive ones, and economic growth have been shown by, among others, Barro (1990), Monteiro and Turnovsky (2008), and Alshahrani and Alsadiq (2014). Components of productive expenditures with a negative association to economic growth have been examined by Mura (2014), Bergh and Henrekson (2011), and Saad and Kalacech (2009).…”

Section: Empirical Evidence From Previous Studiesmentioning

confidence: 97%

Do Productive Government Expenditures Affect Economic Growth? Evidence from Provincial Governments across Indonesia

Sijabat

2017

JGP

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This study is intended to examine the impacts of productive expenditures on economic growth on the 25 provinces found in Indonesia before fiscal decentralization (covering 1994-1997) and 33 provinces after decentralization over the period [2011][2012][2013][2014][2015]. The empiric approach has been implemented through a panel data approach and regression model estimated to follow the endogenous growth model of Barro (1990). The main findings of this research show that: (1) provincial governments' productive expenditures in education promoted economic growth in the 25 pre-decentralization provinces; and (2) productive expenditures in the security and public order sector, health and education sector have promoted economicgrowthinthe 33 post-decentralization provinces. From these results, it can be concluded that this study has contributed to economic literature by indicating that different types of productive government expenditures offer different impacts on economic growth. The policy implications which can be formulated from the results of this study are that provincial governments should promote and provide incentives for private investments in the public sector because only the education sector (before fiscal decentralization) and the security and public order sector as well as the education sector (after fiscal decentralization) have a statistically significant role in promoting economic growth. This can be realized through public-private partnership, which has greatly increased the performance of public-sector investment around the world. Future research, using relevant control variables to estimate the effects of productive expenditures on economic growth, will provide a greater empiric contribution to the literature. Keywords: productive expenditures, economic growth, fiscal decentralization. JEL Classification: H11, O40, H5. 2 ABSTRAKPenelitian ini dimaksudkan untuk menguji dampak dari produktivitas pertumbuhan ekonomi di 25 provinsi yang ada di Indonesia sebelum desentralisasi fiskal (meliputi 1994-1997) dan 33 provinsi setelah desentralisasi selama periode 2011-2015. Pendekatan empiris ini telah dilaksanakan melalui pendekatan data panel dan model regresi yang diperkirakan mengikuti model pertumbuhan endogen Barro (1990). Temuan utama dari penelitian ini menunjukkan bahwa: (1) pengeluaran produktif pemerintah provinsi dalam pendidikanmempromosikanpertumbuhanekonomidi25provinsipra-desentralisasi;dan (2) produktif penditures dalam keamanan dan ketertiban sektor publik, kesehatan dan sektor pendidikan yang telah mendorong pertumbuhan ekonomi di 33 provinsi pascadesentralisasi. Darihasil tersebut, dapat disimpulkan bahwa penelitianini telah memberikan kontribusi terhadap literatur ekonomi dengan menunjukkan bahwa berbagai jenis tulisan peerintah secara produktif mengeluarkan tawaran dampak yang berbeda terhadap pertumbuhan ekonomi. Implikasi kebijakan yang dapat dirumuskan dari hasil penelitian ini adalah bahwa pemerintah provinsi harus mempromosikan dan memberikan insentif bagi investasi swasta...

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Economic Growth and Government Spending in Saudi Arabia: an Empirical Investigation

Cited by 67 publications

References 12 publications

Oil Revenue, Public Spending and Economic Growth Relationships in Nigeria

Oil Revenue, Public Spending and Economic Growth Relationships in Nigeria

Government Spending and Inclusive-Growth Relationship in Nigeria: An Empirical Investigation

Do Productive Government Expenditures Affect Economic Growth? Evidence from Provincial Governments across Indonesia

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