Public Sector Size and GDP Growth Nexus: Panel Data Estimation

Mose, Naftaly

doi:10.18488/journal.88.2017.31.1.11

Cited by 6 publications

(5 citation statements)

References 6 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…This result can be attributed to increase in net enrollment in secondary school as a result of subsidised secondary education and free primary education in Kenya. Such findings are consistent with the endogenous growth theories which argue that an improvement in human capital (skilled) improves productivity (Gisore, 2017). The result illuminate with the conclusion of Gebrehiwot (2015); and Kartal et al (2017) that the relationship is positive in short-run.…”

Section: Goodness Of Fit Testsupporting

confidence: 89%

See 1 more Smart Citation

The Relation between the Financial Market Development and Economic Growth in Jordan

Aldweik¹,

Abdul-Khaliq²,

Jaradat³

2020

JESD

View full text Add to dashboard Cite

Although it is theoretically expected that fiscal decentralization leads to efficient provision of local public services and induces economic growth, there is a mixed outcome of the non-devolved and devolved effect on economic expansion across earlier empirical studies. This could be due to non growth-enhancing expenditures that crowdout outlays that are meant to boost economic growth. Further, devolved allocation is small, about 15 % of total revenue, to full stimulate economic growth in Kenya. However, national government spends a substantial amount in counties to complement devolved expenditure. Therefore, the issue of which non-devolved expenditure by national government can foster permanent movements in county economic growth becomes core. The panel ARDL and Kao co integration technique were used to test the linkage between non-devolved expenditure and economic growth in Kenya during the period, 2013-2017. The panel ARDL regression results revealed that the effect of nondevolved expenditure on economic growth was positive and significant in both long-run and short-run. The findings provide a basis for recommendation on the need for national government to increase budget allocation and execution in counties to complement devolved expenditure and also stimulate county economic growth in long-run.

show abstract

Section: Goodness Of Fit Testsupporting

confidence: 89%

“…This process consisted of selecting an appropriate functional form for the model and choosing which variables to include. Building on previous studies (Facchini & Melki, 2013;Gisore, 2017), a simple growth model was formulated as.…”

Section: Model Specificationmentioning

confidence: 99%

The Relation between the Financial Market Development and Economic Growth in Jordan

Aldweik¹,

Abdul-Khaliq²,

Jaradat³

2020

JESD

View full text Add to dashboard Cite

show abstract

“…where Economic Growth measured in GDP per capita is the proxy for development in the economy (Gisore, 2017). Adult literacy rate, Number of Internet Users, Inflation, and Deposit Interest Rates are incorporated as control variables (Karthikeyan, 2011;Oruo, 2013).…”

Section: Concerning Financial Inclusion Neoclassical Economic Theory and New-keynesian Theories Are Capablementioning

confidence: 99%

“…The study used secondary data set from the period 2006 to 2019. Secondary panel data is preferred in this research because it is readily available, cheaper, and easily accessible (Mugenda & Mugenda, 2008;Gisore, 2017). These data were acquired from individual country Statistical abstracts, World Development Indicators database of the World Bank and the Human Development Data of United Nations Development Programme to investigate and model the sources of financial inclusion in East Africa.…”

Section: Concerning Financial Inclusion Neoclassical Economic Theory and New-keynesian Theories Are Capablementioning

confidence: 99%

The Determinants of Financial Inclusion

Mose

Thomi

2021

Financial Internet Quarterly

View full text Add to dashboard Cite

There are hosts of dynamics contributing to financial inclusion. These sources may be both from the demand side and supply side. The government and financial institutions use several policy initiatives to encourage the supply of financial services to the excluded sector. However, the demand-side factors of financial access have attracted little focus. This study provides an overview of sources of financial inclusion and highlights the policy measures from the perspective of consumers of financial services – also known as the demand-side. The secondary series data were estimated using the ordinary least square method. The findings of the study indicate that economic growth and the number of internet users exert a positive and significant effect on financial access in East Africa. On the other hand, the result indicates that the deposit interest rate was insignificant. The study recommends the deposit interest rate be made attractive to promote continuous saving and access to loanable funds in the financial market. The policy strategies therefore should be aimed at cultivating a conducive financial system that upholds financial access-demand-driven rates to stimulate financial growth.

show abstract

“…With fiscal transfer trends in Africa, rural areas are currently receiving more attention than the urban ones (Omolo, 2010). The mechanisms through which components of fiscal transfer may impact regional income growth is through the channel of direct effect on economic activities through improving the country's capital stock and indirectly by improving the marginal productivity of privately supplied factors of production (Gisore, 2017).…”

mentioning

confidence: 99%

Do Fiscal Transfers Foster Regional Economic Growth?

Mose

2021

Financial Internet Quarterly

View full text Add to dashboard Cite

Fiscal transfer development across the world today has been in part driven by assertions of a supposed ‘economic dividend’ linked with the devolved financial spending. There is, however, little empirical evidence to validate these assertions in Kenya. It is against this background that this study was carried out to estimate the end product of fiscal transfer on regional economic growth in Kenya using a secondary panel data set. Using the ARDL estimation technique the long -run and error correction estimates of the model were generated. The findings revealed that increased fiscal transfer in recurrent budgets accelerates regional growth, hence confirming the Keynesian hypothesis. Conversely, fiscal transfer in capital expenditure was insignificant. This study recommends the need for policymakers to put in place policies and strategies that will improve budget allocation and execution in capital budgets so as to improve physical infrastructure and thus boost private productivity and consequently regional income growth.

show abstract

Public Sector Size and GDP Growth Nexus: Panel Data Estimation

Cited by 6 publications

References 6 publications

The Relation between the Financial Market Development and Economic Growth in Jordan

The Relation between the Financial Market Development and Economic Growth in Jordan

The Determinants of Financial Inclusion

Do Fiscal Transfers Foster Regional Economic Growth?

Contact Info

Product

Resources

About