The Effect of Fiscal Variables on Economic Growth in Asian Economies: A Dynamic Panel Data Analysis

Abdullah, Hussin; Habibullah, Muzafar Shah; Baharumshah, Ahmad Zubaidi

doi:10.5539/ijbm.v4n1p56

Cited by 10 publications

(8 citation statements)

References 31 publications

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“…901-921), Cashin (1995, pp. 237-269), Abdullah et al (2009), Talos et al (2013, Pečarić et al (2018, pp. 81-97), Monamodi, 2019).…”

Section: Entrepreneurship and Sustainability Issuesmentioning

confidence: 99%

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The impact of monetary and fiscal policy variables on the EU economic growth. Panel data analysis

Stawska¹,

Miszczyńska²

2022

JESI

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The financial crisis of 2008-2009 has changed an approach to conducting monetary and fiscal policy. Changing economic conditions forced the economic authorities to make decisions that influenced an interaction between the central bank and the government (policy mix) in the European Union countries. The article aims to identify the impact of variables in the area of monetary and fiscal policy on the economy in the EU countries in existing economic conditions. The article verifies the hypothesis that variables from the monetary and fiscal policy have a statistically significant impact on the GDP per capita growth rate in the EU countries. To achieve the goal and verify the hypothesis, the following research methods were used: presentation of statistical data as well as statistical and econometric research methods (panel model). The rationale for the adoption of this topic was to examine the impact of central bank policy and government in the EU countries on their economies. The contribution of this article is to present the role of monetary and fiscal policy in the economic growth of the EU countries in 2000-2019. The results of the study indicate that the GDP per capita growth rate in 28 European Union countries in the period of 2000-2019 was statistically significantly affected by such variables as: interest rate (from the monetary policy area), GG deficit/surplus (the variable from the area of fiscal policy). This is important information in the context of conducting monetary policy and fiscal policy by relevant decision-makers, i.e., monetary authorities and fiscal authorities in the EU countries.

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“…901-921), Cashin (1995, pp. 237-269), Abdullah et al (2009), Talos et al (2013, Pečarić et al (2018, pp. 81-97), Monamodi, 2019).…”

Section: Entrepreneurship and Sustainability Issuesmentioning

confidence: 99%

“…A long-term relationship between fiscal policy and economic growth was noted. A positive and statistically significant impact of expenditure on health, education, aggregation of public expenditure and aggregation of other fiscal variables on real GDP per capita was observed (Abdullah et al, 2009).…”

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confidence: 96%

The impact of monetary and fiscal policy variables on the EU economic growth. Panel data analysis

Stawska¹,

Miszczyńska²

2022

JESI

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“…Sending’s are essential to the credit of low-income economies (Khan et al, 2010). The government also gains from money transfers through increased social income (Kibria & others, 2021; Ullah & Rauf, 2013).…”

Section: Literature Reviewmentioning

confidence: 99%

Understanding the Role of Technology in Asian Economies: The Environmental Impact of Remittances and Economic Complexity

et al. 2022

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In recent years, scholars have determined various determinants of environmental degradation using the panel and time-series studies. However, technological innovations (TI) and remittances, among the financial system’s essential components, are relatively ignored. In addition, nations’ economic progress and environmental performance also depend upon the nature of their economic structure. This empirical research investigates the effects of TI, remittances and economic complexity (EC) on CO2 controlling economic growth and trade openness (TR) in the selected 15 Asian nations. The study collected panel data of 15 Asian countries from 1990 to 2019 and employed the panel quantile regression and augmented mean group methods to unveil the impacts of variables on CO2 emissions. The empirical findings established that remittances are negatively linked with CO2 emissions. Similarly, EC reduces CO2 emissions in the context of Asian countries. In addition, EC and remittances Granger cause CO2 emissions. These findings indicate that remittances and EC positively contribute to environmental quality in Asian countries. Conversely, TI, economic growth, and TR intensify CO2 emissions in Asian countries. Finally, the study recommended policies to enhance remittances and EC in Asian countries to curb environmental degradation.

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“…This is because the influx of foreign investment can increase domestic output production, through the adoption and transfer of technology of foreign companies. This research is in the same direction as Moudatsou Koojaroenprasit (2012); Ullah, F., & Rauf, A. (2013); Hamoudi & Aimer (2017), unidirectional but not significant in the study of Jilenga et al (2016); Hobbs et al (2021).…”

Section: Economic Openness Government Spending and Foreign Investment...mentioning

confidence: 50%

Impact of Government Spending and Foreign Investment on Exports, Imports, and Economic Growth in Indonesia

Maolana

2024

ijebd

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Economic integration have an impact on increasing trade volume and production output in various countries. Likewise, the ease of capital mobility between countries, makes investment not only rely on capital derived from domestics, but can come from foreign direct investment. This study used time series data during the 1980-2019 . The analysis model used is multiple linear regression using, by first testing classical assumptions so that the regression results are Unbias. The results showed that foreign investment, government spending, and economic openness can significantly increase export, import, and economic growth. Furthermore, the rupiah exchange rate , which is depreciating against the US dollar, can increase export growth and reduce Indonesia's import growth. Meanwhile, higher inflation can cause a significant decline in export and import growth, but an insignificant decline for Indonesia's economic growth.

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The Effect of Fiscal Variables on Economic Growth in Asian Economies: A Dynamic Panel Data Analysis

Cited by 10 publications

References 31 publications

The impact of monetary and fiscal policy variables on the EU economic growth. Panel data analysis

The impact of monetary and fiscal policy variables on the EU economic growth. Panel data analysis

Understanding the Role of Technology in Asian Economies: The Environmental Impact of Remittances and Economic Complexity

Impact of Government Spending and Foreign Investment on Exports, Imports, and Economic Growth in Indonesia

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