The Impact of Government Expenditures, Gross Capital Formation, Trade, and Portfolio Investment on the Economic Growth of Asean Economies

Jermsittiparsert, Kittisak; Saengchai, Sakapas; Boonrattanakittibhumi, Chanathat; Chankoson, Thitinan

doi:10.9770/jssi.2019.9.2(16)

Cited by 6 publications

(4 citation statements)

References 26 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…According to the findings shown in "Appendix 3", when RGDP is the endogenous variable in the second least squares equation, the coefficients of total investment, government expenditure, and employment affect RGDP. Similar findings were observed in a study by Jermsittiparsert et al (2019), indicating that government spending affects economic growth.…”

Section: Resultssupporting

confidence: 90%

Triggering economic growth to ensure financial stability: case study of Northern Cyprus

Akalpler

2023

Financ Innov

View full text Add to dashboard Cite

This study questions the importance of public debt in stable growth between 1980 and 2018, specifically, the Ricardian equivalence hypothesis and Keynesian view are questioned. This study used data obtained from the Northern Cyprus State Planning Office. A restricted vector autoregressive model is used to test the causal relationships between this model and public debt, government expenditure, total capital, consumption, investment, employment, net exports, exchange rate, and gross domestic product growth rate. To ensure financial stability, the variables that trigger economic growth through increased interactions were evaluated. Accordingly, unlike other studies, the Wald test results reveal that public debt does not have a direct effect on the gross national product but indirectly affects total capital, consumption, investment, and public expenditure, all of which influence real gross domestic product (RGDP). It has been observed that employment affects RGDP, consumption, government spending, and investment. There is also bidirectional causality between consumption, government spending, and RGDP. The estimates of the Ricardian equivalent hypothesis are important. However, today's changing economic policies, declining real incomes, and consumer behavior in the face of ever-increasing inflation require that the theory be redesigned. Therefore, contrary to theoretical predictions, consumers are concerned about maintaining their standard of living rather than directing tax deductions to savings. Contrary to the claims of Keynesian researchers, no causal relationship is observed between public debt and growth in this study. However, public debt directly affects total capital, consumption, government spending, and investment, which are important for sustainable economic policy.

show abstract

Section: Resultssupporting

confidence: 90%

Triggering economic growth to ensure financial stability: case study of Northern Cyprus

Akalpler

2023

Financ Innov

View full text Add to dashboard Cite

show abstract

“…From this equation, an increase or decrease in government expenditure will affect the aggregate national income (Mutia, 2021). Some considerations underlie government decisions in regulating their spending; it is not enough for the government to only achieve the ultimate goal of their expenditure policies and consider the intermediate targets who will benefit from the policy (Jermsittiparsert, 2019). Increasing expenditure for the sole purpose of increasing national income or expanding employment opportunities is not sufficient.…”

Section: Review Of Literaturementioning

confidence: 99%

Causal Relationship Between Government Expenditure, Economic Growth, And Poverty In South Kalimantan

Pradana¹,

Fitriyanti

2022

JKP

View full text Add to dashboard Cite

Angka kemiskinan di Kalimantan Selatan berada pada posisi ketiga paling rendah di Indonesia pada tahun 2020 dan terendah di Wilayah Kalimantan. Namun, secara umum, tren penurunan harga beberapa komoditas yang selama ini menjadi tulang punggung perekonomian, seperti karet, kelapa sawit, dan batu bara, sangat mempengaruhi pendapatan penduduk, terutama di pedesaan. Meningkatnya angka pengangguran pada tahun 2018 dan 2019 turut mempengaruhi angka kemiskinan di Kalimantan Selatan. Sementara itu, pengeluaran pemerintah terus meningkat setiap tahunnya. Penelitian ini bertujuan untuk menganalisis pengaruh pengeluaran pemerintah terhadap pertumbuhan ekonomi dan kemiskinan di Kalimantan Selatan. Penelitian ini menggunakan dua pendekatan analitik: Analisis Deskriptif dan Analisis Inferensial. Scatter plot digunakan dalam analisis Deskriptif untuk menggambarkan hubungan antara pengeluaran pemerintah terhadap pertumbuhan ekonomi dan kemiskinan. Sebaliknya, Cross-Sectional Time-Series FGLS dan pemodelan Generalized Ridge Regression digunakan dalam analisis inferensial. Tiga dari lima jenis belanja pemerintah secara statistik berpengaruh signifikan terhadap pertumbuhan ekonomi di Kalimantan Selatan, yaitu belanja pegawai tidak langsung, belanja pegawai langsung, dan belanja modal. Meski signifikan, ketiga jenis pengeluaran tersebut memiliki hubungan yang berlawanan. Dua dari lima fungsi belanja pemerintah berpengaruh positif terhadap pengentasan kemiskinan, yaitu belanja langsung dan belanja tidak langsung. Namun, kedua pengeluaran tersebut masing-masing hanya tumbuh satu persen. The poverty rate in South Kalimantan is the 3rd lowest nationally in 2020 and the lowest in Kalimantan Region. However, the downward trend in the prices of several commodities that have been the backbone of the economy, such as rubber, palm oil, and coal, greatly affects the population's income, especially in rural areas. The study aims to analyze the effect of government expenditure on economic growth and poverty in South Kalimantan. The study used two analytical approaches: Descriptive and Inferential Analysis. A Scatter plot is used in Descriptive analysis to describe the relationship between government expenditure on economic growth and poverty. Cross-Sectional Time-Series FGLS and Generalized Ridge Regression modeling were used in the inferential analysis. Three out of five government expenditures statistically significantly affect economic growth: indirect personnel, direct personnel, and capital expenditure. Two of the five functions of government spending positively affect poverty reduction: direct and indirect spending.

show abstract

“…The rationale for the use other variables as factors of export competiveness is based on the literature findings which indicate positive association between them and exports (Jermsittiparsert et al, 2019;Rani and Kumar, 2019;Petkova et al, 2020;Pilinkienė, 2015;Feldmann et al, 2019;Dong et al, 2020;Toppinen et al, 2019;Stevans et al, 2012;Kharlamova and Vertelieva, 2013).…”

Section: Regression Analysismentioning

confidence: 99%

Measuring the Influence of Environmental Policy on Economic Development of the Countries: EU-28 Scope

Vovk¹,

Varenyk²,

Pestovska³

et al. 2021

ekoncas

View full text Add to dashboard Cite

In current paper, we have researched the influence of environmental policy stringency (EPS) on economic development of the EU-28. The problem of identifying the influence of stringency of environmental policy (EP) on economic development of the EU-28 is that currently there is no well-established understanding of what economic results can be achieved depending on the extent of EPS within a separate country. The paper aims at making contribution to theoretical, empirical and political scopes of perception of EP as an independent factor of economic development of the EU-28. The results of research indicate that EPS is significant factor of economic development of the EU countries.

show abstract

The Impact of Government Expenditures, Gross Capital Formation, Trade, and Portfolio Investment on the Economic Growth of Asean Economies

Cited by 6 publications

References 26 publications

Triggering economic growth to ensure financial stability: case study of Northern Cyprus

Triggering economic growth to ensure financial stability: case study of Northern Cyprus

Causal Relationship Between Government Expenditure, Economic Growth, And Poverty In South Kalimantan

Measuring the Influence of Environmental Policy on Economic Development of the Countries: EU-28 Scope

Contact Info

Product

Resources

About