Government expenditures and economic growth in the MENA region: A dynamic heterogeneous panel estimation

被引：7

作者：

Alshammary, Mohammed Daher ^{[1
]}

Khalid, Norlin ^{[1
]}

Karim, Zulkefly Abdul ^{[1
]}

Ahmad, Riayati ^{[1
]}

机构：

[1] Univ Kebangsaan Malaysia, Fac Econ & Management, Ctr Sustainable & Inclus Dev Studies SID, Bangi, Malaysia

来源：

INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS | 2022年 / 27卷 / 03期

关键词：

economic growth; government expenditures; MENA region; pooled mean group; CAUSALITY EVIDENCE; MODEL; SIZE; COINTEGRATION; INSTITUTIONS; COUNTRIES; FINANCE;

D O I：

10.1002/ijfe.2321

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study examines the dynamic heterogeneous effect of government expenditures on economic growth in 20 Middle East and North Africa (MENA) countries during the 1990-2016 period. The results reveal that a dynamic adjustment in economic growth in the MENA region occurred from the short to the long run. Arguably, government expenditures can promote economic growth. In the long run, the coefficients of government expenditures are positive and significant in oil and non-oil countries; in the short run, the coefficient is statistically significant in oil countries but not in non-oil countries. The coefficients of government expenditures markedly differ between the two groups. For the MENA region, as a whole, government expenditures exhibit a crowding-in effect instead of a crowding-out effect on growth. Importantly, to sustain economic growth, non-oil countries must embark fiscal reform measures promptly by optimizing government expenditures. Oil countries should consider the implications of short- and medium-term fiscal imbalances.

引用

页码：3287 / 3299

页数：13

共 58 条

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