Effects of fiscal policy and institutions on the economic growth of Asian economies: Evidence from dynamic panel data analysis
This paper investigates the effects of fiscal policy and institutions on the economic growth of Asian economies through the application of the GMM-SYS approach to dynamic panel estimator as a preference analysis. It examines two different channels through which fiscal policy can affect long-run econ...
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2009
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my.uum.repo.1802010-07-08T01:34:43Z http://repo.uum.edu.my/180/ Effects of fiscal policy and institutions on the economic growth of Asian economies: Evidence from dynamic panel data analysis Abdullah, Hussin Habibullah, Muzafar Shah Baharumshah, Ahmad Zubaidi HC Economic History and Conditions This paper investigates the effects of fiscal policy and institutions on the economic growth of Asian economies through the application of the GMM-SYS approach to dynamic panel estimator as a preference analysis. It examines two different channels through which fiscal policy can affect long-run economic growth in Asia. The first channel is when aggregate government expenditure, aggregate of other fiscal variables, and institution affect the real per capita GDP, and the second channel is to determine the role of institutions on the real per capita GDP. The dynamic panel data result, especially GMM-SYS, established a longrun relationship between fiscal policy, institution, and economic growth. We found positive and statistically significant impact of aggregate of government expenditure and aggregate of other fiscal variables and institution on real per capita GDP. Furthermore, we found that there is a role of institutions on the real per capita GDP. Universiti Utara Malaysia 2009 Article PeerReviewed application/pdf en http://repo.uum.edu.my/180/1/Hussin_Abdullah.pdf Abdullah, Hussin and Habibullah, Muzafar Shah and Baharumshah, Ahmad Zubaidi (2009) Effects of fiscal policy and institutions on the economic growth of Asian economies: Evidence from dynamic panel data analysis. International Journal of Management Studies (IJMS), 16 (1). pp. 185-212. ISSN 0127-8983 http://ijms.uum.edu.my |
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HC Economic History and Conditions Abdullah, Hussin Habibullah, Muzafar Shah Baharumshah, Ahmad Zubaidi Effects of fiscal policy and institutions on the economic growth of Asian economies: Evidence from dynamic panel data analysis |
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This paper investigates the effects of fiscal policy and institutions on the economic growth of Asian economies through the application of the GMM-SYS approach to dynamic panel estimator as a preference analysis. It examines two different channels through which fiscal policy can affect long-run economic growth in Asia. The first channel is when aggregate government expenditure, aggregate of other fiscal variables, and institution affect the real per capita GDP, and the second channel is to determine the role of institutions on the real per capita GDP. The dynamic panel data result, especially GMM-SYS, established a longrun
relationship between fiscal policy, institution, and economic growth. We found positive and statistically significant impact of aggregate of government expenditure and aggregate of other fiscal variables and institution on real per capita GDP. Furthermore, we found that there is a role of institutions on the real per capita GDP. |
format |
Article |
author |
Abdullah, Hussin Habibullah, Muzafar Shah Baharumshah, Ahmad Zubaidi |
author_facet |
Abdullah, Hussin Habibullah, Muzafar Shah Baharumshah, Ahmad Zubaidi |
author_sort |
Abdullah, Hussin |
title |
Effects of fiscal policy and institutions on the economic growth of Asian economies: Evidence from dynamic panel data analysis |
title_short |
Effects of fiscal policy and institutions on the economic growth of Asian economies: Evidence from dynamic panel data analysis |
title_full |
Effects of fiscal policy and institutions on the economic growth of Asian economies: Evidence from dynamic panel data analysis |
title_fullStr |
Effects of fiscal policy and institutions on the economic growth of Asian economies: Evidence from dynamic panel data analysis |
title_full_unstemmed |
Effects of fiscal policy and institutions on the economic growth of Asian economies: Evidence from dynamic panel data analysis |
title_sort |
effects of fiscal policy and institutions on the economic growth of asian economies: evidence from dynamic panel data analysis |
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Universiti Utara Malaysia |
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2009 |
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http://repo.uum.edu.my/180/1/Hussin_Abdullah.pdf http://repo.uum.edu.my/180/ http://ijms.uum.edu.my |
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1644277731111731200 |