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Government expenditure and economic growth: Evidence from panel data

Maizatul Mazni, Zainun @ Zainol (2017) Government expenditure and economic growth: Evidence from panel data. Masters thesis, Universiti Utara Malaysia.

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The impact of government expenditure on economic growth was first investigated empirically by Adolf Wagner. Wagner suggests that there is a causal relationship between government spending and economic development. Government expenditure
is considered as the outcome of economic activities. However, Keynesian hypothesis
agrees that the causality direction runs from government expenditure to economic activities. This paper is important to reveal a clear understanding to policy makers and governments about inter-linkages between government spending and economic growth. Using Panel Data approach, the study examines the impact of government
expenditure on economic growth for ASEAN-5 countries and investigates the causal
relationship between the variables. The result shows that government expenditure has a positive significant relationship with economic growth. Government should ensure that expenses of the governments are properly managed. A proper managed government budget will be benefit to productivity of the country. For future research, both quantitative and qualitative data should be used to explain the relationship
between government expenditure and economic growth

Item Type: Thesis (Masters)
Supervisor : Nayan, Sabri
Item ID: 7029
Uncontrolled Keywords: Government Expenditure, Economic Growth, ASEAN-5 Countries, Panel Data
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HJ Public Finance
Divisions: School of Economics, Finance & Banking
Date Deposited: 19 Feb 2019 00:58
Last Modified: 10 May 2021 01:03
Department: School of Economics, Finance and Banking (SEFB)
Name: Nayan, Sabri
URI: https://etd.uum.edu.my/id/eprint/7029

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