Growth effects of budgetary fiscal variables in a panel of middle-income countries
This article was published in The Review of World Economics [©2023 Rights managed by Springer Link] and the definite version is available at: https://doi.org/10.1007/s10290-023-00494-5 The Article's website is at: https://link.springer.com/article/10.1007/s10290-023-00494-5
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| Aineistotyyppi: | Journal article |
| Kieli: | English |
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Springer Link
2024
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| Linkit: | http://hdl.handle.net/10361/23690 |
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10361-23690 |
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10361-236902024-07-14T05:46:33Z Growth effects of budgetary fiscal variables in a panel of middle-income countries Rahman, Sultan Hafeez Hossain Siddiquee, Muhammad Shahadat Growth Fiscal Middle income countries Orthogonal Structural This article was published in The Review of World Economics [©2023 Rights managed by Springer Link] and the definite version is available at: https://doi.org/10.1007/s10290-023-00494-5 The Article's website is at: https://link.springer.com/article/10.1007/s10290-023-00494-5 This paper assesses the growth-enhancing and growth-retarding effects of different budgetary fiscal variables using a balanced panel of 32 middle-income countries for the time period of 2000–2017. Much of previous research requires to be re-evaluated as it ignores the biases associated with either incomplete or wrong specification, or both, of the budget constraint and the money supply. This paper addresses these gaps and obtains more unbiased, consistent and efficient estimates for the fiscal variables, using both static and dynamic panel econometric techniques. Specifically, this paper finds that (1) larger tax and non-tax revenues retard economic growth; (2) higher allocation to public capital expenditure appears to have positive and significant effect on growth; (3) fiscal deficit appears to have neutral-growth effects; and (4) controlling broad money supply corrects for biases in the orthogonal specification. 2024-07-14T05:45:33Z 2024-07-14T05:45:33Z 2023-02-14 Journal article http://hdl.handle.net/10361/23690 en Springer Link |
| institution |
Brac University |
| collection |
Institutional Repository |
| language |
English |
| topic |
Growth Fiscal Middle income countries Orthogonal Structural |
| spellingShingle |
Growth Fiscal Middle income countries Orthogonal Structural Rahman, Sultan Hafeez Hossain Siddiquee, Muhammad Shahadat Growth effects of budgetary fiscal variables in a panel of middle-income countries |
| description |
This article was published in The Review of World Economics [©2023 Rights managed by Springer Link] and the definite version is available at: https://doi.org/10.1007/s10290-023-00494-5 The Article's website is at: https://link.springer.com/article/10.1007/s10290-023-00494-5 |
| format |
Journal article |
| author |
Rahman, Sultan Hafeez Hossain Siddiquee, Muhammad Shahadat |
| author_facet |
Rahman, Sultan Hafeez Hossain Siddiquee, Muhammad Shahadat |
| author_sort |
Rahman, Sultan Hafeez |
| title |
Growth effects of budgetary fiscal variables in a panel of middle-income countries |
| title_short |
Growth effects of budgetary fiscal variables in a panel of middle-income countries |
| title_full |
Growth effects of budgetary fiscal variables in a panel of middle-income countries |
| title_fullStr |
Growth effects of budgetary fiscal variables in a panel of middle-income countries |
| title_full_unstemmed |
Growth effects of budgetary fiscal variables in a panel of middle-income countries |
| title_sort |
growth effects of budgetary fiscal variables in a panel of middle-income countries |
| publisher |
Springer Link |
| publishDate |
2024 |
| url |
http://hdl.handle.net/10361/23690 |
| work_keys_str_mv |
AT rahmansultanhafeez growtheffectsofbudgetaryfiscalvariablesinapanelofmiddleincomecountries AT hossainsiddiqueemuhammadshahadat growtheffectsofbudgetaryfiscalvariablesinapanelofmiddleincomecountries |
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1814308502382837760 |