Empirical Analysis of The Effects of the Intergovernmental Fiscal Transfers on the Regional Economic Growth by Local Governments: Panel Regression Analysis Using the Instrument Variables

2019 ◽  
Vol 23 (3) ◽  
pp. 53-77
Author(s):  
Minchang Kim ◽  
Aejin Kim
Keyword(s):  
Economic Growth ◽  
Regression Analysis ◽  
Empirical Analysis ◽  
Local Governments ◽  
Regional Economic Growth ◽  
Panel Regression ◽  
Regional Economic ◽  
Fiscal Transfers

scholarly journals Fiscal Transfers and Regional Economic Growth

2016 ◽  
Author(s):  
Herbert Dawid ◽  
Philipp Harting ◽  
Michael Neugart
Keyword(s):  
Economic Growth ◽  
Regional Economic Growth ◽  
Regional Economic ◽  
Fiscal Transfers

scholarly journals Do Fiscal Transfers Foster Regional Economic Growth?

e-Finanse ◽  
2021 ◽  
Vol 17 (1) ◽  
pp. 19-27
Author(s):  
Naftaly Mose
Keyword(s):  
Economic Growth ◽  
Capital Expenditure ◽  
Regional Growth ◽  
Regional Economic Growth ◽  
Data Set ◽  
Regional Economic ◽  
Fiscal Transfers ◽  
Long Run ◽  
Physical Infrastructure ◽  
Fiscal Transfer

Abstract Fiscal transfer development across the world today has been in part driven by assertions of a supposed ‘economic dividend’ linked with the devolved financial spending. There is, however, little empirical evidence to validate these assertions in Kenya. It is against this background that this study was carried out to estimate the end product of fiscal transfer on regional economic growth in Kenya using a secondary panel data set. Using the ARDL estimation technique the long -run and error correction estimates of the model were generated. The findings revealed that increased fiscal transfer in recurrent budgets accelerates regional growth, hence confirming the Keynesian hypothesis. Conversely, fiscal transfer in capital expenditure was insignificant. This study recommends the need for policymakers to put in place policies and strategies that will improve budget allocation and execution in capital budgets so as to improve physical infrastructure and thus boost private productivity and consequently regional income growth.

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