THE RELATIONSHIP BETWEEN GOVERNMENT EXPENDITURES AND ECONOMIC GROWTH IN ALBANIA (1993–2017)

2018 ◽  
pp. 52-56
Author(s):  
M. Harremi ◽  
S. Koti
Keyword(s):  
Economic Growth ◽  
Government Expenditures ◽  
The Relationship

scholarly journals The Relationship Between Government Expenditures on Education and Economic Growth: The Case of Azerbaijan

2020 ◽  
Vol 11 (1) ◽  
pp. 195
Author(s):  
Shahriyar Mukhtarov ◽  
Ilkin Mammadov ◽  
Sugra Humbatova
Keyword(s):  
Economic Growth ◽  
Total Population ◽  
Capital Formation ◽  
Government Expenditures ◽  
Educational Investment ◽  
Concerted Effort ◽  
Policy Makers ◽  
Long Run ◽  
The Impact ◽  
The Relationship

This paper investigates the impact of government’s education expenditures, gross capital formation and total population on economic growth in Azerbaijan during 1995-2018 using the different cointegration methods, namely, ARDLBT, DOLS, and CCR. The results from cointegration methods approve presence of long-run relationship among the variables. The estimation results show that government’s expenditures on education, gross capital formation and total population have a positive and statistically significant impact on economic growth in the long-run. The paper concludes that a concerted effort should be made by policy makers to increase educational investment in order to escelate economic growth.

scholarly journals Government Expenditures and Economic Growth

2020 ◽  
Vol 17 (2) ◽  
pp. 241
Author(s):  
Rohaiza Kamis ◽  
Hairul Nizwan Abd Majid ◽  
Nuraida Idora M Ramlee
Keyword(s):  
Economic Growth ◽  
Social Services ◽  
Health Expenditure ◽  
Time Series Data ◽  
Government Expenditure ◽  
Policy Implications ◽  
Government Expenditures ◽  
Series Data ◽  
Education Expenditure ◽  
The Relationship

This paper aims to empirically analyze the relationship between government expenditures and economic growth in Malaysia from 1987 to 2016. This study uses the time series data in identifying the economic growth determinants in Malaysia. The Multiple Linear Regression (MLR) is used to establish the relationship between government expenditure which are education expenditure, health expenditure, defense and security expenditure, and social services expenditure towards the economic growth in Malaysia. The findings for this study indicate all the independent variables have a significant relationship towards economic growth in Malaysia where the health expenditure is the most influenced government expenditure component towards the economic growth in Malaysia. These findings may give some overview of policy implications to the policymakers on optimising the effects of government expenditure on economic development.

scholarly journals The Impact of Government Expenditures upon Economic Growth in Post-Communist Countries

2013 ◽  
Vol 60 (1) ◽  
pp. 126-134 ◽  
Author(s):  
Marius Sorin Dincă ◽  
Gheorghița Dincă
Keyword(s):  
Economic Growth ◽  
Government Expenditure ◽  
Government Expenditures ◽  
National Defense ◽  
East European ◽  
Real Gdp Per Capita ◽  
The Government ◽  
Communist Countries ◽  
The Impact ◽  
The Relationship

Abstract This paper examines the relationship between the structure and share of government expenditure into Gross Domestic Product (GDP) and the real GDP per capita. Our study uses a micro panel data for a sample made of ten countries from Central and East European, for the period 2002-2012. The empirical results of the linear regression show that the GDP/capita is positively correlated with public order and safety expenditures as well as with economic actions, while national defense and general public services are negatively correlated. The results obtained largely correspond with the ones reached by other researchers approaching the topic of the relationship between economic growth and composition of the government expenditures. The health and education expenses, though instrumental for the long-term development of any society, did not show any significant impact upon the evolution of the GDP/capita, probably as a result of the short-term available data.

scholarly journals Real Government Expenditure and Economic Growth in the Southern Caucasus Countries: A Panel Data Analysis

2019 ◽  
Vol 22 (2) ◽  
pp. 20-34 ◽  
Author(s):  
Erdal Gumus ◽  
Rza Mammadov
Keyword(s):  
Economic Growth ◽  
Dominant Role ◽  
Panel Data Analysis ◽  
Government Expenditure ◽  
Policy Formation ◽  
Government Expenditures ◽  
The South ◽  
South Caucasus ◽  
The Government ◽  
The Relationship

The primary purpose of this paper is to find out the relationship between real government expenditures and real gross domestic product (GDP) for three countries of the South Caucasus namely, Azerbaijan, Armenia, and Georgia. The relationship between the variables is essential for policy formation for these countries due to their transition to market economy. There are two main hypotheses related to real government expenditures and growth. The Wagner’s hypothesis argues that the growth of an economy leads to more government spending while Keynes’s hypothesis proposes that government expenditures feed higher economic growth. From policy perspectives, the Keynesian view gives a dominant role in government intervention for higher growth while Wagner view gives just a passive role to the government in economic policy. This paper is designed to investigate these hypotheses by using econometric panel techniques. The analysis covers the years 1990-2016. According to our empirical results, there is a mutually positive relationship between real government expenditures and economic growth in the South Caucasus. At the same time, we also find short and long-term bidirectional causality. These results confirm each other and in line with the existing literature. Our study contributes to the literature as filling the gap by studying the South Caucasus countries.

scholarly journals Does the COVID19 pandemic change the relationship between government expenditures and economic growth in Azerbaijan?

2021 ◽  
Vol 14 (3) ◽  
pp. 185-204
Author(s):  
Jeyhun Abbasov ◽  
Elchin Gulaliyev ◽  
Fariz Ahmadov ◽  
Ilkin Mammadov
Keyword(s):  
Economic Growth ◽  
Government Expenditures ◽  
The Relationship

scholarly journals The efficiency of government expenditures policies: use of dummy variables in the regression building of Armey — Rahn curve

2015 ◽  
Vol 3 (1) ◽  
pp. 35-41
Author(s):  
Нина Горидько ◽  
Nina Goridko
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Negative Impact ◽  
Economic Indicators ◽  
Government Expenditures ◽  
Gdp Growth ◽  
Adequate Model ◽  
Dummy Variables ◽  
Simulation Results ◽  
The Relationship

The paper is devoted to the capacities of using dummy variables to construct models that approximate the crisis dynamics of the economic indicators. On the example of Armey — Rahn curve describing the relationship between the GDP growth and the share of government expenditures in GDP, it is proved that the use of dummy variables to indicate the years of crisis provides a meaningful and adequate model if the crisis years have located in the middle of the time series. Functions constructed for Ukraine and Russia, clearly answer the question of what years could be considered as a crisis, and what ones determine a stagnation. Simulation results confirm the negative impact of the crisis onto economic growth.

Kazakhstan’s Economic Growth in the Context of the World Economy

2006 ◽  
pp. 133-146 ◽  
Author(s):  
K. Arystanbekov
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
World Economy ◽  
World Ocean ◽  
Direct Access ◽  
Crude Petroleum ◽  
Nation States ◽  
The World ◽  
The Relationship

Kazakhstan’s economic policy results in 1995-2005 are considered in the article. In particular, the analysis of the relationship between economic growth and some indicators of nation states - population, territory, direct access to the World Ocean, and extraction of crude petroleum - is presented. Basic problems in the sphere of economic policy in Kazakhstan are formulated.

PENGARUH PRODUK DOMESTIK BRUTO, INFLASI DAN RASIO GINI TERHADAP PENGANGGURAN TERBUKA DI PROVINSI DKI JAKARTA

2018 ◽  
Vol 14 (2) ◽  
Author(s):  
Sri Mahendra Putra Wirawan
Keyword(s):  
Economic Growth ◽  
Significant Influence ◽  
Economic Conditions ◽  
Research Model ◽  
Economic Region ◽  
Regression Methods ◽  
Price Increases ◽  
Comprehensive Picture ◽  
Development Goals ◽  
The Relationship

Gross Regional Domestic Product (GRDP) which provides a comprehensive picture of the economic conditions of a region is indicator for analyzing economic region development. Another indicator that is no less important is inflation as an indicator to see the level of changes in price increases due to an increase in the money supply that causes rising prices. The success of development must also look at the income inequality of its population which is illustrated by this ratio. One of the main regional development goals is to improve the welfare of its people, where to see the level of community welfare, among others, can be seen from the level of unemployment in an area. To that end, in order to get an overview of the effects of GRDP, inflation and the ratio of gini to unemployment in DKI Jakarta for the last ten years (2007-2016), an analysis was carried out using multiple linear regression methods. As a result, together the relationship between GRDP, inflation and the Gini ratio is categorized as "very strong" with a score of 0.936, and has a significant influence on unemployment. Partially, the GRDP gives a significant influence, but inflation and gini ratio do not have a significant influence. GDP, inflation and the Gini ratio together for the last ten years have contributed 81.4% to unemployment in DKI Jakarta, while the remaining 18.6% is influenced by other variables not included in this research model, so for reduce unemployment in DKI Jakarta, programs that are oriented to economic growth, suppressing inflation and decreasing this ratio need to be carried out simultaneously. Keywords: GRDP, inflation, unemployment, DKI Jakarta, GINI ratio  

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