scholarly journals Institutional and Non-Institutional Determinants of Volatile Non-Systematic Discretionary Spending: A Panel Data Analysis

2021 ◽  
Vol 2 (2) ◽  
pp. 223-242
Author(s):  
Farhat Rasul ◽  
Nabila Asghar ◽  
Hafeez Ur Rehman Rehman

Volatility in discretionary public spending has diverse implications for overall economic performance. This study investigates institutional and non-institutional factors of non-systematic discretionary public spending. The study considers a panel of 55 economies for a period of 1990-2019 and applies GMM estimation technique. The findings suggest that in aggregated sample, institutional determinants significantly reduce volatility in non-systematic discretionary public spending; nevertheless, non-institutional determinants promote such spending volatility. Additionally, disaggregated analysis suggests an inverse situation in developing economies.     

2022 ◽  
Vol 165 ◽  
pp. 106533
Author(s):  
Abdurrasheed Olayinka Sirajudeen ◽  
Teik Hua Law ◽  
Shaw Voon Wong ◽  
Choy Peng Ng

2021 ◽  
Vol 25 (1) ◽  
pp. 53-62
Author(s):  
Ageliki Anagnostou ◽  
George Ekonomou ◽  
Dimitris Kallioras

The paper investigates the nexus of tourism spending (i.e. leisure and business tourism spending) with economic performance (i.e. GDP and employment) for the Eurozone countries, during the period 2000-2018, employing sophisticated panel data analysis techniques. The issue is salient, given that within the Eurozone economic space the abolition of border impediments has released dynamics and brought into surface a new mix of opportunities, threats and challenges that has been changing the balance between centripetal and centrifugal forces. The findings of the paper identify the long-run equilibrium and confirm the bi-directional relationships among the variables considered, thus contributing to the discussion on the relationship between tourism and economic performance.


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