Public spending, income inequality and economic growth in Asian countries: A panel GMM approach

Artikel

This paper offers an empirical examination of the relationship between government spending's, income inequality, and economic growth by using the case of 19 Asian countries from 2002 to 2017. For this purpose, the paper uses robust difference-GMM estimation and panel granger causality test. We found that gross domestic investment and regulatory quality are the main variables that contribute to these countries' economic growth. While current government consumption reduces economic growth. Also, government expenditure on education and regulatory quality granger cause economic growth in these countries. However, the effect of government expenditure on education on economic growth is not significant. So, to increase their economic growth, this study recommends these countries' governments to encourage gross domestic investment, maintain regulatory quality and reduce their current consumption. This study also concludes that income inequality has no impact on these countries' economic growth for this period.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: Economies ; ISSN: 2227-7099 ; Volume: 7 ; Year: 2019 ; Issue: 4 ; Pages: 1-15 ; Basel: MDPI

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models ; Single Equation Models: Single Variables: Instrumental Variables (IV) Estimation ; National Government Expenditures and Education ; Economywide Country Studies: Asia including Middle East
• Thema: Asian countries ; economic growth ; income inequality ; panel data ; public spending

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Gnangoin, Yobouet Thierry Bienvenu ; Du, Liangsheng ; Assamoi, GuyRoland ; Edjoukou, Akadje JeanRoland ; Kassi, Diby François
• Ereignis: Veröffentlichung
• (wer): MDPI
• (wo): Basel
• (wann): 2019

Weitere Informationen

• DOI: doi:10.3390/economies7040115
• Handle: http://hdl.handle.net/10419/257047
• Letzte Aktualisierung: 20.09.2024, 08:25 MESZ