Effects of fiscal policy and institutions on the economic growth of Asian economies: evidence from dynamic panel data analysis
This paper investigates the effects of fiscal policy and institutions on the economic growth of Asian economies through the application of the GMM-SYS approach to dynamic panel estimator as a preference analysis. It examines two different channels through which fiscal policy can affect long-run econ...
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| Format: | Article |
| Language: | English |
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Universiti Utara Malaysia Press
2009
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| Online Access: | http://psasir.upm.edu.my/id/eprint/14377/ http://psasir.upm.edu.my/id/eprint/14377/1/Effects%20of%20fiscal%20policy%20and%20institutions%20on%20the%20economic%20growth%20of%20Asian%20economies%20evidence%20from%20dynamic%20panel%20data%20analysis.pdf |
| _version_ | 1848842376730116096 |
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| author | Abdullah, Hussin Habibullah, Muzafar Shah Baharumshah, Ahmad Zubaidi |
| author_facet | Abdullah, Hussin Habibullah, Muzafar Shah Baharumshah, Ahmad Zubaidi |
| author_sort | Abdullah, Hussin |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | This paper investigates the effects of fiscal policy and institutions on the economic growth of Asian economies through the application of the GMM-SYS approach to dynamic panel estimator as a preference analysis. It examines two different channels through which fiscal policy can affect long-run economic growth in Asia. The first channel is when aggregate government expenditure, aggregate of other fiscal variables, and institution affect the real per capita GDP, and the second channel is to determine the role of institutions on the real per capita GDP. The dynamic panel data result, especially GMM-SYS, established a long-run relationship between fiscal policy, institution, and economic growth. We found positive and statistically significant impact of aggregate of government expenditure and aggregate of other fiscal variables and institution on real per capita GDP. Furthermore, we found that there is a role of institutions on the real per capita GDP. |
| first_indexed | 2025-11-15T07:58:09Z |
| format | Article |
| id | upm-14377 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T07:58:09Z |
| publishDate | 2009 |
| publisher | Universiti Utara Malaysia Press |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-143772019-04-08T08:35:02Z http://psasir.upm.edu.my/id/eprint/14377/ Effects of fiscal policy and institutions on the economic growth of Asian economies: evidence from dynamic panel data analysis Abdullah, Hussin Habibullah, Muzafar Shah Baharumshah, Ahmad Zubaidi This paper investigates the effects of fiscal policy and institutions on the economic growth of Asian economies through the application of the GMM-SYS approach to dynamic panel estimator as a preference analysis. It examines two different channels through which fiscal policy can affect long-run economic growth in Asia. The first channel is when aggregate government expenditure, aggregate of other fiscal variables, and institution affect the real per capita GDP, and the second channel is to determine the role of institutions on the real per capita GDP. The dynamic panel data result, especially GMM-SYS, established a long-run relationship between fiscal policy, institution, and economic growth. We found positive and statistically significant impact of aggregate of government expenditure and aggregate of other fiscal variables and institution on real per capita GDP. Furthermore, we found that there is a role of institutions on the real per capita GDP. Universiti Utara Malaysia Press 2009 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/14377/1/Effects%20of%20fiscal%20policy%20and%20institutions%20on%20the%20economic%20growth%20of%20Asian%20economies%20evidence%20from%20dynamic%20panel%20data%20analysis.pdf Abdullah, Hussin and Habibullah, Muzafar Shah and Baharumshah, Ahmad Zubaidi (2009) Effects of fiscal policy and institutions on the economic growth of Asian economies: evidence from dynamic panel data analysis. International Journal of Management Studies, 16 (1). pp. 185-212. ISSN 2232-1608; ESSN: 2180-2467 http://www.ijms.uum.edu.my/index.php/previous-issues/146-international-journal-of-management-studies-ijms-vol-16-no-1-june-2009 |
| spellingShingle | Abdullah, Hussin Habibullah, Muzafar Shah Baharumshah, Ahmad Zubaidi Effects of fiscal policy and institutions on the economic growth of Asian economies: evidence from dynamic panel data analysis |
| title | Effects of fiscal policy and institutions on the economic growth of Asian economies: evidence from dynamic panel data analysis |
| title_full | Effects of fiscal policy and institutions on the economic growth of Asian economies: evidence from dynamic panel data analysis |
| title_fullStr | Effects of fiscal policy and institutions on the economic growth of Asian economies: evidence from dynamic panel data analysis |
| title_full_unstemmed | Effects of fiscal policy and institutions on the economic growth of Asian economies: evidence from dynamic panel data analysis |
| title_short | Effects of fiscal policy and institutions on the economic growth of Asian economies: evidence from dynamic panel data analysis |
| title_sort | effects of fiscal policy and institutions on the economic growth of asian economies: evidence from dynamic panel data analysis |
| url | http://psasir.upm.edu.my/id/eprint/14377/ http://psasir.upm.edu.my/id/eprint/14377/ http://psasir.upm.edu.my/id/eprint/14377/1/Effects%20of%20fiscal%20policy%20and%20institutions%20on%20the%20economic%20growth%20of%20Asian%20economies%20evidence%20from%20dynamic%20panel%20data%20analysis.pdf |