An empirical analysis of government debt in selected Western Europe countries: does productivity matter?
This research attempts to examine the relationship between macroeconomic factors like GDP growth, tax revenue and productivity as well as political factors like corruption on the government debt. This is a secondary-based research whereby all the data was collected from 2001-2016 from World Bank Dat...
| Main Authors: | , , , , |
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| Format: | Final Year Project / Dissertation / Thesis |
| Published: |
2019
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| Subjects: | |
| Online Access: | http://eprints.utar.edu.my/3534/ http://eprints.utar.edu.my/3534/1/fyp_FN_2019_CWN.pdf |
| _version_ | 1848885926001901568 |
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| author | Chu, Wen Ni Chua, Sin Keat Chuah, Xung Wei Lee, Qian Qi Soo, Zhi Cheng |
| author_facet | Chu, Wen Ni Chua, Sin Keat Chuah, Xung Wei Lee, Qian Qi Soo, Zhi Cheng |
| author_sort | Chu, Wen Ni |
| building | UTAR Institutional Repository |
| collection | Online Access |
| description | This research attempts to examine the relationship between macroeconomic factors like GDP growth, tax revenue and productivity as well as political factors like corruption on the government debt. This is a secondary-based research whereby all the data was collected from 2001-2016 from World Bank Database and OECD Database. The sample countries comprise of selected 16 West Europe countries. Due to the fact that this is a panel data, therefore this research is employing FEM model to examine the relationship. The empirical result showed that GDP growth rate and corruption has negative expected sign to the government debt whereas productivity has a positive impact on the government debt. In the process of further testing the interaction term of productivity on other variables, the result showed that productivity & GDP growth as well as productivity & corruption both has a positive relationship to the government debt. The tax revenue is neither significant in basic model nor model with interaction term. Hence, it is insignificant. Although this research has some limitations, yet the study still is a good reference for parties like government and researchers on the relationship of those variables on the government debt. |
| first_indexed | 2025-11-15T19:30:21Z |
| format | Final Year Project / Dissertation / Thesis |
| id | utar-3534 |
| institution | Universiti Tunku Abdul Rahman |
| institution_category | Local University |
| last_indexed | 2025-11-15T19:30:21Z |
| publishDate | 2019 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | utar-35342019-08-21T12:40:08Z An empirical analysis of government debt in selected Western Europe countries: does productivity matter? Chu, Wen Ni Chua, Sin Keat Chuah, Xung Wei Lee, Qian Qi Soo, Zhi Cheng HG Finance This research attempts to examine the relationship between macroeconomic factors like GDP growth, tax revenue and productivity as well as political factors like corruption on the government debt. This is a secondary-based research whereby all the data was collected from 2001-2016 from World Bank Database and OECD Database. The sample countries comprise of selected 16 West Europe countries. Due to the fact that this is a panel data, therefore this research is employing FEM model to examine the relationship. The empirical result showed that GDP growth rate and corruption has negative expected sign to the government debt whereas productivity has a positive impact on the government debt. In the process of further testing the interaction term of productivity on other variables, the result showed that productivity & GDP growth as well as productivity & corruption both has a positive relationship to the government debt. The tax revenue is neither significant in basic model nor model with interaction term. Hence, it is insignificant. Although this research has some limitations, yet the study still is a good reference for parties like government and researchers on the relationship of those variables on the government debt. 2019-04-01 Final Year Project / Dissertation / Thesis NonPeerReviewed application/pdf http://eprints.utar.edu.my/3534/1/fyp_FN_2019_CWN.pdf Chu, Wen Ni and Chua, Sin Keat and Chuah, Xung Wei and Lee, Qian Qi and Soo, Zhi Cheng (2019) An empirical analysis of government debt in selected Western Europe countries: does productivity matter? Final Year Project, UTAR. http://eprints.utar.edu.my/3534/ |
| spellingShingle | HG Finance Chu, Wen Ni Chua, Sin Keat Chuah, Xung Wei Lee, Qian Qi Soo, Zhi Cheng An empirical analysis of government debt in selected Western Europe countries: does productivity matter? |
| title | An empirical analysis of government debt in selected Western Europe countries: does productivity matter? |
| title_full | An empirical analysis of government debt in selected Western Europe countries: does productivity matter? |
| title_fullStr | An empirical analysis of government debt in selected Western Europe countries: does productivity matter? |
| title_full_unstemmed | An empirical analysis of government debt in selected Western Europe countries: does productivity matter? |
| title_short | An empirical analysis of government debt in selected Western Europe countries: does productivity matter? |
| title_sort | empirical analysis of government debt in selected western europe countries: does productivity matter? |
| topic | HG Finance |
| url | http://eprints.utar.edu.my/3534/ http://eprints.utar.edu.my/3534/1/fyp_FN_2019_CWN.pdf |