ARMEY Curve Analysis for the Panel of Selected South Asian Economies
Abstract
The present study was an attempt to analyze the role of government size for economic growth. A panel of selected South Asian Developing countries is used for analysis. Data from 1990 to 2016 is used for empirical investigation. Panel cointegartion is used for the analysis. The results indicated that there is a non linear relationship between the size of the government and economic growth. The study confirms the existence of ARMEY CURVE relationship in the selected panel.
References
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2. Based on New Data (1861-2008). International journal of empirical and finance Vol.3: 38-54
3. Barro, and Robert, J., (1991). Economic growth in a Cross Section of Countries: Quarterly Journal of Economics Vol.106, No.2, PP. 407–443.
4. Cosimo, M., (2014). Government Size and Economic Growth in Italy: An Empirical Analysis
5. Chen, and C., Lee, (2005). Government Size and Economic Growth in Taiwan: A threshold regression approach, Journal of Policy Modeling, 1051-1066.
6. Chobanov, D., and Mladenova, A., (2009). What Is the Optimum Size of Government, Institute for Market Economics
7. Cosimo, M., and Francesco, F., (2010). Optimal Size of Government and Economic Growth in EU- 27, MPRA Paper No. 26669, Online at http://mpra.ub.uni-muenchen.de/26669/
8. Eviews Statistical Package, 9th Edition
9. Folster, S., and M., Henrekson, (2001). Growth Effects of Government Expenditure and Taxation in rich countries. European Economic Review, 45(8): 1501-152, Heritage Foundation, No. 1831, March.
10. Hearth. S., (2010). The Size of the Government and Economic Growth: An Empirical Study of Sri Lanka. Working paper (published).
11. Landau, D., (1983). Government Expenditure and Economic Growth: a cross-country study.
12. Lin, S., (1994). Government Spending and Economic Growth, Applied Economics, 26(1), 83-94.
13. Mitchell, D., (2005). Impact of Government Spending on Economic Growth. Backgrounder: The Southern Economic Journal, 49(3): 783-792
14. Pesaran, (1997). Pooled Estimation of Long-Run Relationship in Dynamic Heterogeneous Panels. DAE working papers amalgamated series. 9721. University of Cambridge.
15. Vedder, R., and Gallaway, L., (1998). Government size and Economic growth, prepared for the Joint Economic Committee of the US Congress, pp.1-15.
16. Yasin, and Mesghena, (2011). Public Spending and Economic Growth: An Empirical Investigation of Sub Saharan Africa: The Southwestern Economic Review.
17. Zagler, M. and G. Durnecker (2003) Fiscal Policy and Economic Growth, Journal of Economic Surveys, 17: 397-418
Published
2017-05-10
How to Cite
ALI, Mahnaz Muhammad; KHAN, Dr. Tasnim.
ARMEY Curve Analysis for the Panel of Selected South Asian Economies.
International Journal of Social Sciences, Humanities and Education, [S.l.], v. 1, n. 2, p. 96-103, may 2017.
ISSN 2521-0041.
Available at: <http://ijsshe.com/index.php/ijsshe/article/view/9>. Date accessed: 27 may 2023.
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This work is licensed under a Creative Commons Attribution 4.0 International License.
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