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Fiscal Expenditure Policy and Non-Oil Economic Growth Evidence from GCC Countries

Through the use of a multivariate cointegration and error-correction model, this study investigates the short- and long-run relationship over the past two decades between fiscal expenditure policy and non?oil real GDP growth in member countries of the Gulf Cooperation Council (GCC). Despite the impo...

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Bibliographic Details
Main Author: Wang, Qing
Other Authors: Fasano-Filho, Ugo
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2001
Series:IMF Working Papers
Subjects:
Energy: Demand And Supply
National Government Expenditures And Related Policies: Infrastructures
Capital Investments
Oil Prices
Total Expenditures
Public Finance & Taxation
Fiscal Policy
Other Public Investment And Capital Stock
National Government Expenditures And Related Policies: General
Expenditure
Expenditures, Public
Current Spending
Capital Spending
Prices
Macroeconomics
Economic History: Macroeconomics
Public Finance
Growth And Fluctuations: Asia Including Middle East
Saudi Arabia
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:Through the use of a multivariate cointegration and error-correction model, this study investigates the short- and long-run relationship over the past two decades between fiscal expenditure policy and non?oil real GDP growth in member countries of the Gulf Cooperation Council (GCC). Despite the important role of the government, the empirical results do not strongly support that increases in fiscal expenditures tend to slow or accelerate non?oil real growth in these countries. However, the breakdown into current and capital expenditures is useful for assessing the effects of each spending category on short- and long-run non?oil real GDP growth
Physical Description:21 pages
ISBN:9781451859911

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