Does the Effectiveness of Budget Deficit Vary between Welfare and Non-Welfare Countries?
Электронный научный архив УРФУ
Информация об архиве | Просмотр оригинала| Поле | Значение | |
| Заглавие |
Does the Effectiveness of Budget Deficit Vary between Welfare and Non-Welfare Countries?
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| Автор |
Musa, K.
Ali, N. Said, J. Ghapar, F. Mariev, O. Mohamed, N. Tahir, H. M. |
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| Тематика |
BUDGET DEFICIT
ECONOMIC GROWTH GOVERNANCE QUANTILE VIA MOMENT WELFARE COUNTRY BUDGET DEFICIT ECONOMETRICS ECONOMIC GROWTH ECONOMIC SYSTEM GOVERNANCE APPROACH SPATIOTEMPORAL ANALYSIS SUSTAINABILITY |
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| Описание |
Government intervention is imperative in the mixed economic system due to market failures, imperfection, pure public goods, and economic externalities. To this end, we measure the comparative impact of budget deficits on economic growth, incorporating the moderating role of quality of governance (QOG) for welfare and non-welfare countries. We apply a newly developed econometric model, namely Panel Quantile Regression via Moment Conditions, considering the scale and location effect due to high heterogeneity in our panel time series data over 1990–2020. Our empirical investigation shows that the budget deficit promotes economic growth sustainability in the overall sample countries. The comparative analysis confirms that budget deficit promotes economic growth for welfare countries while it impends for non-welfare countries. Furthermore, QOG augments sustainable economic growth in different economic circumstances in welfare countries and non-welfare countries. Finally, the results also demonstrate that the QOG plays a supportive role in the nexus between budget deficit and economic growth in the full sample countries. The findings indicate that the effectiveness of the budget deficit varies across welfare and non-welfare countries. In general, QOG promotes economic growth, but its stringent rules and restrictions somewhat slow down the wheel of the growth process. We provide several policy implications. © 2023 by the authors.
KUPTM.DVCRI.RMC.17; Universiti Teknologi MARA, UiTM; Russian Science Foundation, RSF: 19-18-00262 Farha Ghapar acknowledges the support matching grant of the Accounting Research Institute, Universiti Teknologi MARA (UiTM) and Universiti Poly-Tech Malaysia [Grant number KUPTM.DVCRI.RMC.17.MS (02)]. Oleg Mariev acknowledges support from the Russian Science Foundation [RSF grant number 19-18-00262]. |
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| Дата |
2024-04-05T16:17:34Z
2024-04-05T16:17:34Z 2023 |
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| Тип |
Article
Journal article (info:eu-repo/semantics/article) |info:eu-repo/semantics/publishedVersion |
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| Идентификатор |
Musa, K, Ali, N, Said, J, Ghapar, F, Mariev, O, Mohamed, N & Tahir, HM 2023, 'Does the Effectiveness of Budget Deficit Vary between Welfare and Non-Welfare Countries?', Sustainability, Том. 15, № 5, 3901. https://doi.org/10.3390/su15053901
Musa, K., Ali, N., Said, J., Ghapar, F., Mariev, O., Mohamed, N., & Tahir, H. M. (2023). Does the Effectiveness of Budget Deficit Vary between Welfare and Non-Welfare Countries? Sustainability, 15(5), [3901]. https://doi.org/10.3390/su15053901 2071-1050 Final All Open Access, Gold https://www.scopus.com/inward/record.uri?eid=2-s2.0-85149960742&doi=10.3390%2fsu15053901&partnerID=40&md5=46349249e59f667c4dddc71bfe495d18 https://www.mdpi.com/2071-1050/15/5/3901/pdf?version=1677027008 http://elar.urfu.ru/handle/10995/130275 10.3390/su15053901 85149960742 000947465300001 |
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| Язык |
en
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| Связанные ресурсы |
info:eu-repo/grantAgreement/RSF//19-18-00262
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| Права |
Open access (info:eu-repo/semantics/openAccess)
cc-by https://creativecommons.org/licenses/by/4.0/ |
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| Формат |
application/pdf
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| Издатель |
MDPI
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| Источник |
Sustainability
Sustainability (Switzerland) |
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