eprintid: 15852
rev_number: 2
eprint_status: archive
userid: 1
dir: disk0/00/01/58/52
datestamp: 2023-11-10 03:30:29
lastmod: 2023-11-10 03:30:29
status_changed: 2023-11-10 02:00:34
type: article
metadata_visibility: show
creators_name: Marimuthu, M.
creators_name: Khan, H.
creators_name: Bangash, R.
title: Fiscal Causal Hypotheses and Panel Cointegration Analysis for Sustainable Economic Growth in ASEAN
ispublished: pub
note: cited By 2
abstract: This study aims to examine the causal links between the fiscal components, i.e., government expenditures (GE) and government revenues (GR), and their impact on the economic growth of the Association of Southeast Asian Nations (ASEAN) region. This analysis considered secondary panel data from 1990 to 2019 at an annual frequency. The data is obtained from the Asian Development Bank (ADB) and World Bank Database. A panel cointegration and panel DH causality (Dumitrescu and Hurlin) approach was employed on financial data at an annual frequency from 1990 to 2019. The findings from panel unit root and panel cointegration tests demonstrate that, at first, all the variables are stationary and cointegrated. The panel ARDL disclosed that GE has a long-run connection with GDP, is significantly and positively associated with economic growth in the long run, whereas GR is significant in the short run. The contribution of GE is high in sustaining economic growth as compared to GR. Also, cointegration regression disclosed that GE is more sensitive toward GDP, while GR is less elastic. Lastly, the findings reveal that bidirectional causality exists between GE and GR variables. These results have policy implications for sustainable economic growth in the ASEAN region. © Copyright: The Author(s) This is an Open Access article distributed under the terms of the Creative Commons Attribution Non-Commercial License (https://creativecommons.org/licenses/by-nc/4.0/) which permits unrestricted non-commercial use, distribution, and reproduction in any medium, provided the original work is properly cited.
date: 2021
publisher: Korea Distribution Science Association (KODISA)
official_url: https://www.scopus.com/inward/record.uri?eid=2-s2.0-85101043449&doi=10.13106%2fjafeb.2021.vol8.no2.0099&partnerID=40&md5=a768535aafc2a4d1430411ee97319cbf
id_number: 10.13106/jafeb.2021.vol8.no2.0099
full_text_status: none
publication: Journal of Asian Finance, Economics and Business
volume: 8
number: 2
pagerange: 99-109
refereed: TRUE
issn: 22884637
citation:   Marimuthu, M. and Khan, H. and Bangash, R.  (2021) Fiscal Causal Hypotheses and Panel Cointegration Analysis for Sustainable Economic Growth in ASEAN.  Journal of Asian Finance, Economics and Business, 8 (2).  pp. 99-109.  ISSN 22884637