文章基本信息

标题：Effect of Fiscal Policy and Trade Openness on Economic Growth in Indonesia:1990-2015
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作者：Nursini Nursini
期刊名称：International Journal of Economics and Financial Issues
电子版ISSN：2146-4138
出版年度：2017
卷号：7
期号：1
页码：358-364
语种：English
出版社：EconJournals
摘要：This study examines empirically the effect of fiscal policy and trade openness on economic growth in Indonesia for the period 1990-2015. Fiscal policy includes government spending on infrastructures, human resources, and routine spending, while tax revenue and foreign loans is as source of financing. This study finds government spending on infrastructure and human resources have positive and significant effect on economic growth if they are financed by tax revenue and insignificant if they are financed by foreign loans. Routine government spending has negative and insignificant effect on economic growth for both financed by taxes and foreign loans. Trade openness has positive and significant effect on economic growth. The implication is the proportion of spending on infrastructure and human resources should be increased by taxes financing rather than foreign loans. Competitiveness of domestic industries should be improved to achieve a positive impact of free trade. Keywords: Fiscal, Trade openness, Economic Growth JEL Classifications: E62; F13; F41; H5; H6
其他摘要：This study examines empirically the effect of fiscal policy and trade openness on economic growth in Indonesia for the period 1990-2015. Fiscal policy includes government spending on infrastructures, human resources, and routine spending, while tax revenue and foreign loans is as source of financing. This study finds government spending on infrastructure and human resources have positive and significant effect on economic growth if they are financed by tax revenue and insignificant if they are financed by foreign loans. Routine government spending has negative and insignificant effect on economic growth for both financed by taxes and foreign loans. Trade openness has positive and significant effect on economic growth. The implication is the proportion of spending on infrastructure and human resources should be increased by taxes financing rather than foreign loans. Competitiveness of domestic industries should be improved to achieve a positive impact of free trade. Keywords: Fiscal, Trade openness, Economic Growth JEL Classifications: E62; F13; F41; H5; H6