文章基本信息

标题：Does Fiscal Policy Matter for Growth? Empirical Evidence from Pakistan
本地全文：下载
作者：Rabia Nazir ; Mumtaz Anwar ; Mamoona Irshad 等
期刊名称：International Journal of Economics and Finance
印刷版ISSN：1916-971X
电子版ISSN：1916-9728
出版年度：2013
卷号：5
期号：3
页码：205
DOI：10.5539/ijef.v5n3p205
出版社：Canadian Center of Science and Education
摘要：The present study is designed to investigate the short and long run impact of fiscal strategy variables on GDP growth of Pakistan by employing Johanson co-integration technique and ECM. Data on GDP per capita, per capita real public revenues, government final consumption expenditures, discount rate, trade openness, and gross fixed capital formation has been gained from various sources like world development indicators, FBS Pakistan and the economic survey of Pakistan (various sources). In long run government consumption expenditures and public revenues both are affecting GDP significantly with negative and positive coefficients respectively. Moreover ECM indicates that approximately 37% of the disequilibrium error is corrected in each period which is a good speed of convergence. The Reduction of government consumption expenditures and enhancing revenue generation efficiency is recommended for better outcomes of fiscal policy in Pakistan.