Citation
Rajabi, Ehsan and Muhammad, Junaina
(2013)
Government expenditure and economic growth in ASEAN-5: long -run tendencies and short-term adjustment.
International Journal of Research in Commerce, Economics and Management, 3 (7).
pp. 85-89.
ISSN 2231-4245
Abstract
A question of whether the government should intervene to correct for short-run fluctuations in economic activity has always been an interesting topic for
economists. This paper investigates the impact of government expenditure on the economic growth in ASEAN-5 countries during 1980-2006 by using Pooled
Mean Group. To examining both short run and long run effects, findings demonstrate that a large government expenditure influences the economic growth of
countries negatively. This negative impact may be a sign of the lower productivity of the capital input in ASEAN-5 economies with a large government
expenditure.
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