Government expenditure and economic growth: evidence for Singapore, Hong Kong China and Malaysia




НазваниеGovernment expenditure and economic growth: evidence for Singapore, Hong Kong China and Malaysia
страница1/19
Дата конвертации14.05.2013
Размер0.5 Mb.
ТипДокументы
  1   2   3   4   5   6   7   8   9   ...   19
Government expenditure and economic growth: evidence for Singapore, Hong Kong China and Malaysia


Bachelor thesis

International Bachelor Economics and Business Economics

Erasmus University Rotterdam, 2008/2009

Thanh Pham


Abstract


The relation between government expenditure and economic growth has been extensively investigated by the use of different models.

This thesis analyzes the potential of government expenditure to significantly influence the economy in four Asian regions: China, Hong Kong, Malaysia and Singapore. The model used is the fixed effects panel OLS model.

The empirical results demonstrate a negatively significant influence of government expenditure on social and general development on the economy and a positively significant influence of government expenditure on economic development on the economy.


Table of contents

Introduction 5

Purpose 6

Methodology 6

Outline 7

1.Theories of Public Expenditure 8

1.1Statistics on government expenditure 8

1.2Two general schools of thought on public expenditure 9

1.3State Form In Relation To Government Expenditure 10

1.4Armey Curve 11

1.5Concerns 12

12

2.Government Expenditure evaluation per country 13

2.1Trends in public Expenditure in Asia 14

2.2Singapore 16

2.2.1Composition of Development Expenditure 17

2.3Hong Kong 18

2.3.1Composition of government expenditure 19

2.4China 20

2.4.1Composition of government development expenditure 21

2.5Malaysia 21

21

2.5.1Composition of government development expenditure 22

3.Economic growth theory 22

3.1Neo-classical growth theory 22

3.2Endogenous growth theory 23

3.3Adjusted growth theory 25

4.Methodology
26


4.1Foundation of the Methodology 26

4.2Applied Model 28

5.Data 29

6.Empirical results 31

7.Conclusion 33

8.Appendices 34

Appendix A: composition of government expenditure variables 34

Appendix B: Work file statistics 35

Appendix C: Descriptive statistics common sample 36

Appendix D: Results 37

Fixed Effect model: 37

Random effects Model 38

Appendix E: Hausman test results/Determination model 39

Appendix F: Results F-test (extended model) 39

Results for the F-statistic and Chi square 39

Cross-section fixed effects test 40

Period fixed effects test equation 41

Cross-section and period fixed effects test 41

Appendix G: Results Extended Model 43

Appendix H: Dummy variables for cross sections and year 44

9.Sources 46



GRAPHICAL AND TABULAR REPRESENTATIONS

Introduction 5

Purpose 6

Methodology 6

Outline 7

1.Theories of Public Expenditure 8

1.1Statistics on government expenditure 8

1.2Two general schools of thought on public expenditure 9

1.3State Form In Relation To Government Expenditure 10

1.4Armey Curve 11

Graph 1.1: Armey Curve 11

1.5Concerns 12

12

2.Government Expenditure evaluation per country 13

2.1Trends in public Expenditure in Asia 14

Table 2.1:Fiscal Balance per region 14

Table 2.2: Fiscal Balance per country 15

2.2Singapore 16

2.2.1Composition of Development Expenditure 17

2.3Hong Kong 18

2.3.1Composition of government expenditure 19

2.4China 20

2.4.1Composition of government development expenditure 21

2.5Malaysia 21

21

2.5.1Composition of government development expenditure 22

3.Economic growth theory 22

3.1Neo-classical growth theory 22

3.2Endogenous growth theory 23

3.3Adjusted growth theory 25

4.Methodology
26


4.1Foundation of the Methodology 26

4.2Applied Model 28

5.Data 29

6.Empirical results 31

7.Conclusion 33

8.Appendices 34

Appendix A: composition of government expenditure variables 34

Appendix B: Work file statistics 35

Appendix C: Descriptive statistics common sample 36

Appendix D: Results 37

Fixed Effect model: 37

Random effects Model 38

Appendix E: Hausman test results/Determination model 39

Appendix F: Results F-test (extended model) 39

Results for the F-statistic and Chi square 39

Cross-section fixed effects test 40

Period fixed effects test equation 41

Cross-section and period fixed effects test 41

Appendix G: Results Extended Model 43

Appendix H: Dummy variables for cross sections and year 44

9.Sources 46


  1   2   3   4   5   6   7   8   9   ...   19

Добавить в свой блог или на сайт

Похожие:

Government expenditure and economic growth: evidence for Singapore, Hong Kong China and Malaysia iconKilling the Goose that Lays the Golden Egg: a time-Series Analysis of Institutional Change and Economic Growth in Hong Kong

Government expenditure and economic growth: evidence for Singapore, Hong Kong China and Malaysia iconFederal expenditure policies for economic growth and stability : report of the subcommittee on Fiscal Policy to the Joint Economic Committee, Congress of the

Government expenditure and economic growth: evidence for Singapore, Hong Kong China and Malaysia icon1. Federal expenditure policies for economic growth and stability : report of the subcommittee on Fiscal Policy to the Joint Economic Committee, Congress of the

Government expenditure and economic growth: evidence for Singapore, Hong Kong China and Malaysia icon1-5 Wo Liu Hang Road, Fo Tan, New Territories, Hong Kong, china

Government expenditure and economic growth: evidence for Singapore, Hong Kong China and Malaysia iconThe impact of Foreign Direct Investment on Economic growth in China

Government expenditure and economic growth: evidence for Singapore, Hong Kong China and Malaysia iconThe university of hong kong

Government expenditure and economic growth: evidence for Singapore, Hong Kong China and Malaysia iconThe university of hong kong

Government expenditure and economic growth: evidence for Singapore, Hong Kong China and Malaysia iconAffiliation: The University of Hong Kong

Government expenditure and economic growth: evidence for Singapore, Hong Kong China and Malaysia iconCity university of hong kong

Government expenditure and economic growth: evidence for Singapore, Hong Kong China and Malaysia iconCity University of Hong Kong


Разместите кнопку на своём сайте:
lib.convdocs.org


База данных защищена авторским правом ©lib.convdocs.org 2012
обратиться к администрации
lib.convdocs.org
Главная страница