e-journal

The composition of public expenditures and economic growth: evidence from Pakistan

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This study is an attempt to examine the role of sub categories of government expenditures
under democratic and military regimes in Pakistan for the period of 1972-2009.
Design/methodology/approach – This study exercised autoregressive distributed lag (ARDL)model.
Findings – The results show that contractionary fiscal expansion occurs in Pakistan. Moreover, the
coefficient of development expenditure positively affects economic growth. It supports the public
capital hypothesis that states that public and private investments are complements to each other.
The results also show that current expenditure does not contribute to economic growth.
Practical implications – The study recommends that for the purpose of macroeconomic stability,
government should reduce its unproductive expenditure and should enhance its resource mobilization.
Originality/value – This study is an attempt to examine the dynamic relationship between the
composition of government expenditures and economic growth for Pakistan over the period of
1972-2009. The work is different from already existing literature in Pakistan. The authors’
investigated the impact of different categories of government expenditures on economic growth, which
has not been studied previously. Moreover, this study included a set of control variables by performing
sensitivity analysis which is a significant contribution to the existing literature.

Keywords Development, Political economics

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Ketersediaan

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Informasi Detail

Judul Seri

International Journal of Social Economics

No. Panggil

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Penerbit

: Emerald Group., 2013

Deskripsi Fisik

International Journal of Social Economics Vol. 40 No. 11, 2013

Bahasa

English

ISBN/ISSN

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Klasifikasi

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Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

EKONOMI

Info Detail Spesifik

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Pernyataan Tanggungjawab

Asmawati/Syahrial

Versi lain/terkait

Lampiran Berkas

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