The impact of government spending on the economic growth of a sample of developing countries using panel data

Amine Tammar
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Amine Tammar: University of Ali Lounici Blida 2, Algeria

Theoretical and Applied Economics, 2021, vol. XXVIII, issue 4(629), Winter, 169-178

Abstract: The following study aims to study the impact of government spending on economic growth for the period (2005-2019) using panel data on a sample of (15) developing countries. The Pooled Mean Group Estimator (PMG) method was used to estimate the study model. The results of which showed in the short and long run the existence of a significant and direct relationship between government spending and economic growth in the countries under study. This is consistent with most of the previous studies and the Keynesian theory, which indicate that government spending is one of the components of effective aggregate demand, which is positively reflected on the gross domestic product through its ability to create new individual incomes, and thus a rise in the productivity and consumption of economic agents.

Keywords: government spending; economic growth; panel data; (PMG). (search for similar items in EconPapers)
Date: 2021
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