External audit importance toward efficiency of public funds and the economic growth-a study case of Kosovo

Medain Hashani (), Roberta Bajrami () and Besime Ziberi ()

Humanities and Social Sciences Letters, 2025, vol. 13, issue 1, 200-213

Abstract: The purpose of this study is to shed light on the importance of the external audit towards the efficiency of public funds and to estimate further the impact of related macroeconomic determinants such as government expenditures, government debt to GDP, government revenue, and fiscal expenditure in economic growth in the case of Kosovo. The study employs a quantitative research method utilizing secondary data from 2012-2021 sourced from World Bank indicators. The econometric models employed in this study are the OLS and VAR models. The study finds that a point increase in public debt will decrease the GDP growth in the case of Kosovo. The empirical findings suggest further that an increase in government spending leads to a rise in GDP growth, whereas government revenues and fiscal expenditures are statistically not significant in the study circumstances. Budgetary expenditure is negatively signed, indicating that an increase in fiscal expenditure leads to a decrease in GDP growth, and it is statistically not significant. The study concludes that external audits play a crucial role in the efficiency of public funds and sheds light on macroeconomic determinants related to external audits that have an impact on economic growth in the case of Kosovo.

Keywords: Audit; Efficiency; OLS model; Public expenditures; State budget; VAR model. (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://archive.conscientiabeam.com/index.php/73/article/view/4047/8413 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pkp:hassle:v:13:y:2025:i:1:p:200-213:id:4047

Access Statistics for this article

More articles in Humanities and Social Sciences Letters from Conscientia Beam
Bibliographic data for series maintained by Dim Michael ().