Stock market and tax revenue as determinants of economic growth: Panel data evidence from developing Asia

2015 ◽  
Vol 49 (4) ◽  
pp. 89-107 ◽  
Author(s):  
Sisira R.N. Colombage ◽  
Svetlana Maslyuk ◽  
Roshaiza Taha
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Stock Market ◽  
Tax Revenue ◽  
Determinants Of Economic Growth

Public investments, productivity and economic growth

2017 ◽  
Vol 66 (2) ◽  
pp. 251-265 ◽  
Author(s):  
Olga Murova ◽  
Aman Khan
Keyword(s):  
Economic Growth ◽  
Public Sector ◽  
Panel Data ◽  
Public Safety ◽  
Tax Revenue ◽  
Content Type ◽  
The Public ◽  
Public Investments ◽  
The Usa ◽  
Service Sectors

Purpose The purpose of this paper is to use stochastic frontier analysis (SFA) to estimate the efficiency of public investments and their impact on economic growth in the USA using panel data. Results of the study show highly significant and positive relationships between gross state product (GSP) and expenditures on education, transportation, health, welfare, and public safety (police and fire), and negative but significant relationships between output and employment in health care and public safety services. Inefficiencies in the study are measured using per capita tax revenue and time. Tax revenue has a very minimal positive and significant effect on efficiency, while time inversely relates to efficiency. Design/methodology/approach The present study uses SFA to investigate the efficiency of government expenditures in five service sectors – education, transportation, health, welfare, and public safety (police and fire), using recent data and economic trends. The study hypothesizes that changes in the current levels of expenditures in the public sector have a significant impact on the aggregate economy, as measured by GSP. The study uses GSP as the dependent (output) variable, and government expenditure on the five service sectors as the independent (input) variables. Findings Analysis of efficiency for individual states for all 21 years produced interesting results. Overall, the technical efficiency of the public sector was quite high. The average TE score across all years and all states was 0.878. This suggests that public sector operates at a relatively high efficiency level. Originality/value The current SFA model followed Battese and Coelli approach of estimating efficiency of public sectors in each state of the USA. It allowed estimation of policy impact on the overall efficiency. It was applied to macroeconomic panel data.

scholarly journals The Determinants of Economic Growth in CEMAC through a Panel Data Approach

2016 ◽  
Vol 4 (2) ◽  
pp. 483
Author(s):  
Nzingoula Gildas Crepin
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Fixed Effects ◽  
Good Governance ◽  
Generalized Method Of Moments ◽  
Central Africa ◽  
Ordinary Least Squares ◽  
Fixed Effects Model ◽  
Main Determinants ◽  
Determinants Of Economic Growth

<div><p><em>This article highlights through a panel data approach the determinants of economic growth; observed over the last decade in the Economic and Monetary Community of Central Africa (CEMAC) and necessary to reach emerging economies stage. To do this, we essentially used Stata 12 software to come up with the results, and a panel data sample comprising six CEMAC member states, namely Congo, Cameroon, Gabon, Equatorial Guinea, Central African Republic and Chad, for the period ranging from 2000 to 2013. The results obtained after estimating ordinary least squares, fixed effects model, random effects model, generalized method of moments (GMM) and specification tests show that the best model to estimate these types of data is the fixed effects model. Besides, the main determinants of economic growth in CEMAC over that period are Foreign Direct Investment (FDI) and loans lending to the economy (LOAN). After estimation, FDI is found positive and significant on economic growth, while LOAN is significant and found negative maybe due to lack of good governance.</em></p></div>

scholarly journals HUBUNGAN ANTARA KORUPSI DENGAN PERKEMBANGAN PASAR SAHAM DAN PERBANKAN: KAJIAN EMPIRIS PADA SEMBILAN NEGARA DIKAWASAN ASEAN+3

2017 ◽  
Vol 15 (1) ◽  
pp. 1
Author(s):  
Muhammad Fazri ◽  
Hermanto Siregar ◽  
Heni Hasanah
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Panel Data ◽  
Stock Market ◽  
Financial Institutions ◽  
Development Process ◽  
Institutional Influences ◽  
Banking Development ◽  
Macroeconomic Stability

Banking and stock market are two financial institutions which play an important role in the economic development process. Many studies suggest that the development of banking and stock market are able to increase the economic growth. There are factors which influence the development of these two financial institutions, for example macroeconomic stability and institutional influences such as corruption. This study aims to analyze how corruption affects the development of banking and stock market and also tries to identify the role of development of banking to reduce corruption. This study uses panel data for nine countries of ASEAN +3 region, during 2003-2012. The result shows that corruption hinders the development of banking and stock market. In addition, banking development will reduce corruption.

scholarly journals trade for development. determinants of economic growth in COMESA region. A panel data approach.

2020 ◽  
Author(s):  
Gassahun Getenet Gelaye
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Trade Openness ◽  
Fixed Effect Model ◽  
Model Specification ◽  
Domestic Saving ◽  
Regression Result ◽  
Hausman Test ◽  
Fixed Capital Formation ◽  
Determinants Of Economic Growth

The objective of this paper is to analyze the determinants of economic growth in COMESA member countries from 1985-2015 using a panel data approach. In the study both descriptive and econometric analysis were used. For model specification a Hausman test and link tests were used. A Hausman test suggested for fixed effect model as an appropriate model in this study. In addition, other CLM assumptions were detected before the actual regression result and there were found a problem of serial correlation and heteroskedasticity. As a result, a cluster robust of standard error test was used to handle the problem. The regression result show that foreign direct investment, broad money, trade openness, and human capital growth were found to have positive and significant impact on economic growth in the region. In contrast, gross fixed capital formation in this study was found to have insignificant impact on economic growth in COMESA member countries. Moreover, government final consumption expenditure, inflation and population growth affects economic growth negatively and significantly in COMESA member countries. In this paper a policy recommendation appeal to appreciate domestic saving and investment from the residence, and reduction of tariff for imported capital goods and domestic innovation, reforms to be forwarded more open to global trade for the region (COMESA) member countries through reduction of trade barriers between the COMESA member countries and the rest of the world, and government consumption or investment in the region should be geared towards more productive activities for economic growth were discussed in this research paper.

scholarly journals Spatial Dimensions of Economic Growth in Brazil

2013 ◽  
Vol 2013 ◽  
pp. 1-19 ◽  
Author(s):  
Guilherme Mendes Resende
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Spatial Autocorrelation ◽  
Spatial Scales ◽  
Statistical Significance ◽  
State Level ◽  
The State ◽  
Omitted Variables ◽  
Spatially Correlated ◽  
Determinants Of Economic Growth

The contribution of this paper is to explore time and spatial scale dimensions of economic growth in Brazil using alternative panel data techniques to provide a measure of the extent of spatial autocorrelation (in kilometres) over three decades (1970–2000) as well as discussing the determinants of economic growth at a variety of geographic scales (minimum comparable areas, micro-regions, meso-regions, and states). The magnitude and statistical significance of growth determinants such as schooling, population density, population growth, and transportation costs are dependent on the scale of analysis. Moreover, the extent of residual spatial autocorrelation showed that it seems to vary across spatial scales. Indeed, spatial autocorrelation seems to be bounded at the state level and it shows positive and statistically significant values across distances of more than 1,500 kilometres at the other three spatial scales. Among other results, the study suggests that the nonspatial panel data techniques are not able to deal with spatially correlated omitted variables across different spatial scales, except for the state level where nonspatial panel data models seem to be appropriate to investigate growth determinants and convergence process in the Brazilian states case.

scholarly journals A Panel Data Analysis of Economic Growth Determinants in 34 African Countries

2021 ◽  
Vol 14 (6) ◽  
pp. 260
Author(s):  
Larissa Batrancea ◽  
Malar Mozhi Rathnaswamy ◽  
Ioan Batrancea
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Human Development ◽  
Low Income ◽  
Panel Data Analysis ◽  
African Countries ◽  
Gdp Growth Rate ◽  
Wide Range ◽  
Domestic Savings ◽  
Determinants Of Economic Growth

The research study investigated the economic determinants of economic growth in 34 countries across Africa during a two-decade period (2001–2019). For this purpose, the sample included a wide range of economies, from low income to high income and from low human development to high human development, according to recent international rankings provided by the World Bank and the United Nations Development Programme. By means of a multimodal approach centered on panel data modelling, we showed that economic growth, proxied by the GDP growth rate, was substantially influenced by economic indicators such as imports, exports, gross capital formation, and gross domestic savings. We also showed that foreign direct investment inflows and outflows play an important role for capital and savings. Our empirical results offer insights on strategies that national authorities could implement to boost economic growth and development across the African continent.

scholarly journals ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI PENERIMAAN PAJAK KENDARAAN BERMOTOR DI PROVINSI KALIMANTAN SELATAN

2021 ◽  
Vol 10 (4) ◽  
pp. 375
Author(s):  
Dwi Ajeng Kartini Apriliyanti ◽  
Harianto Harianto ◽  
Dedi Budiman Hakim
Keyword(s):  
Economic Growth ◽  
Regression Analysis ◽  
Panel Data ◽  
Global Economy ◽  
Central Government ◽  
Motor Vehicle ◽  
Positive Impact ◽  
Tax Revenue ◽  
Panel Data Regression ◽  
Data Regression

Decentralization is the transfer of governmental power by the central government to autonomous regions based on the principle of autonomy. In general, the results of the analysis show that decentralization has had a positive impact on local economic growth. Global economy crisis has affect national economic growth and South Kalimantan slowdown that occurred since 2012 and continued until 2015 which only grew by 3,84%. The realization of motor vehicle tax in 2015-2019 is still fluctuating even though in certain years it has reached the target, so it is necessary to know the factors that affect the motor vehicle tax revenue. The purpose of this study was to analyze the factors that influenced motor vehicle tax revenue in South Kalimantan Province.  The types of data used in this study are primary and secondary data. The analysis method used in this research is panel data regression analysis. The results of this study showed the number of vehicles has a positive and significant effect while population, PDRB per capita, inflation, tax system haven’t significant effect on motor vehicle tax revenues in South Kalimantan Province. Keywords: Panel Data Regression Analysis, motor vehicle tax.

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