Institutional, Economic and Demographic Determinants of the Public Spending: A Study of Selected SAARC Countries
Download| Volume 3 Issue 2 2022 | |
|---|---|
| Author(s): |
Sadaf Sultan
Muhammad Ehtisham Noor
Ghulam Ghouse
|
| Abstract | This study explores the impact of institutional, economic, and demographic factors of public spending for selected SAARC countries. The data is used for 6 countries from 2001 to 2021. The fixed effect model is applied by following the results of Durbin-WU-Hausman test. The institutional variables are government effectiveness, political stability, regulatory quality, and voice and accountability. The economic variables are total tax revenue, total debt, output gap, balance of trade, and income equality. While The population ages from 15 to 64, and population ages from 65 and above are the demographic indicators. The results indicate that the voice and accountability, total tax revenue and demographic indicators have significant impact on public spending. But population more than ages of 65 years have negative impact on public spending, while population ages from 15 to 64 has positive impact. Government effectiveness, political stability, Regulatory Quality, total Debt, balance of trade is insignificant. |
| Keywords | Institutions, Public Spending, Demographic factors, SAARC countries, Fixed Effect. |
| Year | 2022 |
| Volume | 3 |
| Issue | 2 |
| Type | Research paper, manuscript, article |
| Recognized by | Higher Education Commission of Pakistan, HEC | Category | "Y" | Journal Name | ILMA Journal of Social Sciences & Economics | Publisher Name | ILMA University | Jel Classification | - | DOI | http://dx.doi.org/ | ISSN no (E, Electronic) | 2790-5896 | ISSN no (P, Print) | 2709-2232 | Country | Pakistan | City | Karachi | Institution Type | University | Journal Type | Open Access | Manuscript Processing | Blind Peer Reviewed | Format | Paper Link | http://ijsse.ilmauniversity.edu.pk/arc/Vol3/pdf/v2/1.pdf | Page | 117- | 137