tailieunhanh - Government size and economic growth in Vietnam: A panel analysis

The effect of government relative size on economic growth is a contentious issue. This paper is undertaken to test the relationship between government size and economic growth in Vietnam. The study is a panel data investigation, involving 60 provinces over the period 1997–2012. | JED October 2014| 17 Government Size and Economic Growth in Vietnam: A Panel Analysis SỬ ĐÌNH THÀNH University of Economics HCMC – dinhthanh@ ARTICLE INFO ABSTRACT Article history: Received: June 10, 2014 Received in revised form July 5, 2014 Accepted: Sep 30, 2014 The effect of government relative size on economic growth is a contentious issue. This paper is undertaken to test the relationship between government size and economic growth in Vietnam. The study is a panel data investigation, involving 60 provinces over the period 1997–2012. Various measures of government size are defined: provincial government expenditure as a share of gross provincial product (GPP), provincial government revenue as a share of GPP, real provincial government expenditure per capita, and real provincial government revenue per capita. Empirical estimates are employed by conducting Difference Generalized Method of Moments method proposed by Arellano and Bond (1991) and Pooled Mean-Group method by Pesaran, et al. (1999). These tests reveal: (i) provincial government expenditure (revenue) as a share of GPP has a significantly negative effect on economic growth; and (ii) the real government expenditure (revenue) per capita has a significantly positive effect on economic growth. It is also found that the long-run and short-run coefficients of government expenditure size are significant and negative, that the correction mechanism from the short run disequilibrium to the long run equilibrium is not convergent, and that government employment has a negative correlation with economic growth. Keywords: government size, economic growth, GMM and PMG estimations. 18 | Sử Đình Thành | 17 - 39 1. INTRODUCTION There are several approaches to measures of government size. Most empirical studies in this field have employed government expenditure (revenue) as a share of GDP as various determinants of government size (Berry & Lowery, 1984; .

• Kinh tế học
• Government size
• Economic growth
• GMM and PMG estimations
• Economic growth in Vietnam
• Gross provincial product
• Oil revenues
• Generalized method of moments
• Oil exporting countries
• Iran’s economy
• public health needs
• clearly inadequate
• government procurement
• Possible Role
• Seed Size
• Determination
• Nutritional and Proteomic
• Reproduction
• Cytokinins and Their
• public pressures
• government mandates
• Insulin Like Growth
• Factor Axis
• Preeclampsia
• Blood Parameters
• Tiểu luận kinh tế lượng
• Tiểu luận kinh tế vĩ mô
• Tiểu luận kinh tế phát triển
• Quy mô chính phủ
• Quy mô nợ công
• Tăng trưởng kinh tế thực
• Chính sách tiền tệ
• Phát hành nợ
• renovating existing buildings
• Factors Limiting
• evelopment of Obesity
• Childhood Inmigration
• Obesity
• Emerging Problem