Abstract
Employing endogenous growth model, panel data from 62 provinces and cities in 2000-2011 and PMG and Arellano-Bond difference GMM, the research analyzes empirically the relationship between the fiscal policy and economic growth in Vietnam. Its main findings are: (i) fiscal decentralization and economic growth cointegrate in the long run, but government’s efforts to adjust its fiscal policy during economic shocks that cause disequilibrium or make the economy deviate from its long-term trend produce very low effects; (ii) fiscal income decentralization and fiscal support have positive effects on economic growth while expenditure decentralization does not; (iii) current expenditure and spending on education, scientific research, health care and environmental issues produce positive effects on the economic growth while public investment fails to do so.
Full Text
Topics from this Paper
Fiscal Decentralization
Economic Growth In Vietnam
Fiscal Policy
Economic Growth
Growth In Vietnam
+ Show 5 more
Create a personalized feed of these topics
Get StartedTalk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Similar Papers
Journal of the Asia Pacific Economy
Jan 6, 2011
Investment Management and Financial Innovations
Dec 20, 2019
Annals of Public and Cooperative Economics
Sep 26, 2019
Australian Economic Papers
Nov 27, 2023
Journal of Cleaner Production
Dec 1, 2019
Journal of Public Budgeting, Accounting & Financial Management
Aug 28, 2020
Nov 1, 2018
Tamansiswa Management Journal International
Apr 30, 2022
International Journal of Business and Management Research
Jun 26, 2023
Theoretical Economics Letters
Aug 1, 2019
European Journal of Sustainable Development
Oct 1, 2020
Journal of Economics and Finance
Sep 29, 2009
ASEAN Economic Bulletin
Dec 31, 2010
Journal of Economics and Business
Dec 30, 2020
Journal of Asian Business and Economic Studies
Journal of Asian Business and Economic Studies
Nov 1, 2023
Journal of Asian Business and Economic Studies
Oct 13, 2023
Journal of Asian Business and Economic Studies
Aug 31, 2023
Journal of Asian Business and Economic Studies
Aug 3, 2023
Journal of Asian Business and Economic Studies
Aug 1, 2023
Journal of Asian Business and Economic Studies
Jun 12, 2023
Journal of Asian Business and Economic Studies
Mar 22, 2023
Journal of Asian Business and Economic Studies
Feb 20, 2023
Journal of Asian Business and Economic Studies
Jan 24, 2023
Journal of Asian Business and Economic Studies
Nov 15, 2022