BibTex RIS Cite

Fiscal Deficit, National Saving and Sustainability of Economic Growth in Emerging Economies: A Dynamic GMM Panel Data Approach

Year 2012, Volume: 2 Issue: 2, 126 - 140, 01.06.2012

Abstract

The neoclassical growth models argued that the movement to steady states; technology, exogenous rate of savings, population growth and technical progress stimulate higher growth levels (Solow 1956). Contrary to the neoclassical argument, endogenous growth model argues that, in the theory of endogenous growth, government play a significant role in promoting accumulation of knowledge, research and development, public investment, human capital development, law and order can generate growth both in the short and long run. Moreover, they assumed technical progress as endogenous variable for growth (Barro 1995). This study analyze the effects of fiscal deficit on sustainability of economic growth and provided new empirical evidence on the effects of fiscal deficit on saving and sustainability of economic growth based on the assumption of endogenous growth model. We estimated using the reduced form of GMM method for dynamic panels covers 1990-2009 for three emerging countries that includes China, India and South Africa.

Year 2012, Volume: 2 Issue: 2, 126 - 140, 01.06.2012

Abstract

There are 0 citations in total.

Details

Other ID JA78YR42MU
Journal Section Research Article
Authors

Buscemi Antonino This is me

Yallwe Hagos Alem This is me

Publication Date June 1, 2012
Published in Issue Year 2012 Volume: 2 Issue: 2

Cite

APA Antonino, B., & Alem, Y. H. (2012). Fiscal Deficit, National Saving and Sustainability of Economic Growth in Emerging Economies: A Dynamic GMM Panel Data Approach. International Journal of Economics and Financial Issues, 2(2), 126-140.
AMA Antonino B, Alem YH. Fiscal Deficit, National Saving and Sustainability of Economic Growth in Emerging Economies: A Dynamic GMM Panel Data Approach. IJEFI. June 2012;2(2):126-140.
Chicago Antonino, Buscemi, and Yallwe Hagos Alem. “Fiscal Deficit, National Saving and Sustainability of Economic Growth in Emerging Economies: A Dynamic GMM Panel Data Approach”. International Journal of Economics and Financial Issues 2, no. 2 (June 2012): 126-40.
EndNote Antonino B, Alem YH (June 1, 2012) Fiscal Deficit, National Saving and Sustainability of Economic Growth in Emerging Economies: A Dynamic GMM Panel Data Approach. International Journal of Economics and Financial Issues 2 2 126–140.
IEEE B. Antonino and Y. H. Alem, “Fiscal Deficit, National Saving and Sustainability of Economic Growth in Emerging Economies: A Dynamic GMM Panel Data Approach”, IJEFI, vol. 2, no. 2, pp. 126–140, 2012.
ISNAD Antonino, Buscemi - Alem, Yallwe Hagos. “Fiscal Deficit, National Saving and Sustainability of Economic Growth in Emerging Economies: A Dynamic GMM Panel Data Approach”. International Journal of Economics and Financial Issues 2/2 (June 2012), 126-140.
JAMA Antonino B, Alem YH. Fiscal Deficit, National Saving and Sustainability of Economic Growth in Emerging Economies: A Dynamic GMM Panel Data Approach. IJEFI. 2012;2:126–140.
MLA Antonino, Buscemi and Yallwe Hagos Alem. “Fiscal Deficit, National Saving and Sustainability of Economic Growth in Emerging Economies: A Dynamic GMM Panel Data Approach”. International Journal of Economics and Financial Issues, vol. 2, no. 2, 2012, pp. 126-40.
Vancouver Antonino B, Alem YH. Fiscal Deficit, National Saving and Sustainability of Economic Growth in Emerging Economies: A Dynamic GMM Panel Data Approach. IJEFI. 2012;2(2):126-40.