- Tytuł:
- Budget Deficit and Economic Growth in Sri Lanka: An Econometric Dynamic Analysis
- Autorzy:
- Aslam, A. L. Mohamed
- Powiązania:
- https://bibliotekanauki.pl/articles/1192692.pdf
- Data publikacji:
- 2016
- Wydawca:
- Przedsiębiorstwo Wydawnictw Naukowych Darwin / Scientific Publishing House DARWIN
- Tematy:
-
Dynamic relationship
Budget deficit
Economic growth
Export earnings
Exchange rate and Inflation - Opis:
- Budget deficit is a debating word in developing countries; it maintains a relationship with economic growth of countries in different aspects. The objective of this study was to test the dynamic relationship between the budget deficit and the economic growth of Sri Lanka using annual time series data from 1959 to 2013.To test this objective, the budget deficit of Sri Lanka was used as main independent variable and the gross domestic product in constant price was utilized as dependent variable. The exports earnings, exchange rate, inflation rate were used supportive independent variables of this study. The Johansen cointegration technique and Vector Error Correction Model were employed to test the long and short - run dynamic relationship between the budget deficit and the economic growth of Sri Lanka. This study found that all variables were cointegrated at 1st difference form. In the meantime the budget deficit and economic growth of Sri Lanka had preserved a long- run dynamic relationship during the study period but no short- run dynamic relationship. In addition, the budget deficit had positive relationship with economic growth of Sri Lanka.
- Źródło:
-
World Scientific News; 2016, 46; 176-188
2392-2192 - Pojawia się w:
- World Scientific News
- Dostawca treści:
- Biblioteka Nauki
Artykuł