This research contributes to the ongoing discourse concerning the efficiency of public capital and its influence on the productivity of private capital and total factor productivity within African economies. Employing the standard production approach, we include public capital as a distinct...

The purpose of this paper is to find the relationship between public expenditure in the educational sector and the economic growth in Indonesia since the government decided to spend 20% of the state budget on education. We used time series data from 1988 to 2018 and the Cobb-Douglas production...

The objective of this study is to evaluate the relationship between public expenditure for education and human capital on economic growth in Honduras from 1990 to 2020, using the instrumental variables (IV) method, which incorporates the components of public spending on education and human...

The village fund allocation is a policy strategy of the government of Indonesia for development in rural areas. Each village has funds sourced from the State Revenue and Expenditure Budget. The uniqueness of this strategy is the community's involvement in determining the allocation expenditure...

This paper contributes to the limited literature on the factors conditioning the turning point of the public debt-growth relationship. A decade after the global financial crisis, when the debt ratio in many countries was still above pre-crisis levels, the COVID-19 pandemic kagain increased the...

Education is a crucial factor for sustainable economic growth. Therefore, public expenditures on education are of great interest to both researchers and policy makers. The channels through which education affects economic growth differ according to the level of development of the country. This...

This paper offers an empirical examination of the relationship between government spending’s, income inequality, and economic growth by using the case of 19 Asian countries from 2002 to 2017. For this purpose, the paper uses robust difference-GMM estimation and panel granger causality test. We...

This study rigorously investigates the non-monotonic phenomenon of the government spending-growth nexus in the EECA. Using panel data from 19 countries over the period 1995-2019, a nonlinear quadratic estimator and cubic nonlinear estimator were applied to quantile regressions. The preliminary...

The objective of this study was to establish the relationship between certain institutional variables and the effectiveness of fiscal decentralisation in Latin America. To fulfil this objective, we took a sample of 15 Latin American countries for the years 1996 to 2020 to estimate the logarithm...