Does fiscal policy stimulate economic growth in Ethiopia? ARDL approach

References

• Agenor, P.-R., & Moreno-Dodson, B. (2006). Public infrastructure and growth: New channels and policy implications. World Bank Policy Research Working Paper 4064 (November), Washington, DC.
   Google Scholar
• Agenor, P.-R. (2007). Fiscal policy and endogenous growth with public infrastructure. Oxford Economic Papers, 60(1), 57–15. https://doi.org/10.1093/oep/gpm018
   Web of Science ®Google Scholar
• Ball, L., & Mankiw, N. G. (1995). What do budget deficits do? Harvard Institute of Economic Research Working Papers, 1740, 95–119.
   Google Scholar
• Banerjee, A., Dolado, J. J., Galbraith, J. W., & Hendry, D. F. (1993). Cointegration, error-Correction, and the econometric analysis of non-stationary data: advanced texts in econometrics. Oxford University Press.
   Google Scholar
• Banerjee, A., Juan, D., & Ricardo, M. (1998). Error-Correction mechanism tests for cointegration in a single-equation framework. Journal of Time Series Analysis, 19, 615–625.
   Google Scholar
• Barro, R. J. (1989), ‘Economic growth in a cross section of countries’, NBER Working Paper, Working Paper N0. 3120.
   Google Scholar
• Barro, R. J. (1990). Government spending in a simple model of endogenous growth. Journal of Political Economy, 98(2), 103–125. https://doi.org/10.1086/261726
   Web of Science ®Google Scholar
• Barro, R. J., & Sala-I-Martin, X. (1992). Public finance in models of economic growth. The Review of Economic Studies, 59(4), 645–661. https://doi.org/10.2307/2297991
   Web of Science ®Google Scholar
• Barro, R. J., & Sala-I-Martin, X. (1995). Economic growth. McGraw-Hill.
   Google Scholar
• Barro, R. J., & Sala-i-Martin, X. (2004). Economic growth. MIT Press.
   Google Scholar
• Baum, A., Checherita-Westphal, C., & Rother, P. (2012): Debt and growth. new evidence for the euro area. ECB Working Paper. No. 1450. July2012
   Google Scholar
• Bleaney, M., Gemmel, N., & Kneller, R. (2000), ‘Testing the endogenous growth model: Public expenditure, taxation and growth over the long-run’, DiscussionPaper No. 00/25, University of Nottingham.
   Google Scholar
• Boakye, P. F. (2008). Foreign Aid and Economic Growth in Ghana (1970-2005). ( Unpublished Masters dissertation), University of Science and Technology,
   Google Scholar
• De Castro, F. (2004). The macroeconomic effects of fiscal policy in Spain”, Banco de Espana, Working Paper Series, http//www.bde.es
   Google Scholar
• Diamond, John, W., Moomau, & Pamela, H. (2003, September). Issues in analyzing the macroeconomic effects of tax policy. National Tax Journal, National Tax Association;National Tax Journal, 56(3), 447–462.
   Google Scholar
• Easterly, W., & Rebelo, S. (1993). Fiscal policy and economic growth: An empirical investigation. Journal of Monetary Economics, 32(3), 417–458. https://doi.org/10.1016/0304-3932(93)90025-B
   Web of Science ®Google Scholar
• Elbadawi, I. A. (1999). External aid: Help or hindrance to export orientation in Africa? Journal of African Economies, 8(4), 578–616. https://doi.org/10.1093/jae/8.4.578
   Web of Science ®Google Scholar
• Ellahi, N., & Kiani, A. (2011). Investigating public investment-growth nexus for Pakistan. In International conference on E-business, management and economics, IPEDR (Vol. 25, pp. 239–244).
   Google Scholar
• Enders, W. (1995). Applied Econometric Times Series. John Wiley & Sons, Inc.
   Google Scholar
• Heintz, J., Pollin, R., & Garrett-Peltier, H. (2009). How infrastructure investments support the US economy: Employment, productivity and growth. Political Economy Research Institute (PERI), University of Massachusetts Amherst.
   Google Scholar
• Inder, B. (1993). Estimating long-run relationships in economics: A comparison of different approaches. Journal of Econometrics, 57(1–3), 53–68. https://doi.org/10.1016/0304-4076(93)90058-D
   Web of Science ®Google Scholar
• International Monetary Fund. (2016). IMF Executive Board Concludes 2016 Article IV Consultation with the Federal Democratic Republic of Ethiopia .
   Google Scholar
• Jones, D. M., Macken, W. J., & Murray, A. C. (1993). Disruption of visual short-term memory by changing-state auditory stimuli: The role of segmentation. Memory & Cognition, 21(3), 318–328.
   PubMed Web of Science ®Google Scholar
• Khosravi, A., & Karimi, M. S. (2010). To investigate the relationship between monetary policy,fiscal policy and economic growth in Iran:AutoregressiveDistributedLagApproachto cointegration. American Journal of Applied Sciences, 7(3), 420–424. https://doi.org/10.3844/ajassp.2010.415.419
   Google Scholar
• King, R. G., & Rebelo, S. (1990). Public policy and economic growth: Developing neoclassical implications. The Journal of Political Economy, 98(5, Part 2), S126–S150.
   Web of Science ®Google Scholar
• Kneller, R., Bleaney, M. F., & Gemmell, N. (1999). Fiscal policy and growth: Evidence from OECD countries. Journal of Public Economics, 74(2), 171–190. https://doi.org/10.1016/S0047-2727(99)00022-5
   Web of Science ®Google Scholar
• Lensink, R., & Morrissey, O. (2000). Aid instability as a measure of uncertainty and the positive impact of aid on growth. Journal of Development Studies, 36(3), 31–49. https://doi.org/10.1080/00220380008422627
   Web of Science ®Google Scholar
• Lucas, R. (1988). ”On the Mechanics of Economic Development.”J. Monetary Econ, 3–42.
   Web of Science ®Google Scholar
• Mintz, J. (1991). The Role of Wealth Taxation in the Overall Tax System. Canadian Public Policy, 171, 237–247. doi:
   Google Scholar
• MoFED (2013). Annual progress report for F.Y. 2011/12 growth and transformation plan. Addis Ababa.
   Google Scholar
• MoFED (2014). Growth and transformation plan annual progress report for F.Y. 2012/13. Addis Ababa.
   Google Scholar
• Muhammed, A., & Asfaw, M. (2014). Government Spending for Economic Growth in Ethiopia. Journal of Economics and Sustainable Development, 5(9), 66–74.
   Google Scholar
• Narayan, P. K. (2004). Fiji’s tourism demand: The ARDL approach to cointegration. Tourism Economics, 10(2), 193–206. https://doi.org/10.5367/000000004323142425
   Google Scholar
• Okafor, R. G. (2012). tax revenue generation and Nigerian economic development. European Journal of Business and Management, 4(19), 49–57.
   Google Scholar
• Osuala, A., & Jones, E. (2014). Empirical analysis of the impact of fiscal policy on economic growth of Nigeria. International Journal of Economics and Finance, 6(6). https://doi.org/10.5539/ijef.v6n6p203
   Google Scholar
• Pesaran, & Shin. 1997. An autoregressive distributed lag modeling approach to cointegration analysis. Working Paper 9514.
   Google Scholar
• Pesaran, M. H., Shin, Y., & Smith, R. J. (2001). Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, 16(3), 289–326. https://doi.org/10.1002/jae.616
   Web of Science ®Google Scholar
• Reda, W. A. (2021). Public Expenditure and Economic Growth in Ethiopia. International Journal of Public Administration and Management Research, 7(1), 1–14.
   Google Scholar
• Rena, R. (2011). The impact of public and private investments on the Namibian economy- An Empirical Analysis. Review of Economic and Business Studies, (7), 59–78.
   Google Scholar
• Rioja, F. K. (2001). Growth, welfare, and public infrastructure: A general equilibrium analysis of Latin American economies. Journal of Economic Development, 26(2), 119–130.
   Google Scholar
• Shahid Hassan, M., & Kalim, R. (2012). The triangular causality among education, health and economic growth: A time series analysis of Pakistan.
   Google Scholar
• Stokey, N. L., & Rebelo, S. (1995). Growth effects of flat-rate taxes. The Journal of Political Economy, 103(3), 519–550.
   Web of Science ®Google Scholar
• Success, M. J., Success, E. B., & Ifurueze, M. S. K. (2012). Impact of petroleum profit tax on economic development of Nigeria. British Journal of Economics and Management Sciences, 5(2), 60–70.
   Google Scholar
• Tadesse, T. (2011). Foreign Aid and Economic Growth in Ethiopia: A Cointegration Analysis. Economic Research Guardian, 1(2), 88–108.
   Google Scholar
• Wojciech, W. C., & Derek, F. D. (1997). ”New directions in econometric practice (Second ed.). number 1139. Books, Edward Elgar Publishing.
   Google Scholar
• World Economic Forum (2013). The Global Competitiveness Report 2013-2014.
   Google Scholar
• Younger, S. (1992). Aid and the Dutch disease: Macroeconomic management when everybody loves you. World Development, 20(11), 1587–1597. https://doi.org/10.1016/0305-750X(92)90016-O
   Web of Science ®Google Scholar
• Zhang, Y., Wang, X., & Chen, K. (2011). Public infrastructure investment and Inclusive growth in China.
   Google Scholar