Government size and economic growth: empirical study on organization of Islamic cooperation countries

Duasa, Jarita (2018) Government size and economic growth: empirical study on organization of Islamic cooperation countries. Journal of Social Science and Humanities, 1 (6). pp. 7-12. E-ISSN 2600 - 9056

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Abstract

The issue of a correct ‘government size’ for economic prosperity of a nation is highly linked with the issue of optimal ‘role of state’. The present study attempts to utilize more efficient econometric methods on a sample of Organisation of Islamic Cooperation (OIC) countries over a specific period of time in order to investigate relationship between government size and economic growth. It also attempts to identify optimal size of government (role of state) that maximize the economic growth of the countries by applying static and dynamic panel estimations on a widely used ‘growth model’ for assessing the impact of government size on economic growth. The findings indicate that small size of government contributes more on the economic growth of the countries. The results seem to be more robust by using fixed-effects model as compared to other static or even dynamic models.

Item Type:	Article (Journal)
Additional Information:	3479/71905
Uncontrolled Keywords:	Government size, Economic growth, Panel regression, Dynamic panel GMM, OIC countries
Subjects:	H Social Sciences > HA Statistics H Social Sciences > HB Economic Theory H Social Sciences > HJ Public Finance
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences > Department of Economics Kulliyyah of Economics and Management Sciences
Depositing User:	Prof. Dr. Jarita Duasa
Date Deposited:	18 Aug 2020 08:47
Last Modified:	18 Aug 2020 08:47
URI:	http://irep.iium.edu.my/id/eprint/71905

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