Trade liberalisation, government expenditure and economic growth in Egypt
研究了1955至1996年间埃及政府支出、出口、投资和劳动力供给对经济增长的长期与短期影响,发现1974和1991年的政策改革显著改变了政府支出与增长的关系。
This article investigates the combined effects of growth in government expenditure, exports, investment and labour supply on economic growth in Egypt between 1955 and 1996. Using cointegration and error correction models, the article finds a long‐run relationship between the variables, but less evidence of one in the short run. To account for the important policy reforms in 1974 and 1991, dummy variables are added which show the reforms have significantly affected the relationship between government expenditure and growth in a positive direction, but have had a negative effect on exports and growth. This conclusion is further supported by the time‐varying coefficient analysis.