An Econometric Study of the Impact of Fiscal Policy on Economic Growth in Selected Oil Countries During the Period (2000-2020) Using the Static Panel Model

Kareem, Bafreen S.; Younis, Yasin R.

doi:10.33899/tanra.2024.182589.1333

	An Econometric Study of the Impact of Fiscal Policy on Economic Growth in Selected Oil Countries During the Period (2000-2020) Using the Static Panel Model
TANMIYAT AL-RAFIDAIN
Volume 43, Issue 141, March 2024, Pages 237-260 PDF (967.99 K)
Document Type: Research Paper
DOI: 10.33899/tanra.2024.182589.1333
Authors
Bafreen S. Kareem^* ; Yasin R. Younis
Department of Economics, College of Administration and Economics, University of Slahaddin, Erbil, Iraq.
Abstract
The study aims to measure the impact of fiscal policy on economic growth in selected oil countries represented in (Algeria, Saudi Arabia, UAE, Iraq) during the period 2000-2020, by using an econometric study based on the analysis of the Panel static model through Three estimated models (Pooled effect model - fixed effect model - random effect model) and after estimating the mentioned models it was found that the fixed effects model is the appropriate model based on the (Redundant Fixed Effects test), while the random effects was the appropriate model based on the (Hausman test) However, depending on theory, economic logic, and the significance of the parameters, the fixed effects model is better, so we interpreted the results of the fixed effect model only, and the study concluded many results, including public expenditures that have a negative and significant impact on the gross domestic product, while revenues have a positive impact on the gross domestic product industry.
Keywords
Fiscal policy; Economic growth; Static panel model

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