The Impact of Government Expenditure on Economic Growth: A Study of SAARC Countries

• DOI: 10.4236/ojbm.2023.114095
• Publication Date: 2023-07-21T01:03:08Z
• Authors: Md. Arafat Rahman; Smrite Prava Nath; Md. Abu Baker Siddqu; Sazzad Hossain
• Keywords: Government Expenditure; Public Expenditure

In this research study, the main goal is to determine whether government expenditure has impact on economic growth in SAARC countries. Therefore, primary leads development countries and vice versa a long-run equilibrium significant relationship between two variables. The study relied solely secondary data for its findings. Using quantitative techniques such as regression, co-integration granger causality perspective of panel from including Bangladesh, India, Pakistan, Sri Lanka, Bhutan 2011 2020, authors developed their findings context To conduct regression analysis, Eviews software was employed. random-effects OLS model used generate results. First foremost, Government spending strong positive GDP countries, according empirical data. Second, long lasting relationship. there unidirectional region. As result, been validated that it consistent with Keynesian theory well Wagner’s Law. Research how impacts country’s immense value general public so they get idea expenses are utilized.