Государственные расходы в быстрорастущих странах Африки с развивающимся рынком: роль качества институциональной среды

   Развивающиеся и наиболее быстрорастущие рынки Африки совершенствуют свою финансовую среду в целях привлечения инвесторов и позиционирования себя в качестве сильных и влиятельных рынков нового поколения.

   Предметом данного исследования являются государственные расходы, используемые для стимулирования экономической активности на развивающихся рынках стран Африки.

   Цель данного исследования — выявить основные факторы, определяющие государственные расходы, и роль институционального качества.

   Актуальность заключается в важности поддержания таких расходов на оптимальном уровне, чтобы они приносили пользу экономике.

   Научная новизна — в анализе основных факторов, объясняющих государственные расходы для поддержки разработки политики на развивающихся рынках.

   В данном исследовании применялась модель авторегрессии с распределенным лагом (ARDL) для проверки как долгосрочной, так и краткосрочной динамики. Результаты исследования продемонстрировали как совместную, так и долгосрочную причинно-следственную связь между выбранными переменными и государственными расходами. Кратковременная причинно-следственная связь не подтверждена. В исследовании сделан вывод о том, что закон Вагнера, согласно которому экономический рост сопровождается увеличением расходов, попрежнему действует. Индекс экономической свободы более эффективен для контроля государственных расходов, чем переменная POLITY 2. Данное исследование позволяет сделать некоторые выводы, применимые при разработке политических решений.

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