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학술논문

The Impact of Fiscal Policy Instruments on Economic Wellness: Evidence From Malaysian Per Capita Income

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영문명
발행기관
한국유통과학회
저자명
Nor Salwati OTHMAN Teh Lian TAI
간행물 정보
『The Journal of Asian Finance, Economics and Business(JAFEB)』Vol. 9 No.6, 245~252쪽, 전체 8쪽
주제분류
경제경영 > 경제학
파일형태
PDF
발행일자
2022.06.30
무료

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영문 초록

This study examines the strength of the impact of fiscal policy tools on economic wellbeing as measured by per capita income in Malaysia from 1996 to 2020. The impact of fiscal policy instruments on economic wellness, represented by real income per capita, is measured using the autoregressive distributed lags model. The speed of adjustment from short-run disequilibrium to long-run equilibrium is also measured to assess the strength of the fiscal instruments’ impact on per capita income. Empirical results exhibit the existence of co-integration relationships between per capita income, tax revenue, and government spending. The findings provide strong support for the presence of a long-run positive impact on government spending and a long-run negative impact of tax revenue on per capita income. The coefficient of ECTt–1 indicates that deviations from a short-run disequilibrium to a long-run equilibrium from the current to the future period are corrected with a speed of 76% (equivalent to a duration of 1.5−2 years to return to equilibrium). The practical and policy implication of the results is fiscal instruments play a significant role, mainly in alleviating the economic impact of the COVID-19 pandemic in the long run.

목차

1. Introduction
2. Literature Review and Hypothesis Development
3. Data and Methodology
4. Results
5. Conclusion
References

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APA

Nor Salwati OTHMAN,Teh Lian TAI. (2022).The Impact of Fiscal Policy Instruments on Economic Wellness: Evidence From Malaysian Per Capita Income. The Journal of Asian Finance, Economics and Business(JAFEB), 9 (6), 245-252

MLA

Nor Salwati OTHMAN,Teh Lian TAI. "The Impact of Fiscal Policy Instruments on Economic Wellness: Evidence From Malaysian Per Capita Income." The Journal of Asian Finance, Economics and Business(JAFEB), 9.6(2022): 245-252

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