Productive Contribution of Public Spending and Human Capital in Developing Countries Revisited: The Role of Trade Openness

被引：5

作者：

Thanh Dinh Su ^{[1
]}

Canh Phuc Nguyen ^{[1
]}

机构：

[1] Univ Econ Ho Chi Minh City, Sch Publ Finance, Ho Chi Minh City 700000, Vietnam

来源：

FOREIGN TRADE REVIEW | 2022年 / 57卷 / 01期

关键词：

Public spending; human capital; trade openness; total factor productivity; developing countries; ECONOMIC-GROWTH; UNIT ROOTS; COINTEGRATION; TESTS; REGRESSION; SYSTEM; PANELS;

D O I：

10.1177/00157325211045471

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study examines the catalytic role of trade openness in the relationships between human capital and public spending and total factor productivity (TFP) growth in 44 developing countries over the 1980-2014 period. Applying various estimation techniques to deal with autocorrelation, heteroscedasticity and cross-section dependence, the study finds that (a) the effect of human capital on TFP is nonlinear, (b) government consumption positively affects TFP but military spending is a negative factor and (c) trade openness significantly improves the positive influences of these factors on TFP. The results imply the important role of trade liberalisation in productivity evolution in developing countries. JEL Codes: F43, H52, O47

引用

页码：66 / 84

页数：19

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