Public expenditure and economic sustainability: Does institutional quality matter?
This study aims to provide an empirical insight into whether institutional quality moderates the impact of public expenditure on economic sustainability among the Sub‐Saharan African (SSA) countries. Using a quantitative and explanatory research design, this study sourced a 20‐year longitudinal data...
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| Veröffentlicht in: | Sustainable development (Bradford, West Yorkshire, England) West Yorkshire, England), 2024-12, Vol.32 (6), p.6241-6252 |
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| container_title | Sustainable development (Bradford, West Yorkshire, England) |
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| creator | Kpegba, Silas Apealete Atisu, Lord Kelvin Kofi Nketiah Sarfo, Kelvin Oppong, Clement Akwaa‐Sekyi, Ellis Kofi |
| description | This study aims to provide an empirical insight into whether institutional quality moderates the impact of public expenditure on economic sustainability among the Sub‐Saharan African (SSA) countries. Using a quantitative and explanatory research design, this study sourced a 20‐year longitudinal dataset on 48 SSA countries from the World Development Indicators (WDI) and World Governance Indicators (WGI) databases from 2003 to 2022. Both Pooled OLS and System GMM econometric techniques were employed for analysis. It was found that public expenditure and institutional quality positively and significantly influence economic sustainability. However, institutional quality was found to negatively and significantly moderate this relationship. The practical implication suggests nations may face a trade‐off between maintaining institutional quality and ensuring long‐term economic sustainability. The moderation effect of institutional quality is novel in nature and adds to the body of existing literature. |
| doi_str_mv | 10.1002/sd.3024 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 0968-0802 |
| ispartof | Sustainable development (Bradford, West Yorkshire, England), 2024-12, Vol.32 (6), p.6241-6252 |
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| language | eng |
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| source | Wiley Online Library Journals Frontfile Complete; PAIS Index |
| subjects | economic sustainability Economics Governance Government spending Indicators institutional quality Moderation public expenditure Research design Sub‐Saharan Africa Sustainability |
| title | Public expenditure and economic sustainability: Does institutional quality matter? |
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