Government's liabilities effect on economic growth: Asymmetric Evidence from Vietnam

Authors

  • Thi Thuy Hang Le University of Finance - Marketing, Ho Chi Minh City, Vietnam
  • Nga Hang Thi Phan University of Finance - Marketing, Ho Chi Minh City, Vietnam

Keywords:

Asymmetric effects, Economic growth, government debt, Vietnam

Abstract

This paper investigates the asymmetric effect of government debt on economic growth in Vietnam using time series data for the period from 2000 to 2021. The N-ARDL model is used to examine the asymmetric impact of the expansionary money supply growth variables, government investment, and government debt on Vietnam's economic growth. The results of this research indicate the asymmetric impact of government debt on Vietnam's economic growth in the short and long term. Government debt has positive effects on economic growth, but when it increases over a certain threshold, it will become a burden and have negative effects on the economy.

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Published

2023-07-31

How to Cite

Le, T. T. H., & Phan, N. H. T. (2023). Government’s liabilities effect on economic growth: Asymmetric Evidence from Vietnam. SOUTHEAST ASIAN JOURNAL OF ECONOMICS, 11(2), 1–43. Retrieved from https://so05.tci-thaijo.org/index.php/saje/article/view/267044

Issue

Vol. 11 No. 2 (2023): Southeast Asian Journal of Economics, Vol.11 No.2 (August 2023)

Section

Original Articles

License

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