Browsing by Author "Calonzo, Andrew C."
Now showing 1 - 1 of 1
Results Per Page
Sort Options
Item Restricted Assumed liabilities, government spending and economic growth(2006-10) Calonzo, Andrew C.; Gerero, Menchie L.This paper investigates the impact of government debt servicing on assumed liabilities on economic growth over a sample period of 1988 to 2004. Ordinary Least Squares estimation (OLS) is applied to the model. The estimation results show that government spending on assumed liabilities has a negative and significant effect on economic growth, at least at the mean levels of assumed liabilities. On the other hand, private investment has a positive and significant effect on economic growth. Population growth is statistically insignificant in the model.