A study on public expenditures and regional growth
Date
2016-12
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Abstract
Over the past decade, wide differences in regional development—
which is evident in the per capita GRDP of the different regions—have
persisted in the Philippines. This paper analyzes the different factors that
determine the economic development of the different regions in terms of its
Per Capita Gross Regional Domestic Product (GRDP) over the time period
2000 to 2014. To do this, the researchers provided different regional
characteristics and development indicators, and employed two
econometric models for the empirical analysis—Fixed Effects and Ordinary
Least Squares model. The study showed that there is a significant
relationship between regional differences, fiscal decentralization, regional
expenditures, and regional development. Some of the inconsistencies with
the empirical results can be attributed to the limited data and estimation
method used.
Description
Keywords
Public expenditure, Regional growth