May 14, 2025 Journal article Open Access

Haile Girma Geleta

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    <subfield code="a">EFFECT OF GOVERNMENT EXPENDITURE ON ECONOMIC                     GROWTH IN ETHIOPIA</subfield>
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    <subfield code="a">&lt;p&gt;This study investigated the effect of government expenditure on economic growth in Ethiopia using data covering the period 1991-2022. The study used an empirical approach, using macroeconomic data and econometric techniques to analyse the dynamics between government expenditure and economic growth. The analysis begins by examining patterns and trends in government expenditure in Ethiopia during the selected period. Next, the study employed econometric methods to assess the effect of government expenditure on economic growth and Autoregressive Distributed Lag (ARDL) approach to co-integration and error correction model are applied to investigate the short-run and long-run effect of government expenditure on economic growth. Both the Augmented Dickey-Fuller (ADF) and Phillip Perron (PP) unit root tests affirmed that all variables in the model are integrated into orders I(0) and I(1).The study employed the diagnostic tests such as; heteroskedasticity, serial correlation LM, normality test and CUSUM and CUSUMSQ tests for model stability. The study found that economic growth and the selected economic variables have a significant long-run relationship with the real GDP growth rate. The study also found that, population growth rate and foreign aid and development assistance, all other variables are negatively related to economic growth. The study concluded that, in the short run, government expenditures do not have an effect on economic growth and external debt negatively affects economic growth but the population growth rate positively affects the economic growth of Ethiopia. While in the long run, the effect of government expenditure on RGDP is negative and significant. Also, inflation and external debt have a negative and significant effect on economic growth. Therefore, the study recommended the need for public-private partnership in the funding and management of public projects instead of financing such projects directly from government budget.&lt;/p&gt;</subfield>
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