Economic Growth Determinants: The Role of Consumption, Investment, Government Spending, and Import-Export
DOI:
https://doi.org/10.31933/dijdbm.v5i3.2575Keywords:
Consumption, Investment, Government Spending, Import – Export, Economic GrowthAbstract
Abstract: The research aims to provide insights into the respective contributions of each factor to overall economic expansion. This article uses qualitative methods with literature from scientific articles as a reference to the results of the research in this article. The researcher provides a perspective on the appropriate literature to support this scientific article as a final result. The study's findings provide valuable insights for policymakers and practitioners who want to drive sustainable economic development. By understanding the complex interplay between different economic variables and their impact on growth, policymakers can design more effective policies aimed at fostering an inclusive and resilient economy. In addition, these findings affirm the importance of ongoing research and analysis to deepen our understanding of the drivers of economic growth and provide a basis for evidence-based policy decisions
References
Abdou, D.S. and Monastiriotis, V. (2018) ‘External and Internal Imbalances in South Mediterranean Countries’, PSN: Other Comparative Capitalism (Topic) [Preprint].
Adebayo, T.S. et al. (2023) ‘Role of country risks and renewable energy consumption on environmental quality: Evidence from MINT countries’, Journal of Environmental Management, 327, p. 116884.
Ali, B.J.A., Hasan, H. and Oudat, M.S. (2021) ‘“RELATIONSHIP AMONG EXPORT, IMPORT AND ECONOMIC GROWTH: USING CO-INTEGRATION ANALYSIS”’, in.
Ayd?n, C., Ak?nc?, M. and Y?lmaz, Ö. (2016) ‘The Analysis of Visible Hand of Government: The Threshold Effect of Government Spending on Economic Growth’, International journal trade, economics and finance, 7, pp. 170–178.
Babatunde, S.A. (2018) ‘Government spending on infrastructure and economic growth in Nigeria’, Economic Research-Ekonomska Istra{vz}ivanja, 31, pp. 1014–997.
Barra, C., Ruggiero, N. and Zotti, R. (2020) ‘Short- and long-term relation between economic development and government spending: the role of quality of institutions’, Applied Economics, 52, pp. 1009–987.
Barro, R.J. and Sala-i-Martin, X. (2004) ‘Economic growth.’ MIT press.
Bohn, F. (2014) ‘Countercyclical Policies Caused by Political Opportunism’, in.
Carroll, C.D. (2001) ‘A theory of the consumption function, with and without liquidity constraints’, Journal of Economic perspectives, 15(3), pp. 23–45.
Chetty, R. et al. (2020) ‘How Did COVID-19 and Stabilization Policies Affect Spending and Employment? A New Real-Time Economic Tracker Based on Private Sector Data’, National Bureau of Economic Research [Preprint].
Christie, T.A.L. (2014) ‘The Effect of Government Spending on Economic Growth: Testing the Non?Linear Hypothesis’, PSN: Economic Growth (Topic) [Preprint].
Cooley, T.F. and Prescott, E.C. (2020) ‘Economic Growth and Business Cycles’, Frontiers of Business Cycle Research [Preprint].
Dritsakis, N. and Adamopoulos, A. (2004) ‘A causal relationship between government spending and economic development: an empirical examination of the Greek economy’, Applied Economics, 36, pp. 457–464.
Elmqvist, T. et al. (2003) ‘Response diversity, ecosystem change, and resilience’, Frontiers in Ecology and the Environment, 1(9), pp. 488–494.
Etahisoa (2020) ‘THE IMPACT OF IMPORT-EXPORT ON ECONOMIC GROWTH IN MADAGASCAR’, Journal of Smart Economic Growth, 5, pp. 57–66.
Farooq, U. et al. (2022) ‘Corporate investment decision: A review of literature’, Journal of Risk and Financial Management, 15(12), p. 611.
Fritsche, J.P., Klein, M. and Rieth, M. (2021) ‘Government spending multipliers in (un) certain times’, Journal of Public Economics, 203, p. 104513.
I??k, C., Dogru, T. and Turk, E.S. (2018) ‘A nexus of linear and non?linear relationships between tourism demand, renewable energy consumption, and economic growth: Theory and evidence’, International Journal of Tourism Research, 20, pp. 38–49.
Jadidah, F. (2023) ‘THE ROLE OF INTERNATIONAL LAW IN EXPORT IMPORT ARRANGEMENTS AND ITS IMPACT ON THE ECONOMY IN INDONESIA’, IBLAM LAW REVIEW [Preprint].
Jasmina, T. and Oda, H. (2022) ‘Nonlinear Relation between Government Spending and Education: Theoretical and Empirical Evidence from Districts in Indonesia’, Southeast Asian Journal of Economics, 10(1), pp. 1–36.
King, D.N. (2022) Local government economics in theory and practice. Routledge.
Klees, S.J. et al. (2020) ‘The World Bank’s SABER: A critical analysis’, Comparative Education Review, 64(1), pp. 46–65.
Kolari, J.W. and Pynnönen, S. (2023) Investment valuation and asset pricing: Models and methods. Springer Nature.
Kuznets, S.S. (2019) ‘Economic Growth and Income Inequality’, The Gap between Rich and Poor [Preprint].
Luo, Y. and Li, W. (2023) ‘A Preliminary Empirical Study on the Influencing Factors of China’s Economic Growth’, Frontiers in Business, Economics and Management [Preprint].
Mah, G., Oladele, M. and Mongale, I.P. (2017) ‘THE ROLE OF GOVERNMENT SPENDING ON ECONOMIC GROWTH IN A DEVELOPING COUNTRY’, Risk Governance and Control: Financial Markets & Institutions, 7, pp. 140–146.
Mahamud, M.A.A. and Islam, N. (2019) ‘Impact of Export and Import on Economic Growth in Bangladesh’, in.
Mahmoud., M. and Shallouf, R.M.A. (2022) ‘The Impact of government spending on economic growth in Libya (The relationship between public spending and economic growth in the Islamic economy, and the traditional economy)’, Al-Jabal Academy Journal of Social and Humanitarian Sciences [Preprint].
Melnyk, L. (2018) ‘“The impact of foreign direct investment on economic growth: case of post communism transition economies”’, in.
Millia, H. et al. (2021) ‘THE EFFECT OF EXPORT AND IMPORT ON ECONOMIC GROWTH IN INDONESIA’, International Journal of Economics and Financial Issues [Preprint].
Mukherjee, A. and Sinha, U.B. (2018) ‘Export Cartel and Consumer Welfare’, Wiley-Blackwell: Review of International Economics [Preprint].
Nguyen, H.T. and Darsono, S.N.A.C. (2022) ‘The Impacts of Tax Revenue and Investment on the Economic Growth in Southeast Asian Countries’, Journal of Accounting and Investment [Preprint].
Okyere, I. and Jilu, L. (2020) ‘The Impact of Export and Import to Economic Growth of Ghana’, European Journal of Business and Management [Preprint].
Oreiro, J.L. et al. (2012) ‘The economics of demand-led growth: theory and evidence for Brazil’, Cepal Review, 2012, pp. 151–168.
Osei-Gyebi, S. and Dramani, J.B. (2023) ‘Electricity consumption and economic growth in Ghana: how significant are electricity transmission losses?’, International Journal of Energy Sector Management [Preprint].
Paul, J. and Feliciano-Cestero, M.M. (2021) ‘Five decades of research on foreign direct investment by MNEs: An overview and research agenda’, Journal of business research, 124, pp. 800–812.
Putri, E.P. (2023) ‘Performance Evaluation Using the DEA-Stepwise Modeling Approach Method: Case Study of the Export-Import Sector in Indonesia’, Jurnal Serambi Engineering [Preprint].
Rodrik, D. (2011) The globalization paradox: Democracy and the future of the world economy. WW Norton & Company.
Roulleau-Pasdeloup, J. (2021) ‘Cyclical government spending: Theory and empirics’, The Economic Journal, 131(640), pp. 3392–3416.
Salam, M.A. (2018) ‘Trends of Income Distribution in Bangladesh and Relationship with Growth – Theories and Evidences’, in.
Shabbir, M.S. et al. (2020) ‘Effect of domestic and foreign private investment on economic growth of Pakistan’, Transnational Corporations Review, 13, pp. 437–449.
Shin, H. (2019) ‘Labor Market Institutions and Wage-led Growth: A Panel Cointegration Approach’, Institutions & Transition Economics: Microeconomic Issues eJournal [Preprint].
Song, Y., Hao, X. and Zheng, L. (2021) ‘Intermediate Import, Independent Innovation and Export sophistication of Chinese Manufacturing Exports’, Structural Change and Economic Dynamics [Preprint].
Surico, P. and Trezzi, R. (2015) ‘Consumer Spending and Property Taxes?: Evidence from the 2011 Italian “ IMU ”’, in.
Susanto, P.C., Subagio, M., et al. (2024) ‘International Trade?: Economic Growth Supports Export and Import Activities’, Greenation International Journal of Economics and Accounting, 2(1), pp. 44–52. Available at: https://doi.org/https://doi.org/10.38035/gijea.v2i1.
Susanto, P.C., Arini, D.U., et al. (2024) ‘Konsep Penelitian Kuantitatif?: Populasi , Sampel , dan Analisis Data ( Sebuah Tinjauan Pustaka )’, Jurnal Ilmu Manajemen, 3(1), pp. 1–12. Available at: https://doi.org/https://doi.org/10.38035/jim.v3i1.
Tavadyan, Ashot and Tavadyan, Aghasi (2023) ‘Navigating Uncertainty: an Interval Method to Uncover Export Dynamics – Insights from the Republic of Armenia’, International Journal of Professional Business Review [Preprint].
Vijil, M., Wagner, L. and tesfaye Woldemichael, M. (2019) ‘Import Uncertainty and Export Dynamics’, International Trade & Freight Distribution eJournal [Preprint].
Wu, P., Fusaro, V.A. and Shaefer, H.L. (2022) ‘Government Transfers and Consumer Spending among Households with Children during COVID-19’, Federal Reserve Bank of Boston Research Department Working Papers [Preprint].
Yonghong, X. and Indartono, S. (2019) ‘The Effect of Economic Globalization on the Economic Growth-A Study on Foreign Portfolio Investment, Foreign Direct Investment, Export and Import in 1982-2017 Period: A Case Study in China’, Journal of Economics and Public Finance [Preprint].
Zafar, M.W. et al. (2022) ‘The dynamic linkage between remittances, export diversification, education, renewable energy consumption, economic growth, and CO2 emissions in top remittance?receiving countries’, Sustainable Development, 30(1), pp. 165–175.
Downloads
Published
Issue
Section
License
Copyright (c) 2024 Atong Soekirman
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors who publish their manuscripts in this journal agree to the following conditions:
- The copyright on each article belongs to the author(s).
- The author acknowledges that the Dinasti International Journal of Digital Business Management (DIJDBM) has the right to be the first to publish with a Creative Commons Attribution 4.0 International license (Attribution 4.0 International (CC BY 4.0).
- Authors can submit articles separately, arrange for the non-exclusive distribution of manuscripts that have been published in this journal into other versions (e.g., sent to the author's institutional repository, publication into books, etc.), by acknowledging that the manuscript has been published for the first time in the Dinasti International Journal of Digital Business Management (DIJDBM).
