stdClass Object ( [id] => 7748 [paper_index] => EW201907-01-002884 [title] => A STUDY ON THE ASSOCIATION BETWEEN PUBLIC EXPENDITURE AND ECONOMIC GROWTH IN ODISHA DURING 1980-2018 [description] =>
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[author] => Ranjan Kumar Panda [googlescholar] => https://scholar.google.co.in/citations?user=KeqZGcIAAAAJ&hl=en [doi] => [year] => 2019 [month] => July [volume] => 7 [issue] => 7 [file] => eprapub/EW201907-01-002884.pdf [abstract] =>

An attempt has been made in this write-up to examine the linkage between aggregate public spending and growth of the economy in Odisha during the study period 1980-2018. Time series technique has been employed towards this end. It is observed that both the series are non-stationary at level but becomes stationary after first difference. From the estimated cointegrating equation, it is found that there exists a long run relationship between Aggregate Expenditure and Gross State Domestic Product. The Granger Causality Test, which exposes the short-term relationship between any two variables, reveals that causality runs from Aggregate Expenditure to Gross State Domestic Product.

JEL Classification: C32, H72, O15

KEY WORDS: Aggregate Expenditure, Time Series Analysis, Granger Causality

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