01758cas a2200253 a 4500 AALejournalIMF001796 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451859911 1018-5941 BD-DhAAL BD-DhAAL Wang, Qing. Fiscal Expenditure Policy and Non-Oil Economic Growth : Evidence from GCC Countries / Qing Wang, Ugo Fasano-Filho. Washington, D.C. : International Monetary Fund, 2001. 1 online resource (21 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Through the use of a multivariate cointegration and error-correction model, this study investigates the short- and long-run relationship over the past two decades between fiscal expenditure policy and non?oil real GDP growth in member countries of the Gulf Cooperation Council (GCC). Despite the important role of the government, the empirical results do not strongly support that increases in fiscal expenditures tend to slow or accelerate non?oil real growth in these countries. However, the breakdown into current and capital expenditures is useful for assessing the effects of each spending category on short- and long-run non?oil real GDP growth. Mode of access: Internet Fasano-Filho, Ugo. IMF Working Papers; Working Paper ; No. 2001/195 Full text available on IMF http://elibrary.imf.org/view/journals/001/2001/195/001.2001.issue-195-en.xml IMF e-Library