المستخلص: |
The study analyzes and measure the relationship between fiscal policy and inclusive growth in Egypt during the period (1990-2019). Using descriptive, analytical and econometrics approaches. To apply the lesson that the behavior of fiscal policy variables in relation to the goals of inclusive growth did not go at the same pace and was not completely reflected. Which makes it not reflected on people. And the results of the ARDL model - contrary to the hypothesis of the study - that there is a long-term balance relationship between the ratio of public spending to GDP, tax revenue to GDP, total deficit to GDP, and the overall economic growth rate. As the statistic (F) which is estimated at (7.59) is greater than the value of the upper bound of the critical values in the model at the level of significance 10%, 5% and 1%, and this confirms the rejection of the null hypothesis that there is no balanced relationship and confirms the existence of an integration relationship A long-term joint is moving its group of explanatory variables towards the dependent variable. So that, the error correction vector model was estimated - based on the existence of an integration relationship between the study variables - assuming the existence of a single vector for symmetry. The error correction treatment was negative (as expected in theory). The study concluded that there are many axes that can enhance the relationship between fiscal policy and inclusive growth, the most important of them are (reviewing the philosophy and ideology of fiscal policy in the Egyptian economy, financial reform and the integrity of private policy design, adopting smart fiscal policy approaches.
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