งบประมาณรายจ่ายของรัฐบาลที่มีผลต่อผลิตภัณฑ์มวลรวมภายในประเทศ [The Impact of Government Budgetary Expenditure on the Gross Domestic Product]
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Abstract
This research has an objective that is to analyze the relationship between budget expenditures classified by functions and Gross Domestic Product (GDP) by four steps of econometric techniques. These techniques included 1) Unit Root test, 2) Cointegration test, 3) Error Correction Model, and 4) Granger Causality test. The results of the study found that the data of the budget expenditures classified by functions and the data of GDP were at a stationary stage at the level of I(1). These two data sets had a Long-term relationship in the same direction at significance level of .05. For the results of short-run equilibrium relationship, it found that the budget expenditures classified by functions had no relationship with the GDP. Then, the causality between variables was tested. It found that the budget expenditures classified by functions caused a change of GDP. When the government increased budget expenditures for economic affairs 1 million Baht, it would increase GDP by 2.627 million Baht. When the government increased budget expenditures for educational affaires by 1 million, it would increase GDP by 17.715 million Baht. When the government increased budget expenditures for public health by 1 million Baht, it would increase GDP by 7.049 million Baht. When the government increased budget expenditures for public debt transactions by 1 million Baht, it would increase GDP by 2.483 million Baht.
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References
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