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The dynamic relationship between good governance, fiscal policy, and sustainable economic growth in Oman

The present study aimed to determine the dynamic relationship between good governance, fiscal policy, and economic growth in Oman. In the context of the current study, researchers chose a quantitative approach to answer the research questions, utilizing the latest 2023 data from the World Bank and T...

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Main Authors: Al-Saadi A.S.A., Khudari M.
Other Authors: 58814230400
Format: Article
Published: EnPress Publisher, LLC 2025
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spelling my.uniten.dspace-371592025-03-03T15:48:06Z The dynamic relationship between good governance, fiscal policy, and sustainable economic growth in Oman Al-Saadi A.S.A. Khudari M. 58814230400 57211608540 The present study aimed to determine the dynamic relationship between good governance, fiscal policy, and economic growth in Oman. In the context of the current study, researchers chose a quantitative approach to answer the research questions, utilizing the latest 2023 data from the World Bank and The Global Economy databases. The data for the current study was carefully selected using variables that represent aspects of governance, fiscal policies, and economic performance. Our analysis uses Ordinary Least Squares (OLS) regression and the Autoregressive Distributed Lag (ARDL) Model. These methods help us understand these factors? immediate and long-term impacts on Oman?s economy. The results we obtained offer fascinating insights into the country?s economic dynamics. We observe bidirectional causal relationships between the Good Governance Index (GGI) and the Regulatory Quality Index (RQI) and economic growth, while Fiscal Policy Effectiveness (FPE), Government Efficiency Index (GEI), and the Rule of Law Index (RLI) exhibit unidirectional causality towards GDP. Budget Balance (BB) shows no causal relationship with GDP, implying external factors influence it. Additionally, moderation analysis underscores the significance of digital financial inclusion in amplifying the effects of governance and fiscal policies on economic growth. These findings hold practical implications for policymakers and stakeholders in Oman. Specifically, they highlight the importance of governance, regulatory quality, and effective fiscal policies in shaping the economic landscape. To foster sustainable economic development, efforts should improve governance, enhance fiscal policy effectiveness, and promote digital financial inclusion. ? 2024 by author(s). Final 2025-03-03T07:48:06Z 2025-03-03T07:48:06Z 2024 Article 10.24294/jipd.v8i5.3557 2-s2.0-85192056074 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85192056074&doi=10.24294%2fjipd.v8i5.3557&partnerID=40&md5=d5495e32d20e19f04d27c09389aab304 https://irepository.uniten.edu.my/handle/123456789/37159 8 5 3557 All Open Access; Gold Open Access EnPress Publisher, LLC Scopus
institution Universiti Tenaga Nasional
building UNITEN Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Tenaga Nasional
content_source UNITEN Institutional Repository
url_provider http://dspace.uniten.edu.my/
description The present study aimed to determine the dynamic relationship between good governance, fiscal policy, and economic growth in Oman. In the context of the current study, researchers chose a quantitative approach to answer the research questions, utilizing the latest 2023 data from the World Bank and The Global Economy databases. The data for the current study was carefully selected using variables that represent aspects of governance, fiscal policies, and economic performance. Our analysis uses Ordinary Least Squares (OLS) regression and the Autoregressive Distributed Lag (ARDL) Model. These methods help us understand these factors? immediate and long-term impacts on Oman?s economy. The results we obtained offer fascinating insights into the country?s economic dynamics. We observe bidirectional causal relationships between the Good Governance Index (GGI) and the Regulatory Quality Index (RQI) and economic growth, while Fiscal Policy Effectiveness (FPE), Government Efficiency Index (GEI), and the Rule of Law Index (RLI) exhibit unidirectional causality towards GDP. Budget Balance (BB) shows no causal relationship with GDP, implying external factors influence it. Additionally, moderation analysis underscores the significance of digital financial inclusion in amplifying the effects of governance and fiscal policies on economic growth. These findings hold practical implications for policymakers and stakeholders in Oman. Specifically, they highlight the importance of governance, regulatory quality, and effective fiscal policies in shaping the economic landscape. To foster sustainable economic development, efforts should improve governance, enhance fiscal policy effectiveness, and promote digital financial inclusion. ? 2024 by author(s).
author2 58814230400
author_facet 58814230400
Al-Saadi A.S.A.
Khudari M.
format Article
author Al-Saadi A.S.A.
Khudari M.
spellingShingle Al-Saadi A.S.A.
Khudari M.
The dynamic relationship between good governance, fiscal policy, and sustainable economic growth in Oman
author_sort Al-Saadi A.S.A.
title The dynamic relationship between good governance, fiscal policy, and sustainable economic growth in Oman
title_short The dynamic relationship between good governance, fiscal policy, and sustainable economic growth in Oman
title_full The dynamic relationship between good governance, fiscal policy, and sustainable economic growth in Oman
title_fullStr The dynamic relationship between good governance, fiscal policy, and sustainable economic growth in Oman
title_full_unstemmed The dynamic relationship between good governance, fiscal policy, and sustainable economic growth in Oman
title_sort dynamic relationship between good governance, fiscal policy, and sustainable economic growth in oman
publisher EnPress Publisher, LLC
publishDate 2025
_version_ 1826077371595227136
score 13.244413

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