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

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dc.citedby4
dc.contributor.authorAl-Saadi A.S.A.en_US
dc.contributor.authorKhudari M.en_US
dc.contributor.authorid58814230400en_US
dc.contributor.authorid57211608540en_US
dc.date.accessioned2025-03-03T07:48:06Z
dc.date.available2025-03-03T07:48:06Z
dc.date.issued2024
dc.description.abstractThe 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).en_US
dc.description.natureFinalen_US
dc.identifier.ArtNo3557
dc.identifier.doi10.24294/jipd.v8i5.3557
dc.identifier.issue5
dc.identifier.scopus2-s2.0-85192056074
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85192056074&doi=10.24294%2fjipd.v8i5.3557&partnerID=40&md5=d5495e32d20e19f04d27c09389aab304
dc.identifier.urihttps://irepository.uniten.edu.my/handle/123456789/37159
dc.identifier.volume8
dc.publisherEnPress Publisher, LLCen_US
dc.relation.ispartofAll Open Access; Gold Open Access
dc.sourceScopus
dc.sourcetitleJournal of Infrastructure, Policy and Development
dc.titleThe dynamic relationship between good governance, fiscal policy, and sustainable economic growth in Omanen_US
dc.typeArticleen_US
dspace.entity.typePublication
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