Research Article

Effect of Public Expenditure on Economic Growth in the Case of Ethiopia

Table 6

Vector error correction model.

VariableLog (gexpdef)Log (gexpagri)Log (gexphe)Log (gexpedu)Log (gexpinve)Log (CPI)Cons

Coefficient0.0259−0.0970.5160.1290.022−0.2108.938
T-stat(0.39)(−1.18)(7.48)(2.04)(1.61)(1.85)

Source: own computation based on the data from MOFED and National Bank, 2022.