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

Table 7

Short run estimation of the VECM model.

Variables	D (log RGDP) t − 1	D (log gexpdef) t − 1	D (log gexpagri) t − 1	D (log gexphe) t − 1	D (log gexpedu) t − 1	D (log gexpinve) t − 1	D (log CPI) t − 1	ECT (t − 1)
Coeff	0.0121	8.765	−30.636	6.171	4.593	−1.749	−118	0.17
-value	(0.252)	(0.412)	(0.001)	(0.000)	(0.005)	(0.048)	(0.38)	(0.0526)

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