The Impact of Public Development Expenditure on the Economic Growth of the Gross Domestic Product for the Services Sector in the Libyan Economy during the Period (2000-2019)

Authors

  • Dr. Mustafa Muftah Kridlah Associate Professor of Economics at the College of Economics and Trade - Al-Khums, Al-Mergib University Author
  • Dr. Wesam Ibrahim Awaz Associate Professor of Economics at the College of Economics and Trade - Al-Khums, Al-Mergib University Author

Keywords:

Public Development Expenditure, Economic Growth, Gross Domestic Product, Services Sector, Libyan Economy.

Abstract

Public development expenditure is one of the most important fiscal policy tools influencing the gross domestic product of non-oil economic sectors, including the services sector. This study aims to review the development of public development expenditure for the services sector and its contribution to the GDP in the Libyan economy. The study revealed a long-term direct relationship between public development expenditure and economic growth. During the period (2000-2010), development expenditure explained 72% of the changes in the GDP of the services sector. However, during (2011-2019), it accounted for only 1% of the changes due to political events since 2011. The study recommends focusing on the services sector and directing investments toward it, particularly in education and health.

 

Downloads

Published

2024-03-01

Issue

Issue 19 - March 2024

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

Dr. Mustafa Muftah Kridlah, & Dr. Wesam Ibrahim Awaz. (2024). The Impact of Public Development Expenditure on the Economic Growth of the Gross Domestic Product for the Services Sector in the Libyan Economy during the Period (2000-2019). Almarifa Journal, 140-166. https://mjournal.ly/index.php/aj/article/view/7