📚 Volume 33, Issue 4
📋 ID: u7gKCG8
Authors
Li Na Zhang, Mohammed El-Sayed, Carlos Hernández, Amani Okafor
University of Turku, Turku, Finland; University of Salamanca, Salamanca, Spain; University of Antioquia, Medellín, Colombia
Keywords
Fiscal policies
Economic growth
GDP
Econometric model
Regional analysis
Sustainability
Infrastructure investment
Abstract
The study of macroeconomics plays a vital role in understanding how fiscal policies influence global economic dynamics. This paper examines recent developments in fiscal policies across different regions and their effects on economic growth trajectories. Using a comprehensive econometric model, data from 2003 to 2023 were analyzed to establish correlations between government expenditures, tax policies, and GDP growth rates. The analysis revealed that while expansionary fiscal policies in developed countries resulted in short-term economic boosts, long-term sustainability remains a challenge. Conversely, emerging economies exhibited more robust growth with strategic fiscal adjustments focusing on infrastructure and education. The findings suggest that tailored fiscal policies, taking into account regional economic conditions and growth objectives, can optimize economic outcomes. The paper concludes by recommending a balanced approach, combining strategic investment and prudent financial management, as a blueprint for sustained economic growth in diverse economic contexts.
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📝 How to Cite
Li Na Zhang, Mohammed El-Sayed, Carlos Hernández, Amani Okafor (2026).
"Global Economic Dynamics: Analyzing Fiscal Policies and Their Impacts on Growth Trajectories".
Wulfenia, 33(4).
