Phạm Thị Hà An2023-04-192023-04-192019https://repository.vlu.edu.vn/handle/123456789/3944The impact of public expenditure on economic growth is a topic that has been of great interest to many researchers, e.g., [1], [10], [14], [23], [33]. However, the studies on this impact illus- trate that the results are inconsistent. Besides, certain explana- tory variables which should be included in the model were not speci ed. This ambiguity a ects the reliability of the results. Using Bayesian Model Averaging (BMA) method with the data obtained from 43 Asian countries in the period 2004-2016, we estimate the impact of public expenditure on economic growth with a large number of explanatory variables included in the model. The research results show that public expenditure has a negative impact on the economic growth in Asian countries. On the other hand, the components of public expenditure have a weak impact on economic growth. The empirical results con- rm that since the majority of Asian countries are developing countries with a large proportion of state-owned sectors and low governance quality, large scale of public expenditure does not have positive e ects on the economic growth. Based on the research results, this study provides policy implications to im- prove governance quality and e ciency of public expenditures in Asian countries.en-US"Bayesian model averagingEco- nomic growthPublic expendi- ture"Resource Types::text::journal::journal article