The importance of natural resource revenues in resource-rich countries is one of the main issues in the last two decades. Meanwhile, the major impact of financial development has been neglected during the process of accessing resource-based sustainable economic growth. Therefore, the novelty of...

The purpose of this paper is to investigate the impact of government consumption expenditure as a share of GDP on economic growth in developing countries. The paper uses threshold panel model to examine nonlinear relationship between the government consumption expenditure share and economic...