Bootstrap panel Granger-causality between government spending and revenue in the EU
Using bootstrap panel analysis, allowing for cross-country correlation, without the need of pre-testing for unit roots, we study the causality between government revenue and spending for the EU in the period 1960-2006. Spend-and-tax causality is found for Italy, France, Spain, Greece, and Portugal,...
| Autor principal: | |
|---|---|
| Outros Autores: | |
| Formato: | workingPaper |
| Idioma: | eng |
| Publicado em: |
2010
|
| Assuntos: | |
| Texto completo: | http://hdl.handle.net/10400.5/2124 |
| País: | Portugal |
| Oai: | oai:www.repository.utl.pt:10400.5/2124 |
| Resumo: | Using bootstrap panel analysis, allowing for cross-country correlation, without the need of pre-testing for unit roots, we study the causality between government revenue and spending for the EU in the period 1960-2006. Spend-and-tax causality is found for Italy, France, Spain, Greece, and Portugal, while tax-and-spend evidence is present for Germany, Belgium, Austria, Finland and the UK, and for several EU New Member States. |
|---|