Bootstrap panel Granger-causality between government spending and revenue in the EU

Afonso, António; Rault, Christophe

http://hdl.handle.net/10400.5/2124

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Autores

Afonso, António

Rault, Christophe

Resumo(s)

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.

Palavras-chave

panel causality fiscal policy

URI

http://hdl.handle.net/10400.5/2124

Citação

Afonso, António e Christophe Rault. 2009. "Bootstrap panel Granger-causality between government spending and revenue in the EU". William Davidson Institute Working Paper nº 944-2009

Editora

The William Davidson Institute at the University of Michigan

Coleções

DE - Documentos de trabalho / Working Papers

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