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Authors
Advisor(s)
Abstract(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.
Description
Keywords
Panel Causality Fiscal Policy EU
Pedagogical Context
Citation
Afonso, António e Cristophe Rault. 2008. "Bootstrap panel Granger-causality between government spending and revenue ". Instituto Superior de Economia e Gestão - DE Working papers nº 39-2008/DE/UECE
Publisher
ISEG – Departamento de Economia