Kollias, Christos; Paleologou, Susana-Maria - In: Journal of Economic Studies 33 (2006) May, pp. 108-120
Purpose – The purpose of this paper is to investigate the revenue-expenditure nexus in the case of the 15 members of the European Union. Design/methodology/approach – The paper uses a VECM framework to determine the causal ordering between these two macroeconomic aggregates. Findings – The...