The paper provides an empirical assessment of the relation between the early diffusion of railways and industrial growth in Italy's regions. On the one hand, history represents one of the main factors conditioning transport systems, and the analysis of the early evolution of railways might thus...

This paper investigates the link between health expenditure and GDP for the regions of Southern Italy in the period 1980-2009 using a time series approach. The study moves from an introduction and a review of the economic literature on this subject; afterwards, we discuss the data and introduce...

Using time series techniques, this study explores the relationship between trade deficits and budget deficits in Italy in the period 1970-2010. Empirical findings show that current account balance and government budget are I(1) processes. Cointegration tests reject the presence of a long-run...

We assess the sustainability of fiscal policy in the EU-28 countries over the 1980-2015 years. Panel unit root tests in presence of cross-sectional dependence show that government revenues, expenditures, the primary balance, and debt are non-stationary series. However, cointegration tests reveal...

We investigate the sustainability of fiscal policy in a set of 19 European Monetary Union (EMU) countries over the period 1970-2016. Panel unit root tests in the presence of cross-section dependence show that the Government debt series is stationary, indicating that the solvency condition would...

We investigate the sustainability of fiscal policy in a set of 19 European Monetary Union (EMU) countries over the period 1970-2016. Panel unit root tests in the presence of cross-section dependence show that the government debt series is stationary, indicating that the solvency condition would...

Purpose – The purpose of this paper is to assess the relationship among fiscal variables (net lending, government expenditure and revenue) and economic growth in Sub-Saharan African countries.Design/methodology/approach – Using yearly data for the period between 1980 and 2011 in15 Economic...