Hondroyiannis, George; Papapetrou, Evangelia - In: Public Choice 107 (2001) 1, pp. 169-182
This paper tests the validity of the Buchanan-Wagner hypothesis for Greece, that increases in public spending are the result of the tolerance of large deficits over the period 1961–1994. To test this hypothesis, three unit-root pretests, the Dickey-Fuller, Phillips-Perron and Kwiatkowski et...