Afonso, António; Rault, Christophe - William Davidson Institute, University of Michigan - 2009
, 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. …