Carneiro, Francisco G.; Faria, Joao R.; Barry, Boubacar S. - In: Journal of Economic Development 30 (2005) 1, pp. 107-117
The paper establishes empirically the temporal causality and long run relationship between government expenditures and government revenues for the case of Guinea-Bissau - a low income country under stress (LICUS) in Africa. A macroeconomic model is developed to lay out the hypothesis of a...