expenditures. Preliminary results show that revenues and expenditures do not have a long-run relationship and hence a rejection of … expenditures in order to place emphasis on the structural component. We argue that the structural component of fiscal variables … represents the actual long term behaviour of the policymaker. Further results indicate that structural revenues and expenditures …

expenditures. Preliminary results show that revenues and expenditures do not have a long-run relationship and hence a rejection of … expenditures in order to place emphasis on the structural component. We argue that the structural component of fiscal variables … represents the actual long term behaviour of the policymaker. Further results indicate that structural revenues and expenditures …

transitional countries for the period of 1995 to 2014. The model includes both sides of government finance, taxation and … expenditures, with expenditures being grouped into homogeneous categories in order to increase the structural efficiency. We find a … positive impact on growth for certain government expenditures such as expenditures aimed at improving human resources, property …