Georgantopoulos, Andreas G.; Tsamis, Anastasios D. - In: International journal of economic sciences and applied … 5 (2012) 3, pp. 115-128
expenditure and economic growth by employing the Error Correction Mechanism (ECM) and Johansen co-integration test respectively … for the case of Cyprus using annual data from 1980 to 2009. Collectively, empirical results imply that public spending … promotes economic development in Cyprus. However, deficit financing by the government causes more liquidity effects but also …