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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 …
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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 …
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