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The aim of this article is to assess the empirical evidence of the nexus between public expenditure and inflation for … techniques. Stationarity tests reveal, generally, that public expenditure/GDP ratio is a I(1) process, while prices index is a I …(2) process. Moreover, a long-run relationship between the share of public expenditure and inflation is found for Cyprus …
Persistent link: https://www.econbiz.de/10009653233
Wagner’s Law is the first model of public spending in the history of public finance. The aim of this article is to assess its empirical evidence in Italy for the period 1960-2008 at a disaggregated level, using a time-series approach. After a brief introduction, a survey of the economic...
Persistent link: https://www.econbiz.de/10008694030
Wagner's Law is the first model of public spending in the history of public finance. The aim of this study is to assess its empirical evidence in Italy for the period 1960–2008 at a disaggregated level, using a time series approach. After a brief introduction, a survey of the economic...
Persistent link: https://www.econbiz.de/10010594843
The aim of this article is to assess the empirical evidence of the nexus between public expenditure and inflation for … techniques. Stationarity tests reveal, generally, that public expenditure/GDP ratio is a I(1) process, while prices index is a I …(2) process. Moreover, we find a long-run relationship between the growth of public expenditure and inflation only for …
Persistent link: https://www.econbiz.de/10008804692
expenditure and public revenue. If they are I(1) and not cointegrated or have a cointegration vector different from [1, -1] the … is unsustainable. We re-investigate the time series properties of the government of India's revenue and expenditure … period 1950-1997. We discover that the revenue and expenditure series (nominal as well as real) are trend stationary with …
Persistent link: https://www.econbiz.de/10014126526
In this paper we provide tests for the unit root hypothesis against the occurence of an unspecified number of breaks which may be larger than 2 but smaller that the maximum allowed number of breaks, <i>m</i>, in univariate time series models. The advocated procedure is considerably less computationally...
Persistent link: https://www.econbiz.de/10005106323
Persistent link: https://www.econbiz.de/10012802754
We assess the sustainability of public finances in OECD countries, over the period 1970-2010, using unit root and cointegration analysis, both country and panel based, controlling for endogenous breaks. Results notably show: lack of cointegration – absence of sustainability – between...
Persistent link: https://www.econbiz.de/10013102099
We assess the sustainability of public finances in OECD countries, over the period 1970-2010, using unit root and cointegration analysis, both country and panel based, controlling for endogenous breaks. Results notably show: lack of cointegration – absence of sustainability – between...
Persistent link: https://www.econbiz.de/10014163448
Persistent link: https://www.econbiz.de/10012155303