MAGAZZINO, Cosimo - In: Theoretical and Practical Research in Economic Fields II (2011) 1, pp. 94-107
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 …