The relation between government revenue and expenditure in any country has been exciting the imagination and interest of economists. This paper is devoted to enquire into the underlying fiscal adjustment process through expenditure and revenue of the Government of India over the period 1971 to...

This paper examines the Granger causal relation between government revenue and expenditure over the period 1971-2010. The study emphasizes on the idea that the relationship can truly be captured when the relation between anticipated parts and that between unanticipated parts of the variable are...