The paper proposes a panel cointegration analysis of the joint development of government expenditures and economic … economies in a more advanced state of development. -- Fiscal Policy ; Wagner's Law ; Panel Cointegration …

root and Westerlund (2007) cointegration tests that account for cross-sectional dependence in the series, and three panel … a panel of 28 European economies during the 1995-2018 period. The hypothesis is verified using Pesaran (2007) panel unit …' integration, heterogeneous balanced panels and cases of limited evidence of cointegration. The empirical results suggested that …

The paper proposes a panel cointegration analysis of the joint development of government expenditures and economic …

consist of current and capital expenditures. To address this question, we employ the VAR model, the Johansen Cointegration …

on this issue is discussed. Then, panel data tests on stationarity, cross-dependence, cointegration, and causality are …, for the period 1980-2013, using panel data methodologies. After a brief introduction, a survey of the economic literature …

properties of macroeconomic series through panel unit root and panel co-integration tests; (ii) to obtain country …-to-short run horizon, it provides a benchmark to evaluate the stance of expenditure policy. In the analysis, the panel dimension of …-specific information on adjustment dynamics by means of pooled mean group estimation. Results show that, over a sample comprising EU-15 …

countries by means of pooled mean group estimation (Pesaran, Shin, and Smith (1999)). Results show that, over a sample …

European countries between 1996 and 2013, we apply panel data and SUR methods to assess public expenditure-income elasticities …