PRIVATE AND GOVERNMENT CONSUMPTION IN TRANSITIONAL ECONOMIES: A PANEL DATA ANALYSIS

Nicholas Apergis (), Katerina Lyroudi () and Athanasios Sfetsos ()
Additional contact information
Katerina Lyroudi: Department of Accounting and Finance, University of Macedonia
Athanasios Sfetsos: Research Center Demokritos

Journal of Economic Development, 2008, vol. 33, issue 1, pages 113-131

Abstract: This paper investigates the presence of the relationship between private and government consumption through panel data techniques. Using a panel from different transitional countries, from 1990 to 2003, it applies the panel cointegration and causality methodologies. The study finds statistical evidence for a long run relationship between the variables under study. The empirical findings do not support the Ricardian Equivalence, since government consumption affects private consumption negatively in both methodological approaches.

Keywords: Private & Government Consumption; Ricardian Equivalence; Transitional Economies; Panel Data (search for similar items in EconPapers)
JEL-codes: E21 H62 P20 C33 (search for similar items in EconPapers)
Date: 2008
References: Add references at CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://www.jed.or.kr/full-text/33-1/6.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:jed:journl:v:33:y:2008:i:1:p:113-131

Access Statistics for this article

Journal of Economic Development is edited by Kyttack Hong

More articles in Journal of Economic Development from Chung-Ang Unviersity, Department of Economics
Contact information at EDIRC.
Series data maintained by Kyttack Hong ().