A bootstrap panel Granger causality analysis of government revenues and expenditures in the PIIGS countries

Mihai Mutascu

Economics Bulletin, 2015, vol. 35, issue 3, 2000-2004

Abstract: The paper investigates the government revenues-expenditures nexus in the case of Portugal, Ireland, Italy, Greece and Spain (PIIGS). The analysis covers the period 1988-2014 and follows the bootstrap panel Granger causality proposed by Kónya (2006). The findings show that there is a one-way causality in case of Greece and Italy, from government revenues to spending. The same unidirectional causality is also registered for Portugal, but it runs from public expenditure to revenues. There is no Granger causality for Ireland and Spain.

Keywords: Revenues; expenditures; government; bootstrap panel causality; PIIGS countries (search for similar items in EconPapers)
JEL-codes: C1 H0 (search for similar items in EconPapers)
Date: 2015-09-22
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://www.accessecon.com/Pubs/EB/2015/Volume35/EB-15-V35-I3-P204.pdf (application/pdf)

Related works:
Working Paper: A bootstrap panel Granger causality analysis of government revenues and expenditures in the PIIGS countries (2015)
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: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-15-00201

Access Statistics for this article

More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley ().