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

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

Journal of Economic Development, 2008, vol. 33, issue 1, 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: C33 E21 H62 P20 (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (2)

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

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