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

Mihai Mutascu 1, *
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.
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https://halshs.archives-ouvertes.fr/halshs-01111809
Contributor : Mihai Mutascu <>
Submitted on : Saturday, January 31, 2015 - 1:17:13 PM
Last modification on : Tuesday, February 19, 2019 - 1:24:21 PM
Long-term archiving on : Friday, May 1, 2015 - 10:10:48 AM

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Mihai Mutascu. A bootstrap panel Granger causality analysis of government revenues and expenditures in the PIIGS countries. 2015. ⟨halshs-01111809⟩

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