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dc.contributor.authorArghyrou, MG-
dc.identifier.citationEconomics and Finance Working papers, Brunel University, 00-05en
dc.description.abstractThe paper investigates the existence and nature of long-run relationships between Greek national income and four categories of public expenditure. Our results suggest that there exists a positive long-run relationship between GDP on the one hand; and public expenditure and “productive” public consumption on the other, with causality running both ways. There appears to be no long-run relationship between GDP and public-sector personnel expenditure; and GDP and public-debt service expenditure. From that point of view, it would appear that in terms of output growth, the fiscal policy followed by Greece during the 1975-1990 period has rather been ineffective.en
dc.format.extent78635 bytes-
dc.publisherBrunel Universityen
dc.subjectFiscal policy; GDP; Public expenditure; Cointegration, Weaken
dc.titlePublic expenditure and national income - Time series evidence from Greeceen
dc.typeResearch Paperen
Appears in Collections:Dept of Economics and Finance Research Papers

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