Public Expenditure and National Income: Time Series Evidence from Greece

Arghyrou, Michael Georgiou ORCID: https://orcid.org/0000-0001-6222-5086 2000. Public Expenditure and National Income: Time Series Evidence from Greece. Ekonomia 4 (2) , pp. 173-191.

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Abstract

The 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 ans 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.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Business (Including Economics)
Subjects:	D History General and Old World > DF Greece H Social Sciences > HB Economic Theory H Social Sciences > HJ Public Finance J Political Science > JN Political institutions (Europe)
Publisher:	Cyprus Economic Society and University of Cyprus
ISSN:	0208-5305
Related URLs:	http://v-scheiner.brunel.ac.uk/bitstream...
Last Modified:	21 Oct 2022 10:45
URI:	https://orca.cardiff.ac.uk/id/eprint/41262

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