Bootstrap panel Granger-causality between government spending and revenue in the EU

Antonio Afonso and Christophe Rault

No wp944, William Davidson Institute Working Papers Series from William Davidson Institute at the University of Michigan

Abstract: Using bootstrap panel analysis, allowing for cross-country correlation, without the need of pre-testing for unit roots, we study the causality between government revenue and spending for the EU in the period 1960-2006. Spend-and-tax causality is found for Italy, France, Spain, Greece, and Portugal, while tax-and-spend evidence is present for Germany, Belgium, Austria, Finland and the UK, and for several EU New Member States.

Keywords: panel causality; fiscal policy; EU. (search for similar items in EconPapers)
JEL-codes: C23 E62 H62 (search for similar items in EconPapers)
Pages: pages
Date: 2009-01-01
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Citations: View citations in EconPapers (26)

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