Magazzino, Cosimo - Volkswirtschaftliche Fakultät, … - 2011
The aim of this article is to assess the empirical evidence of the nexus between public expenditure and inflation for … techniques. Stationarity tests reveal, generally, that public expenditure/GDP ratio is a I(1) process, while prices index is a I …(2) process. Moreover, we find a long-run relationship between the growth of public expenditure and inflation only for …