Chang, Tsangyao; Liu, Wen Rong; Caudill, Steven - In: Applied Economics 34 (2002) 12, pp. 1553-1561
, New Zealand, South Africa, UK, and the USA). This paper includes GDP as a control variable into the model like Baghestani … South Korea, one vector for Australia, Canada, South Africa, Taiwan, UK, and the USA, and no vector for Japan, New Zealand …, supporting the 'Tax-and-Spend' hypothesis, for Japan, South Korea, Taiwan, UK, and the USA. The opposite relationship, supporting …