Afonso, António; Jalles, João Tovar - In: Applied Economics Letters 21 (2014) 17, pp. 1198-1201
We use a panel of 155 countries for the period 1970 to 2010 to study the (two-way) causality between government spending, revenue and growth. Our results suggest the existence of weak evidence supporting causality from expenditures or revenues to GDP per capita and provide evidence supporting...