Afonso, António; Rault, Christophe - In: Economics Bulletin 29 (2009) 4, pp. 32-32
Using bootstrap panel analysis, allowing for cross cross-country correlation, without the need of pre pre-testing for unit roots, we study the causality between government spending and revenue for the EU in the period 1960 1960-2006. We find spend spend-and and-tax causality for Italy, France,...