Kollias, Christos; Paleologou, Suzanna-Maria - In: Economic Modelling 30 (2013) C, pp. 449-455
Given its significant policy implications, the nexus between public expenditures and economic growth has been the … and economic growth is examined in this paper using both linear and nonlinear causality tests. Both spending on highways … instruments and as stimuli to economic growth. Findings reported herein from both linear and non-linear causality tests offer …