Krishnakumar, Jaya; Martin, Marc-Jean; Soguel, Nils - Institut d'Economie et Econométrie, Université de Genève - 2004
This paper applies Granger causality tests to Swiss Cantonal Revenue and Expenditure in levels. It is the first study for Switzerland at the individual regional level and on the basis of vector error correction models distinguishing between long-term and short-term causality. The long-term...