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We use the argument of Lutkepohl (1982), and Ahsan, Kwan, and Sahni (1992) to model causal relation between public expenditure and national income growth in India during the period 1951-1989. The "omitted" variable considered is the rate of growth of Ml. It is revealed that the pattern of...
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concerning the existence of a long and/or short-term relationship between the nominal GDP and nominal public expenditures, which …
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causal relationships between public debt and economic growth [gross domestic product (GDP)]. Annual time-series data that … Database and WEO. Findings - The results reveal that public debt has no causal relationship with GDP in the short-run but there … is unidirectional Granger causality running from public debt to GDP in the long run. Again, investment spending has a …
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