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Ensuring fiscal sustainability in the Member States of the European Union has become an extremely important goal in the current economic context. The formulation of appropriate policies can lead to fiscal consolidation, and the manifestation of a fiscal shock with direct implications on national...
Persistent link: https://www.econbiz.de/10013259236
for the corresponding private consumption multipliers. Our analysis includes the estimation of a structural vector error …
Persistent link: https://www.econbiz.de/10013115448
models, unit root tests, cointegration test, volatility models (ARCH, GARCH, ARCH-M, GARCH-M, Taylor-Schwert GARCH, GJR …
Persistent link: https://www.econbiz.de/10012904559
breaks, the study finds evidence of a cointegration relation between the government revenues and spending. The results did …
Persistent link: https://www.econbiz.de/10011487675
Persistent link: https://www.econbiz.de/10011955435
cointegration approach. The fully modified ordinary least squares (FMOLS), dynamic ordinary least squares (DOLS), and the canonical …
Persistent link: https://www.econbiz.de/10011853654
stationarity, augmented autoregressive distributed lag (augmented ARDL) bounds testing approach to check cointegration, and Granger …
Persistent link: https://www.econbiz.de/10012268580
fractional integration and cointegration methods. The univariate results indicate that the two series are highly persistent …, their orders of integration being around 2, whilst the cointegration tests (using both standard and fractional techniques …
Persistent link: https://www.econbiz.de/10012119768
Product (GDP) in China by applying fractional integration and cointegration methods. These are more general than the standard … integration being around 2, whilst the cointegration tests (using both standard and fractional techniques) imply that there exists …
Persistent link: https://www.econbiz.de/10012617211
The purpose of this paper is to investigate the effect of real government capital expenditure on GDP in the Iranian economy using annual time series data for the period 1959-1992 employing superexogeneity test. It is found that government capital expenditure has an important positive effect on...
Persistent link: https://www.econbiz.de/10014066000