The relationship between national income and government spending is one of the most debated topics between economists and policy makers during the last decades. The objective of this paper is to examine the Wagner’s law validity, and if it can be applied in the U.K. public spending expansion...

Huge public deficits set a restructuring of the subsidy system at the forefront of Egyptian public policy reforms. This generates a great tension to the government specially that a quarter of the population is living in poverty and relies on food subsidies. As a compromise, the government has...

Game Theory has been gaining great importance in Economics, encouraging research in many theoretical and applied fields. This paper relies on simple game theory tools to set up a major international trade dispute. Using the backward deduction approach, the strategies of the United States and...

Education Reform is a concern for each country as it is the main tool to ensure human resource improvement. Latin America has used programs known as Conditional Cash Transfer Program that targeted alleviating poverty, improving education and promoting health. Such programs face the problem of...

In this paper we investigate the long-run relationship between national income and government spending by using Greek data from 1833 until 2010. We use five different formulations of Wagner's law (the long run tendency for government expenditure to expand relative to economic growth) and find...

Ee try to answer two very important questions; firstly if the Greek fiscal policy has been consistent with the government intertemporal budget constraint during the two tested periods, 1833-2009 and 1960-2009. We separate the last 50 years which according to most politicians was the problematic...

In the twenty-first century, teaching practitioners in higher education (HE) have found themselves confronted with more challenges to help students engage in learning. Particularly, one of the main problems with the traditional lecture format to teach non-economists economics is that students...

In this paper, we try to answer if the empirical evidence on the Greek fiscal policy has been consistent with the government intertemporal budget constraint during two tested periods, 1833 to 2009 and 1960 to 2009. The recent Greek debt crisis provides a unique opportunity to test whether...