Please use this identifier to cite or link to this item: https://ruomo.lib.uom.gr/handle/7000/1514
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dc.contributor.authorAthanasenas, Athanasios-
dc.contributor.authorKatrakilidis, Constantinos-
dc.contributor.authorTrachanas, Emmanouil-
dc.date.accessioned2022-10-23T06:32:10Z-
dc.date.available2022-10-23T06:32:10Z-
dc.date.issued2013-
dc.identifier10.1007/s10663-013-9221-3en_US
dc.identifier.issn0340-8744en_US
dc.identifier.issn1573-6911en_US
dc.identifier.urihttps://doi.org/10.1007/s10663-013-9221-3en_US
dc.identifier.urihttps://ruomo.lib.uom.gr/handle/7000/1514-
dc.description.abstractThis paper attempts to re-evaluate the long-run macroeconomic relationship between government revenues and expenditures of the Greek economy over the period 1999–2010. The empirical analysis applies the newly developed asymmetric ARDL cointegration methodology of Shin et al. (2011) which permits more flexibility in the dynamic adjustment process towards equilibrium, than in the classical case of a linear model. Our findings point towards the fiscal synchronization hypothesis, supporting evidence of asymmetric interactions between the two fiscal components in both the long- and the short-run time horizon. More particularly, in the long-run, the negative changes of expenditures dominate the response of revenues, while the opposite applies in the response of expenditures.en_US
dc.language.isoenen_US
dc.sourceEmpiricaen_US
dc.subjectFRASCATI::Social sciences::Economics and Business::Economicsen_US
dc.subject.otherBudget deficiten_US
dc.subject.otherFiscal policyen_US
dc.subject.otherNARDL cointegrationen_US
dc.subject.otherGreek economyen_US
dc.titleGovernment spending and revenues in the Greek economy: evidence from nonlinear cointegrationen_US
dc.typeArticleen_US
dc.contributor.departmentΤμήμα Λογιστικής & Χρηματοοικονομικήςen_US
local.identifier.volume41en_US
local.identifier.issue2en_US
local.identifier.firstpage365en_US
local.identifier.lastpage376en_US
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