Tax‐spend nexus in Greece: are there asymmetries?
Journal article
Apergis, Nicholas, Payne, James and Saunoris, James 2012. Tax‐spend nexus in Greece: are there asymmetries? Journal of Economic Studies.
Authors | Apergis, Nicholas, Payne, James and Saunoris, James |
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Abstract | The purpose of this paper is to examine the possibility of asymmetries in the budgetary adjustment process. The paper uses the TAR and MTAR models, set forth by Enders and Siklos, for the period 1957 to 2009. Short‐run results indicate unidirectional causality from revenues to expenditures. Long‐run results indicate asymmetric responses by both revenues and expenditures to budgetary disequilibria. With respect to asymmetric adjustment, revenues respond only when the budget is improving whereas expenditures respond faster (in absolute terms) to a worsening budget than for an improving budget. |
Keywords | Asymmetries; Budget deficits; Revenues; Expenditure; Taxation; Greece |
Year | 2012 |
Journal | Journal of Economic Studies |
Publisher | Emerald Group Publishing Limited |
Web address (URL) | http://hdl.handle.net/10545/623581 |
http://creativecommons.org/licenses/by-nc-nd/4.0/ | |
hdl:10545/623581 | |
Publication dates | 2012 |
Publication process dates | |
Deposited | 14 Mar 2019, 17:38 |
Contributors | University of Piraeus, University of South Florida Polytechnic and University of Kentucky |
File | File Access Level Open |
File | File Access Level Open |
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https://repository.derby.ac.uk/item/92x96/tax-spend-nexus-in-greece-are-there-asymmetries
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