Government Revenues And Expenditures In Guinea-Bissau: Causality And Cointegration
AbstractThe paper establishes empirically the temporal causality and long run relationship between government expenditures and government revenues for the case of Guinea-Bissau - a low income country under stress (LICUS) in Africa. A macroeconomic model is developed to lay out the hypothesis of a spend-tax behavior in the country¡¯s public finances management system. Empirical validation is carried out by means of a traditional Granger-causality test and the estimation of an error correction model between expenditures and revenues.
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Bibliographic InfoArticle provided by Chung-Ang Unviersity, Department of Economics in its journal Journal Of Economic Development.
Volume (Year): 30 (2005)
Issue (Month): 1 (June)
Public Finances; Causality Tests; Cointegration Analysis;
Find related papers by JEL classification:
- H6 - Public Economics - - National Budget, Deficit, and Debt
- C5 - Mathematical and Quantitative Methods - - Econometric Modeling
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