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Long-Run Causal Effect of Greek Public Investments

In: Regional Studies on Economic Growth, Financial Economics and Management

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  • Sophia Kassapi

    (University of Patras)

Abstract

Linear and Non-Linear Granger causality tests are used in order to examine the dynamic relationship between public investments in education and economic growth, namely Greece 1960–2015, before, during and after the financial crisis of 2008. The interest of this paper lies upon the way investments in public schooling affect the available income in terms of GDP per capita. The results indicate little or no causal effect between income and schooling for the Greek case during the whole period of study.

Suggested Citation

  • Sophia Kassapi, 2017. "Long-Run Causal Effect of Greek Public Investments," Eurasian Studies in Business and Economics, in: Mehmet Huseyin Bilgin & Hakan Danis & Ender Demir & Ugur Can (ed.), Regional Studies on Economic Growth, Financial Economics and Management, pages 215-229, Springer.
    • Handle: RePEc:spr:eurchp:978-3-319-54112-9_13
    DOI: 10.1007/978-3-319-54112-9_13
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    Cited by:

    1. Costas Siriopoulos & Sophia Kassapi, 2019. "Is Education an Investment for the Future? The Impact of the Greek case on Economic Growth," Annals of Social Sciences & Management studies, Juniper Publishers Inc., vol. 3(5), pages 116-119, July.

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