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Private And Government Consumption In Transitional Economies: A Panel Data Analysis

Author

Listed:
  • Nicholas Apergis

    (Department of Financial & Banking Management, University of Piraeus)

  • Katerina Lyroudi

    (Department of Accounting and Finance, University of Macedonia)

  • Athanasios Sfetsos

    (Research Center Demokritos)

Abstract

This paper investigates the presence of the relationship between private and government consumption through panel data techniques. Using a panel from different transitional countries, from 1990 to 2003, it applies the panel cointegration and causality methodologies. The study finds statistical evidence for a long run relationship between the variables under study. The empirical findings do not support the Ricardian Equivalence, since government consumption affects private consumption negatively in both methodological approaches.

Suggested Citation

  • Nicholas Apergis & Katerina Lyroudi & Athanasios Sfetsos, 2008. "Private And Government Consumption In Transitional Economies: A Panel Data Analysis," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 33(1), pages 113-131, June.
    • Handle: RePEc:jed:journl:v:33:y:2008:i:1:p:113-131
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    File URL: http://www.jed.or.kr/full-text/33-1/6.pdf
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    Citations

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    Cited by:

    1. Waqas, Muhammad & Awan, Masood Sarwar, 2011. "Are Pakistani Consumers Ricardian?," MPRA Paper 35375, University Library of Munich, Germany.
    2. Muhammad Waqas & Masood Sarwar Awan, 2012. "Exchange Rate, Interest Rate and Ricardian Equivalence Evidence from Pakistan," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 0(SS), pages 249-269.

    More about this item

    Keywords

    Private & Government Consumption; Ricardian Equivalence; Transitional Economies; Panel Data;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models

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