논문KCI 등재
Government Revenues and Expenditures in Guinea-Bissau: Causality and Cointegration
경제연구소 (Hanyang Economic Research Institute)|2005.06|Journal of Economic Development|제30권 제1호|pp. 163-188
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참고문헌
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Abstract
The 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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