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dc.contributor.authorApergis, Nicholas
dc.contributor.authorPayne, James
dc.contributor.authorSaunoris, James
dc.date.accessioned2019-03-14T17:38:56Z
dc.date.available2019-03-14T17:38:56Z
dc.date.issued2012
dc.identifier.urihttp://hdl.handle.net/10545/623581
dc.description.abstractThe 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.en
dc.description.sponsorshipN/Aen
dc.language.isoenen
dc.publisherEmerald Group Publishing Limiteden
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectAsymmetriesen
dc.subjectBudget deficitsen
dc.subjectRevenuesen
dc.subjectExpenditureen
dc.subjectTaxationen
dc.subjectGreeceen
dc.titleTax‐spend nexus in Greece: are there asymmetries?en
dc.typeArticleen
dc.contributor.departmentUniversity of Piraeusen
dc.contributor.departmentUniversity of South Florida Polytechnicen
dc.contributor.departmentUniversity of Kentuckyen
dc.identifier.journalJournal of Economic Studiesen


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