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Cointegration, causality and the government budget-inflation relationship in Greece

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  • George Hondroyiannis
  • Evangelia Papapetrou

Abstract

This paper considers the relationship between cointegration and causality and uses tests of cointegration as pre-test for Granger tests of causality. The analysis is employed in analysing the government budget-inflation relationship in Greece. Empirical evidence suggest that there is a long-run relationship between government budget and price level and support the hypothesis of a bidirectional causality between the two variables.

Suggested Citation

  • George Hondroyiannis & Evangelia Papapetrou, 1994. "Cointegration, causality and the government budget-inflation relationship in Greece," Applied Economics Letters, Taylor & Francis Journals, vol. 1(11), pages 204-206.
    • Handle: RePEc:taf:apeclt:v:1:y:1994:i:11:p:204-206
    DOI: 10.1080/135048594357880
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    References listed on IDEAS

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    1. Herschel I. Grossman, 1982. "The American Fiscal Deficit: Facts and Effects," NBER Working Papers 0934, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Ghulam Rasool Madni, 2014. "Taxation, Fiscal Deficit and Inflation in Pakistan," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 17(53), pages 41-60, September.
    2. Mwankemwa, Lusajo P. & Luvanda, Eliab, 2021. "Fiscal Deficit and its Threshold Effects on Inflation in Tanzania," African Journal of Economic Review, African Journal of Economic Review, vol. 10(1), December.
    3. Phouthanouphet Saysombath, 2014. "An Examination of the Causal Relationship between Budget Deficit and Inflation: a Case Study of Lao PDR," Journal of Social and Development Sciences, AMH International, vol. 5(2), pages 43-49.
    4. Yaya Keho, 2016. "Budget deficits, money supply and price level in West Africa," Journal of Economic and Financial Studies (JEFS), LAR Center Press, vol. 4(5), pages 1-8, October.
    5. Khan, Abdul Qayyum Khan & Khattak, Naeem Ur Rehman Khattak & Hussain, Anwar Hussain, 2008. "Inter-dependencies and Causality in the Macroeconomic Variables: Evidence from Pakistan (1960-2005). Sarhad J. Agric. 24 (1): 199-205," MPRA Paper 42034, University Library of Munich, Germany.

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