"Karvin\u00E1" . "Karvin\u00E1" . . "Voracity effect and Wagner's law in the PIIGS" . "The paper provides direct empirical evidence on cyclicality and the short-term and long-term relationship between government expenditure and output in the PIIGS (Portugal, Ireland, Italy, Greece, Spain) in a period 1990-2010. We follow Akitoby et al. and apply Johansen cointegration test and the error correction model on annul data of GDP and government expenditure in compliance with the COFOG international standard. The government expenditure functions are procyclical in most PIIGS countries (68% cases in the sample). Output and government expendi-ture are cointegrated for at least six of the expenditure categories in every country and it implies a long-term relationship between government expenditure and output consistent with Wagner's law. Average value of long-run elasticity coefficients is 1.30 for all expenditure functions and 1.17 for total government expenditure. The values of the coefficients for the short-run relationship between expenditure and output confirm the voracity."@en . . . . "178576" . "The paper provides direct empirical evidence on cyclicality and the short-term and long-term relationship between government expenditure and output in the PIIGS (Portugal, Ireland, Italy, Greece, Spain) in a period 1990-2010. We follow Akitoby et al. and apply Johansen cointegration test and the error correction model on annul data of GDP and government expenditure in compliance with the COFOG international standard. The government expenditure functions are procyclical in most PIIGS countries (68% cases in the sample). Output and government expendi-ture are cointegrated for at least six of the expenditure categories in every country and it implies a long-term relationship between government expenditure and output consistent with Wagner's law. Average value of long-run elasticity coefficients is 1.30 for all expenditure functions and 1.17 for total government expenditure. The values of the coefficients for the short-run relationship between expenditure and output confirm the voracity." . "2012-01-01+01:00"^^ . . "978-80-7248-779-0" . . . "Szarowsk\u00E1, Irena" . "Proceedings of the 30th International Conference on Mathematical Methods in Economics 2012" . "6"^^ . "[E6856CC55DB0]" . "government expenditure, cyclicality, voracity effect, long-run elasticity, short-run elasticity"@en . "P(GAP403/11/2073)" . . . "RIV/47813059:19520/12:#0002147" . . . "Slezsk\u00E1 univerzita v Opav\u011B. Obchodn\u011B podnikatelsk\u00E1 fakulta v Karvin\u00E9" . "1"^^ . "RIV/47813059:19520/12:#0002147!RIV13-GA0-19520___" . . . "Voracity effect and Wagner's law in the PIIGS"@en . "19520" . . "1"^^ . . "Voracity effect and Wagner's law in the PIIGS" . . . "Voracity effect and Wagner's law in the PIIGS"@en . . .