Thompson, Alexi and Yamaura, Koichi (2013) Opa! Did EU Entry Contribute to the Greek Crisis? Modern Economy, 04 (10). pp. 659-661. ISSN 2152-7245
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Abstract
This paper focuses on possible underlying causes of the current Greek debt. The Gregory and Hansen residual-based cointegration test is to test Greek deficit sustainability with annual data from 1988 to 2012. This cointegration test identifies structural breaks when they are unknown a priori. Estimated results reveal a break in 1996. The break in 1996 coincides with the election of Simitis as prime minister, suggesting that the current debt problem may be due to increased government expenditure associated with the tenure of Simitis rather than due to EU entry.
Item Type: | Article |
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Subjects: | STM Archives > Multidisciplinary |
Depositing User: | Unnamed user with email support@stmarchives.com |
Date Deposited: | 05 Jul 2023 04:25 |
Last Modified: | 17 May 2024 10:42 |
URI: | http://science.scholarsacademic.com/id/eprint/1335 |