Abstract
Linear and Non-Linear Granger causality tests are used in order to examine the dynamic relationship between public investments in education and economic growth, namely Greece 1960–2015, before, during and after the financial crisis of 2008. The interest of this paper lies upon the way investments in public schooling affect the available income in terms of GDP per capita. The results indicate little or no causal effect between income and schooling for the Greek case during the whole period of study.
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Acknowledgements
The author is grateful to Professor C. Siriopoulos of the University of Patras and Zayed University of Abu Dhabi, for assisting me throughout my research, for the calculation and extraction of useful results, and for his helpful comments during the preparation of this paper.
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Kassapi, S. (2017). Long-Run Causal Effect of Greek Public Investments. In: Bilgin, M., Danis, H., Demir, E., Can, U. (eds) Regional Studies on Economic Growth, Financial Economics and Management. Eurasian Studies in Business and Economics, vol 7. Springer, Cham. https://doi.org/10.1007/978-3-319-54112-9_13
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DOI: https://doi.org/10.1007/978-3-319-54112-9_13
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