Causality Between Tax Revenues And Government Expenditure: An Indian Case
This paper examines the nexus between tax revenues and government expenditures for India using annual data from 1990 to 2011. Popular cointegration techniques like Engel-Granger cointegration test and Johensen cointegration test are used to check long-run stable equilibrium relationship between tax revenues and government expenditures. Findings from both of the tests suggest that there is no long-run stable equilibrium relationship