ABSTRACT This article presents one of the first attempts to explore the relationship between government revenues and government expenditures in six Southeast European countries for the period 1999–2015, employing a bootstrap panel Granger-causality approach, which provides insight into the nature and direction of their relationship in each country. The empirical results indicate a unidirectional relationship from government revenues to government expenditures in five countries (Albania, Bulgaria, Croatia, Serbia, and Slovenia), confirming the revenue-expenditure or tax-spend hypothesis. The findings offer support for the fiscal synchronization hypothesis only in Macedonia, where bidirectional causality between government revenues and government expenditures was found.

中文翻译：

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东南欧的政府收入-支出关系：引导小组格兰杰因果关系方法

摘要 本文首次尝试探索 1999 年至 2015 年期间六个东南欧国家的政府收入与政府支出之间的关系，采用自举面板格兰杰因果关系方法，该方法提供了对其性质和方向的深入了解。每个国家的关系。实证结果表明，五个国家（阿尔巴尼亚、保加利亚、克罗地亚、塞尔维亚和斯洛文尼亚）的政府收入与政府支出之间存在单向关系，证实了收入-支出或税收-支出假设。调查结果仅支持马其顿的财政同步假设，在那里发现政府收入和政府支出之间存在双向因果关系。