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The composition of government spending and growth: Is current or capital spending better? (2007)
Journal Article
Ghosh, S., & Gregoriou, A. (2008). The composition of government spending and growth: Is current or capital spending better?. Oxford economic papers, 60(3), 484-516. doi:10.1093/oep/gpn005

In an endogenous growth framework with two public goods with differing productivities, this paper analytically characterizes optimal fiscal policy for a decentralized economy, whereby the optimal values of the growth rate, tax rate and expenditure sh... Read More about The composition of government spending and growth: Is current or capital spending better?.

Adaptation towards reference values: a non-linear perspective (2007)
Journal Article
Georgellis, Y., Gregoriou, A., & Tsitsianis, N. (2008). Adaptation towards reference values: a non-linear perspective. Journal of Economic Behavior and Organization, 67(3-4), (768-781). doi:10.1016/j.jebo.2007.08.007. ISSN 0167-2681

Using large-scale panel data, we examine the dynamics of adjustment towards reference points for key workplace attributes. We discover that an Exponential Smooth Transition Autoregressive (ESTAR) model is superior to a linear model in characterizing... Read More about Adaptation towards reference values: a non-linear perspective.