Statistical Analysis of the Government Expenditure for Greece: January 2008- September 2015

  • Juxhen Duzha University of New York Tirana, Albania
  • Brunilda Hoxhalli
  • Enxhi Lika
  • Steisi Mici

Abstract

The main purpose of the present study is to develop a statistical analysis of the government expenditure for Greece during the period January 2008- September 2015. The source of the official data is the Greece Organization for Economic Co-operation and Development. The Kolmogorov’s Central Limit Theorem, “fair game” concept in the sense of Stein-Vorobiev, Kolmogorov- Smirnov- Lilliefors test and Shapiro- Wilk test are applied. The government expenditure is estimated based on current price or as a percentage of GDP. Some results of the present study include: The official data of quarterly government expenditure for Greece during the period January 2008-September 2015 contradicts the CLT at the confidence level 95%. The official data of quarterly government expenditure expressed as a fraction of GDP for Greece during the period January 2008-September 2015 contradicts CLT at the confidence level 95%. The government expenditure process in Greece during the period January 2008-September 2015 is an unfair game at the confidence level 95%. The government expenditure as a fraction of GDP in Greece during the period January 2008-September 2015 is an unfair game at the confidence level 95%. The official data of quarterly GDP for Greece during the specified period contradicts CLT at the confidence level 95%. The quarterly GDP in Greece during the specified period is a fair game at the confidence level 95%.
Published
Aug 30, 2016
How to Cite
DUZHA, Juxhen et al. Statistical Analysis of the Government Expenditure for Greece: January 2008- September 2015. European Journal of Economics and Business Studies, [S.l.], v. 2, n. 2, p. 22-32, aug. 2016. ISSN 2411-9571. Available at: <http://journals.euser.org/index.php/ejes/article/view/521>. Date accessed: 22 jan. 2021.