36 Chapter 2 2.7 Appendix B – Phillips-Perron test Table B1: Results of the Phillips-Perron test for spending Country P-value Result Austria 0.26 Fail to reject the null of a unit root Belgium 0.86 Fail to reject the null of a unit root Denmark 0.84 Fail to reject the null of a unit root Finland 0.39 Fail to reject the null of a unit root France 0.34 Fail to reject the null of a unit root Germany 0.003 Reject the null of a unit root Greece 0.51 Fail to reject the null of a unit root Ireland 0.996 Fail to reject the null of a unit root Italy 0.995 Fail to reject the null of a unit root Netherlands 0.51 Fail to reject the null of a unit root Norway 0.15 Fail to reject the null of a unit root Portugal 0.22 Fail to reject the null of a unit root Spain 0.96 Fail to reject the null of a unit root Sweden 0.10 Fail to reject the null of a unit root Switzerland 0.03 Reject the null of a unit root United Kingdom 0.78 Fail to reject the null of a unit root Table B2: Results of the Phillips-Perron test for generosity Country P-value Result Austria 0.78 Fail to reject the null of a unit root Belgium 0.999 Fail to reject the null of a unit root Denmark 0.17 Fail to reject the null of a unit root Finland 0.15 Fail to reject the null of a unit root France 0.14 Fail to reject the null of a unit root Germany 0.005 Reject the null of a unit root Greece 0.83 Fail to reject the null of a unit root Ireland 0.57 Fail to reject the null of a unit root Italy 0.69 Fail to reject the null of a unit root Netherlands 0.81 Fail to reject the null of a unit root Norway 0.93 Fail to reject the null of a unit root Portugal 0.97 Fail to reject the null of a unit root Spain 0.63 Fail to reject the null of a unit root Sweden 0.16 Fail to reject the null of a unit root Switzerland 0.12 Fail to reject the null of a unit root United Kingdom 0.69 Fail to reject the null of a unit root
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