Government spending and its components in Italy, 1862–2009: Drivers and policy implications

Pistoresi, Barbara; Rinaldi, Alberto; Salsano, Francesco

doi:10.1016/j.jpolmod.2017.05.003

Cited by 12 publications

(2 citation statements)

References 22 publications

(39 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The law postulates that as real income increases, there is a long-run tendency for the share of public expenditures to increase relative to national income. (Magazzino et al, 2015) Wagner also provided the explanations to his findings (Pistoresi et al, 2017). First of all, the increasing complexity of the economy requires higher government intervention.…”

Section: The Wagner's Law Versus the Keynesian Hypothesismentioning

confidence: 87%

The Wagner’s law testing in the Visegrád Four countries

Tesařová

2020

Review of Economic Perspectives

View full text Add to dashboard Cite

This research paper analyses the relationship between gross domestic product and public expenditures in nominal terms. The analysis is being done by using the standard Peacock-Wiseman specification of the Wagner’s law and provides the results for the Visegrád Four countries, i.e. the Czech Republic, Slovakia, Poland and Hungary. We aim to answer a question concerning the existence of a long and/or short-term relationship between the nominal GDP and nominal public expenditures, which consist of current and capital expenditures. To address this question, we employ the VAR model, the Johansen Cointegration test and the VEC model. We study a period between the first quarter of 1999 and the second quarter of 2019 and find out mixed results for the Visegrád Four countries.

show abstract

Section: The Wagner's Law Versus the Keynesian Hypothesismentioning

confidence: 87%

The Wagner’s law testing in the Visegrád Four countries

Tesařová

2020

Review of Economic Perspectives

View full text Add to dashboard Cite

show abstract

“…From the Wagnerian perspective, the growth of public expenditure is a consequence of the expansion of the state produced by the economic and social progress of a country, according to Pistoresi et al [34]. According this view, public expenditure is endogenous to economic development and national income growth Kónya and Abdullaev [35].…”

Section: Introductionmentioning

confidence: 99%

Wagner’s Law vs. Keynesian Hypothesis: Dynamic Impacts

2022

View full text Add to dashboard Cite

This study analyzes the dynamics between public expenditure and economic growth in Peru for 1980Q1–2021Q4. We used quarterly time series of real GDP, public consumption expenditure, public expenditure, and the share of public expenditure to output. The variables were transformed into natural logarithms, wherein only the logarithm of public expenditure to output ratio is stationary and the others are non-stationary I1. The study of stationary time series assesses whether Wagner’s law, the Keynesian hypothesis, the feedback hypothesis, or the neutrality hypothesis is valid for the Peruvian case according to Granger causality. We found cointegration between real GDP and public expenditure, and public consumption expenditure and real GDP. Estimating error correction and autoregressive distributed lag models, we concluded that Wagner’s law and the Keynesian hypothesis are valid in the Peruvian case, expressed as dynamic processes that allow us to obtain short-run and long-run impacts, permitting the mutual sustainability of economic growth and public expenditure.

show abstract

Testing the Validity of Wagner’s Law in the Czech Republic

Tesařová

2022

Regulation of Finance and Accounting

View full text Add to dashboard Cite

Government spending and its components in Italy, 1862–2009: Drivers and policy implications

Cited by 12 publications

References 22 publications

The Wagner’s law testing in the Visegrád Four countries

The Wagner’s law testing in the Visegrád Four countries

Wagner’s Law vs. Keynesian Hypothesis: Dynamic Impacts

Testing the Validity of Wagner’s Law in the Czech Republic

Contact Info

Product

Resources

About