La hipótesis Keynesiana del gasto público frente a la Ley de Wagner: un análisis de cointegración y causalidad para Perú

Elvis Aparco () and Alex Flores

Revista de Economía del Rosario, 2019, vol. 22, issue 1, No 17978, 53-73

Abstract: The objective of this article is to verify the achievement of Wagner’s Law opposed to the Keynesian hypothesis relating to public disbursement in Peru. For that, we analyzed the relationship between public expenditure and economic growth in the period between 1950-2016. By estimating an econometric model of cointegration and Granger causality tests, we obtained the results, which show that in the short term the Keynesian hypothesis as to the public charge will be accomplished, however, in the long-term the situation is opposite and will satisfy the Wagner’s Law.

Keywords: Economic growth; public spending; co-integration; unit root; Granger (search for similar items in EconPapers)
JEL-codes: C32 E62 N16 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:col:000151:017978

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