Wagner’s law after more than century – increase or decrease of public expenditure stipulates economic growth?

Krzysztof Szlichcinski ()
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Krzysztof Szlichcinski: Collegium Mazovia in Siedlce

Ekonomia i Prawo, 2009, vol. 5, issue 1, 75-84

Abstract: The main aim of this paper is to refresh the theoretical concept called Wagner’s Law which says that economic growth should be stipulated by increasing public expenditure. Observations of the long term trends lead to the conclusion that allocation of resources by the state systematically supersedes the market mechanism.

Keywords: Wagner’s Law; public expenditure; economic policy; economic growth (search for similar items in EconPapers)
JEL-codes: A (search for similar items in EconPapers)
Date: 2009
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http://dx.doi.org/10.12775/EiP.2009.005

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Persistent link: https://EconPapers.repec.org/RePEc:cpn:umkeip:v:5:y:2009:i:1:p:75-84

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