Technical Note: The Growth of Public Expenditure in Latin America: A Test of "Wagner's Law"

John Thornton

Latin American Journal of Economics-formerly Cuadernos de Economía, 1998, vol. 35, issue 105, 255-263

Abstract: "Wagner’s law" is tested on long runs of data for Argentina, Brazil and Chile. The results suggest that in each country nominal and real GDP, nominal and real GDP per capita, and nominal and real government expenditure are non-stationary series in their l

Keywords: Wagner's law; public spending development; cointegration; granger causality (search for similar items in EconPapers)
JEL-codes: H50 (search for similar items in EconPapers)
Date: 1998
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Citations: View citations in EconPapers (2)

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