Economics at your fingertips  

Wagner versus Keynes: the causal nexus between Government Expenditures and Economic Growth: An Empirical study of Burkina Faso

Isaac Ampah and Kotosz Balázs ()
Additional contact information
Kotosz Balázs: Associate Professor University of Szeged, Faculty of Economics, 6722 Szeged, Kálvária sgt. 1. Hungary

Journal of Heterodox Economics, 2016, vol. 3, issue 2, 74-101

Abstract: The spending patterns of governments in the world especially developing economies have changed significantly over the last several decades. The main objective of this paper is analysing the relationship between government expenditures and growth in Burkina Faso’s economy. The study focuses on testing the various versions of Wagner’s hypothesis using the Burkina Faso data between 1960-2015 by an Autoregressive-Distributed Lag (ARDL) model. Cointegration tests, the long-run parameters and causality tests found valid Keynesian and Wagnerian relationship, but results are sensitive to the variable definition; the use of relative and absolute measures, local and international currency leads to a different conclusion.

Keywords: Wagner’s hypothesis; Keynesian multiplier; ARDL model; Burkina Faso; cointegration (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

DOI: 10.1515/jheec-2016-0005

Access Statistics for this article

Journal of Heterodox Economics is currently edited by Bogdan Dima

More articles in Journal of Heterodox Economics from Sciendo
Bibliographic data for series maintained by Peter Golla ().

Page updated 2022-09-07
Handle: RePEc:vrs:joheec:v:3:y:2016:i:2:p:74-101:n:2