Causalilty for the government budget and economic growth

Antonio Afonso and Joao Jalles

No 2014/07, Working Papers Department of Economics from ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa

Abstract: We use a panel of 155 countries for 1970-2010 to study (two-way) causality between government spending, revenue and growth. Our results suggest the existence of weak evidence supporting causality from expenditures or revenues to GDP per capita and provide evidence supporting Wagner’s Law.

Keywords: government expenditures; goverment revenues; panel causality; GMM. (search for similar items in EconPapers)
JEL-codes: C23 E62 H50 (search for similar items in EconPapers)
Date: 2014-01
New Economics Papers: this item is included in nep-mac
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Citations: View citations in EconPapers (14)

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Journal Article: Causality for the government budget and economic growth (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ise:isegwp:wp072014

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More papers in Working Papers Department of Economics from ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa Department of Economics, ISEG - Lisbon School of Economics and Management, Universidade de Lisboa, Rua do Quelhas 6, 1200-781 LISBON, PORTUGAL.
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