Wagner's law in Italy: empirical evidence from 1960 to 2008

Cosimo Magazzino

MPRA Paper from University Library of Munich, Germany

Abstract: “Wagner’s Law” is the first model of public expenditure in the history of public finance. The aim of this article is to assess its empirical evidence in Italy for the period 1960-2008. After a brief introduction, an essential survey of the economic literature on this issue is offered, before evaluating the specifications of “Wagner’s Law” due either to Ram or Koop & Poirier. Wagner’s original specification is also evaluated. A few notes on the expenditure policy in Italy conclude the paper.

Keywords: Public expenditure; Wagner's Law; structural reforms; public finance (search for similar items in EconPapers)
JEL-codes: E62 H60 (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (1)

Forthcoming in Global & Local Economic Review 1.XIV(2010): pp. 91-116

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