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

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  • John Thornton

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

Suggested Citation

  • John Thornton, 1998. "Technical Note: The Growth of Public Expenditure in Latin America: A Test of "Wagner's Law"," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 35(105), pages 255-263.
    • Handle: RePEc:ioe:cuadec:v:35:y:1998:i:105:p:255-263
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    File URL: http://www.economia.uc.cl/docs/105thora.pdf
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    References listed on IDEAS

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    1. Engle, Robert & Granger, Clive, 2015. "Co-integration and error correction: Representation, estimation, and testing," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 39(3), pages 106-135.
    2. David A. Dickey & Dennis W. Jansen & Daniel L. Thornton, 1994. "A Primer on Cointegration with an Application to Money and Income," Palgrave Macmillan Books, in: B. Bhaskara Rao (ed.), Cointegration, chapter 2, pages 9-45, Palgrave Macmillan.
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    Cited by:

    1. Rashmi Rastogi & Sangeeta Chakravarty & Basanta K. Pradhan, 2019. "GWagner’s Law for Low Income States in India," IEG Working Papers 383, Institute of Economic Growth.
    2. Akitoby, Bernardin & Clements, Benedict & Gupta, Sanjeev & Inchauste, Gabriela, 2006. "Public spending, voracity, and Wagner's law in developing countries," European Journal of Political Economy, Elsevier, vol. 22(4), pages 908-924, December.

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    More about this item

    Keywords

    Wagner's law; public spending development; cointegration; granger causality;
    All these keywords.

    JEL classification:

    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General

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