Causality for the government budget and economic growth

We use a panel of 155 countries for the period 1970 to 2010 to study the (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.

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Year of publication:	2014
Authors:	Afonso, António ; Jalles, João Tovar
Published in:	Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 21.2014, 17, p. 1198-1201
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010976472