Economic development and government spending : an exploration of Wagner’s hypothesis during fifty years of growth in East Asia

Hassan Mohammadi and Rati Ram

Applicability of Wagner's hypothesis to six East Asian countries is studied for a period of nearly a half-century during which their economic growth has often been termed as a "miracle". Despite the high rates of growth in most cases, there is little indication to support the hypothesis except for Japan and possibly Korea. This finding is broadly supported by a variety of tests of cointegration using time-series as well as panel data.

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Year of publication:	2015
Authors:	Mohammadi, Hassan ; Ram, Rati
Published in:	Economies : open access journal. - Basel : MDPI, ISSN 2227-7099, ZDB-ID 2704214-5. - Vol. 3.2015, 4, p. 150-160
Subject:	Wagner’s Law \| East Asia \| correlation \| cointegration \| Ostasien \| Öffentliche Ausgaben \| Public expenditure \| Wirtschaftswachstum \| Economic growth \| Wagnersches Gesetz \| Wagner's law \| Kointegration \| Cointegration \| Entwicklung \| Economic development \| Staatsquote \| Government size

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Extent:	graph. Darst.
Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Other identifiers:	10.3390/economies3040150 [DOI] hdl:10419/167725 [Handle]
Classification:	H41 - Public Goods ; H5 - National Government Expenditures and Related Policies
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011379988