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The dating of cyclical phenomena in economies, such as business cycles, is at the core of economic policy research. Moreover, policy decisions which are due to affect interacting economies should take into account the economies' connectedness and synchronicity. The cross-country analysis of...
Persistent link: https://www.econbiz.de/10010886647
can be applied in the U.K. public spending expansion for the period 1850-2010. According to Wagner’s hypothesis …, fundamental economic growth is a determinant to the public sector growth. The public sector is said to be able to grow at a very … support of Wagner’s and Keynesian hypotheses. The Keynesian hypothesis proves to be true in UK and means that the public …
Persistent link: https://www.econbiz.de/10010902583