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applied quantitative techniques based on co-integration, causality, and error correction model. We have also taken into …
Persistent link: https://www.econbiz.de/10010617824
short-run and long-run. There is a long-run cointegration relation among real government expenditure, real GDP and the size …
Persistent link: https://www.econbiz.de/10005046637
Persistent link: https://www.econbiz.de/10005590873
perform to have more consistent results. In this paper, the cointegration and causal relationships have re-examined between …
Persistent link: https://www.econbiz.de/10009650658
cointegration relationship for three out of five items. Moreover, results from Granger causality tests show evidence in favor of …
Persistent link: https://www.econbiz.de/10010594843
Pakistan and Malaysia for the period 1980-2010. Johansen co-integration test is used to estimate the nature of relationship and …
Persistent link: https://www.econbiz.de/10010857215
applied by using Johansen’s co-integration and vector error-correction methodology. Additionally, to ensure the effects and …
Persistent link: https://www.econbiz.de/10011275095
"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
Persistent link: https://www.econbiz.de/10005812018
This paper analyzes endogenous fiscal policy in an endogenous growth model where agents care about social status and environmental quality. The quest for a higher status is assimilated to a preference for capital wealth. The government uses income tax to finance infrastructure and environmental...
Persistent link: https://www.econbiz.de/10010636112
Starting from the secular fact of an increasing government's share, a retrospective on Adolph Wagner's writings seems worthwhile. A leading German economist of the Bismarck era, he first formulated the famous "law of increasing state activity" for industrializing nations. After analyzing his way...
Persistent link: https://www.econbiz.de/10005091376