Chow, Ying-Foon; Cotsomitis, John; Kwan, Andy - In: Applied Economics 34 (2002) 13, pp. 1671-1677
The purpose of this paper is to examine the issue of omitted variables in testing the long run validity of Wagner's hypothesis. Using UK data for the period 1948 to 1997, this paper first investigates the secular relationship between public spending and economic development in a bivariate...