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expenditure in Ghana between the period 1960 to 2017. The Johansen (1991, 1995) cointegration method, the Autoregressive …
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The relationship between public expenditure and aggregate income has long been debated in economic literature. According to Wagner, expenditure is an endogenous factor or an outcome. On the other hand, Keynes considered public expenditure as an exogenous factor to be used as a policy instrument...
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sustainable economic growth in Nigeria. This paper examines the validity or otherwise of Wagner's theory in Nigeria for the …
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This paper seeks to examine if the relative size of government (measured as the share of total expenditure in GNP can be determined to Granger cause the rate of economic growth, or if the rate of economic growth can be determined to Granger cause the relative size of government. For this...
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from 1990-91 to 2007-08. In pursuit of this objective, an econometric analysis using the tests of panel cointegration and …
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