Mohammadi, Hassan; Cak, Murat; Cak, Demet - In: Journal of Economic Studies 35 (2008) 1, pp. 94-106
Purpose – The aim of this paper is to prove the validity of Wagner's hypothesis. Design/methodology/approach – The paper examines the validity of Wagner's hypothesis with annual data for Turkey over 1950‐2005 period. Findings – The empirical results using the ARDL bounds tests of...