A carregar...
Publicação
Reconsidering Wagner’s law : evidence from the functions of the government
| Nome: | Descrição: | Tamanho: | Formato: | |
|---|---|---|---|---|
| 239.91 KB | Adobe PDF |
Autores
Orientador(es)
Resumo(s)
We revisit Wagner’s law of increasing state expenditure by function of government expenditure. Using data of 14 European countries between 1996 and 2013, we apply panel data and SUR methods to assess public expenditure-income elasticities. We find that some functions of government spending for a few countries (e.g. Austria, France, the Netherlands, and Portugal) validate Wagner’s law. For the Netherlands expenditures with environment protection increase more than proportionately to eco- nomic growth, and for France that is the case of spending in housing and community amenities. In addition, Greece is the only country where two public spending items react more than one to one to growth.
Descrição
Palavras-chave
Fiscal Policies Government Spending SUR Estimation Wagner’s Law
Contexto Educativo
Citação
Afonso, António e José Alves .2016. "Reconsidering Wagner’s law : evidence from the functions of the government". Instituto Superior de Economia e Gestão. DE Working papers nº 9-2016/DE/UECE
Editora
ISEG – Departamento de Economia