Legge di Wagner e spesa pubblica italiana disaggregata: un approccio VAR
AbstractWagner’s Law is the first model of public expenditure in the history of public finance. The aim of this article is to assess its empirical evidence in Italy for the period 1960-2008 at a disaggregated level, with a VAR approach. After a brief introduction and a survey of the economic literature on this issue the specifications of Wagner’s Law for some specific public expenditures are estimated. Wagner’s original specification is also estimated. Some notes on the long-term relationship between public spending and national income conclude the paper.
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Bibliographic InfoArticle provided by FrancoAngeli Editore in its journal ECONOMIA PUBBLICA.
Volume (Year): XXXIX (2009)
Issue (Month): 5-6 ()
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Web page: http://www.francoangeli.it/riviste/sommario.asp?IDRivista=16
Find related papers by JEL classification:
- E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
- H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
- H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
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- Magazzino, Cosimo, 2010. "Wagner's law and augmented Wagner's law in EU-27. A time-series analysis on stationarity, cointegration and causality," MPRA Paper 26668, University Library of Munich, Germany.
- Magazzino, Cosimo, 2009. "Wagner's law in Italy: empirical evidence from 1960 to 2008," MPRA Paper 25526, University Library of Munich, Germany.
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