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Wagner's law in Italy: empirical evidence from 1960 to 2008

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  • Magazzino, Cosimo
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    Abstract

    “Wagner’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. After a brief introduction, an essential survey of the economic literature on this issue is offered, before evaluating the specifications of “Wagner’s Law” due either to Ram or Koop & Poirier. Wagner’s original specification is also evaluated. A few notes on the expenditure policy in Italy conclude the paper.

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    File URL: http://mpra.ub.uni-muenchen.de/25526/
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    Bibliographic Info

    Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 25526.

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    Date of creation: 2009
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    Publication status: Forthcoming in Global & Local Economic Review 1.XIV(2010): pp. 91-116
    Handle: RePEc:pra:mprapa:25526

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    Keywords: Public expenditure; Wagner's Law; structural reforms; public finance;

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    7. Gandhi, Ved P, 1971. "Wagner's Law of Public Expenditure: Do Recent Cross-Section Studies Confirm it?," Public Finance = Finances publiques, , , vol. 26(1), pages 44-56.
    8. Cameron A. Shelton, 2007. "The Size and Composition of Government Expenditure," Wesleyan Economics Working Papers 2007-002, Wesleyan University, Department of Economics.
    9. Ram, Rati, 1986. "Causality between Income and Government Expenditure: A Broad International Perspective," Public Finance = Finances publiques, , , vol. 41(3), pages 393-414.
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    15. Rostow,W. W., 1971. "Politics and the Stages of Growth," Cambridge Books, Cambridge University Press, Cambridge University Press, number 9780521096539.
    16. Cosimo Magazzino, 2009. "Legge di Wagner e spesa pubblica italiana disaggregata: un approccio VAR," ECONOMIA PUBBLICA, FrancoAngeli Editore, vol. 0(5-6), pages 133-156.
    17. William Easterly & Sergio Rebelo, 1993. "Fiscal Policy and Economic Growth: An Empirical Investigation," NBER Working Papers 4499, National Bureau of Economic Research, Inc.
    18. Hadjimatheou, G, 1976. "On the Empirical Evidence on Government Expenditure Development," Public Finance = Finances publiques, , , vol. 31(1), pages 144-49.
    19. Singh, Balvir & Sahni, Balbir S, 1984. "Causality between Public Expenditure and National Income," The Review of Economics and Statistics, MIT Press, vol. 66(4), pages 630-44, November.
    20. Ram, Rati, 1986. "Comparing evidence on Wagner's hypothesis from conventional and 'real' data," Economics Letters, Elsevier, Elsevier, vol. 20(3), pages 259-262.
    21. Kelley AC, 1976. "Demographic change and the size of the government sector," ILO Working Papers, International Labour Organization 164876, International Labour Organization.
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