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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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    1. Cameron A. Shelton, 2007. "The Size and Composition of Government Expenditure," Wesleyan Economics Working Papers 2007-002, Wesleyan University, Department of Economics.
    2. Kydland, Finn E & Prescott, Edward C, 1991. " The Econometrics of the General Equilibrium Approach to Business Cycles," Scandinavian Journal of Economics, Wiley Blackwell, vol. 93(2), pages 161-78.
    3. Ernesto H. Stein & Ernesto Talvi & Alejandro Grisanti, 1998. "Institutional Arrangements and Fiscal Performance: The Latin American Experience," Research Department Publications 4110, Inter-American Development Bank, Research Department.
    4. Hadjimatheou, G, 1976. "On the Empirical Evidence on Government Expenditure Development," Public Finance = Finances publiques, , vol. 31(1), pages 144-49.
    5. Brennan,Geoffrey & Buchanan,James M., 1980. "The Power to Tax," Cambridge Books, Cambridge University Press, number 9780521233293, October.
    6. Easterly, William & Rebelo, Sergio, 1993. "Fiscal policy and economic growth: An empirical investigation," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 417-458, December.
    7. Lall, Sanjaya, 1969. "A Note on Government Expenditures in Developing Countries," Economic Journal, Royal Economic Society, vol. 79(314), pages 413-17, June.
    8. Kelley AC, 1976. "Demographic change and the size of the government sector," ILO Working Papers 164876, International Labour Organization.
    9. Persson, Torsten & Tabellini, Guido, 1999. "The size and scope of government:: Comparative politics with rational politicians," European Economic Review, Elsevier, vol. 43(4-6), pages 699-735, April.
    10. 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.
    11. Granger, C. W. J. & Newbold, P., 1974. "Spurious regressions in econometrics," Journal of Econometrics, Elsevier, vol. 2(2), pages 111-120, July.
    12. 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.
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    14. Shelton, Cameron A., 2007. "The size and composition of government expenditure," Journal of Public Economics, Elsevier, vol. 91(11-12), pages 2230-2260, December.
    15. Diba, Behzad T, 1982. "A Note on "Public Sector Growth: A Real Perspective."," Public Finance = Finances publiques, , vol. 37(1), pages 114-19.
    16. Rostow,W. W., 1971. "Politics and the Stages of Growth," Cambridge Books, Cambridge University Press, number 9780521096539, October.
    17. Heald, David, 1997. "Privately Financed Capital in Public Services," The Manchester School of Economic & Social Studies, University of Manchester, vol. 65(5), pages 568-98, December.
    18. Ram, Rati, 1986. "Causality between Income and Government Expenditure: A Broad International Perspective," Public Finance = Finances publiques, , vol. 41(3), pages 393-414.
    19. Henrekson, Magnus, 1993. "Wagner's Law--A Spurious Relationship?," Public Finance = Finances publiques, , vol. 48(3), pages 406-15.
    20. Ram, Rati, 1986. "Comparing evidence on Wagner's hypothesis from conventional and 'real' data," Economics Letters, Elsevier, vol. 20(3), pages 259-262.
    21. Brennan,Geoffrey & Buchanan,James M., 2008. "The Reason of Rules," Cambridge Books, Cambridge University Press, number 9780521070904, October.
    22. 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.
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