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Wagner’s law after more than century – increase or decrease of public expenditure stipulates economic growth?

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  • Krzysztof Szlichcinski

    (Collegium Mazovia in Siedlce)

Abstract

The main aim of this paper is to refresh the theoretical concept called Wagner’s Law which says that economic growth should be stipulated by increasing public expenditure. Observations of the long term trends lead to the conclusion that allocation of resources by the state systematically supersedes the market mechanism.

Suggested Citation

  • Krzysztof Szlichcinski, 2009. "Wagner’s law after more than century – increase or decrease of public expenditure stipulates economic growth?," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 5(1), pages 75-84, December.
    • Handle: RePEc:cpn:umkeip:v:5:y:2009:i:1:p:75-84
    DOI: 10.12775/EiP.2009.005
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    Keywords

    Wagner’s Law; public expenditure; economic policy; economic growth;
    All these keywords.

    JEL classification:

    • A - General Economics and Teaching

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