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Wagner's Law, Public Sector Patterns, and Growth of Public Enterprises in Taiwan

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  • Joseph E. Pluta

    (Texas State Comptroller's Office)

Abstract

Empirical evidence based on public expenditure patterns over a 24-year period casts doubt on the existence of Wagner's Law, the displacement effect, and budgetary recentralization in Taiwan, while supporting the Beck hypothesis of declining real public sector size, the concentration effect, and decentralized centralization. As is true of existing studies on other developing countries, higher profit rates were found in joint public/private enterprises than in wholly owned public firms. However, public enterprises in Taiwan, unlike those in most developing countries, consistently contributed to rather than drained from public revenue. As a result of this and of their relatively large contribution to capital formation, public enterprises played an important role in Taiwan's impressive economic growth record.

Suggested Citation

  • Joseph E. Pluta, 1979. "Wagner's Law, Public Sector Patterns, and Growth of Public Enterprises in Taiwan," Public Finance Review, , vol. 7(1), pages 25-46, January.
    • Handle: RePEc:sae:pubfin:v:7:y:1979:i:1:p:25-46
    DOI: 10.1177/109114217900700102
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    References listed on IDEAS

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    1. Enweze, Cyril, 1973. "Structure of Public Expenditures in Selected Developing Countries: A Time Series Study," The Manchester School of Economic & Social Studies, University of Manchester, vol. 41(4), pages 430-463, December.
    2. Alan T. Peacock & Jack Wiseman, 1961. "The Growth of Public Expenditure in the United Kingdom," NBER Books, National Bureau of Economic Research, Inc, number peac61-1, March.
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    Cited by:

    1. Henryk Gurgul & Łukasz Lach & Roland Mestel, 2012. "The relationship between budgetary expenditure and economic growth in Poland," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 20(1), pages 161-182, March.
    2. Bharat Kolluri & Mahmoud Wahab, 2007. "Asymmetries in the conditional relation of government expenditure and economic growth," Applied Economics, Taylor & Francis Journals, vol. 39(18), pages 2303-2322.

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