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Keynes versus Wagner: public expenditure and national income for three African countries

  • M. I. Ansari
  • D. V. Gordon
  • C. Akuamoah
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    The public expenditure/income hypothesis has long been debated in economics. Following Keynes, public expenditure is seen as an exogenous factor to be used as a policy instrument to influence growth. On the other hand, Wagner argues that expenditure is an endogenous factor or an outcome, not a cause, of growth in national income. The purpose of this paper is to apply both the Granger and Holmes-Hutton statistical procedures to test the income-expenditure hypothesis for three African countries-Ghana, Kenya and South Africa. We find that the hypothesis of public expenditure causing national income is not supported by the data for these African countries.

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    File URL: http://www.tandfonline.com/doi/abs/10.1080/000368497327038
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    Article provided by Taylor & Francis Journals in its journal Applied Economics.

    Volume (Year): 29 (1997)
    Issue (Month): 4 ()
    Pages: 543-550

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    Handle: RePEc:taf:applec:v:29:y:1997:i:4:p:543-550
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