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WAGNER'S LAW REVISITED: A NOTE FROM SOUTH AFRICA
The aim of this note is to reassess the validity of Wagner's law for South Africa for the period 1950‐2007 using cointegration and causality tests. The evidence shows causality running from income to government expenditure, thus supporting the Wagnerian proposition of an expanding public sector...
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| Published in: | The South African Journal of economics 2012-06, Vol.80 (2), p.200-208 |
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| Main Authors: | , |
| Format: | Article |
| Language: | English |
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| cited_by | cdi_FETCH-LOGICAL-c5105-c0748efa223d918277c37ab09a1afae24ac1918866407309b706254e7791e8cd3 |
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| cites | cdi_FETCH-LOGICAL-c5105-c0748efa223d918277c37ab09a1afae24ac1918866407309b706254e7791e8cd3 |
| container_end_page | 208 |
| container_issue | 2 |
| container_start_page | 200 |
| container_title | The South African Journal of economics |
| container_volume | 80 |
| creator | MENYAH, KOJO WOLDE-RUFAEL, YEMANE |
| description | The aim of this note is to reassess the validity of Wagner's law for South Africa for the period 1950‐2007 using cointegration and causality tests. The evidence shows causality running from income to government expenditure, thus supporting the Wagnerian proposition of an expanding public sector. Using five different long‐run estimators, we found that the size of South Africa's public sector was positively and significantly related to South Africa's national income. The elasticity ranges from 1.12 to 1.57, implying that a 1% increase in income leads to a 1.12‐1.57% increase in government expenditure. |
| doi_str_mv | 10.1111/j.1813-6982.2011.01275.x |
| format | article |
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| fulltext | fulltext |
| identifier | ISSN: 0038-2280 |
| ispartof | The South African Journal of economics, 2012-06, Vol.80 (2), p.200-208 |
| issn | 0038-2280 1813-6982 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_1151043262 |
| source | EconLit s plnými texty; International Bibliography of the Social Sciences (IBSS); Wiley; PAIS Index |
| subjects | Appropriations and expenditures bounds test Causality Cointegration Cointegration analysis E62 Economic policy Expenditures Government spending Income Income elasticity Law National income O11 Public expenditure Public sector South Africa Studies Wagner's law |
| title | WAGNER'S LAW REVISITED: A NOTE FROM SOUTH AFRICA |
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