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Wagner’s hypothesis in Europe: a causality analysis with disaggregated data
dc.contributor.author | Trofimov, Ivan | |
dc.date.accessioned | 2023-10-26T14:42:54Z | |
dc.date.available | 2023-10-26T14:42:54Z | |
dc.date.issued | 2023-06-14 | |
dc.identifier.citation | Trofimov, I. D. (2023). Wagner’s hypothesis in Europe: a causality analysis with disaggregated data. European Journal of Government and Economics, 12(1), 5-38. https://doi.org/10.17979/ejge.2023.12.1.9146 | es_ES |
dc.identifier.issn | 2254- 7088 | |
dc.identifier.uri | http://hdl.handle.net/2183/33927 | |
dc.description.abstract | [Abstract] This paper examines Wagner hypothesis of the growth of public expenditure alongside the growth of economic activity for a panel of 28 European economies during the 1995-2018 period. The hypothesis is verified using Pesaran (2007) panel unit root and Westerlund (2007) cointegration tests that account for cross-sectional dependence in the series, and three panel causality tests (Toda-Yamamoto, Dumitrescu-Hurlin and Juodis-Karavias-Sarafidis) that are suitable for mixed order of series’ integration, heterogeneous balanced panels and cases of limited evidence of cointegration. The empirical results suggested that expenditure and output variables were non-stationary in levels and stationary in the first differences; the cointegration among the variables was present; the causality was principally uni-directional (from output to public expenditure), in line with Wagner’s hypothesis, or bi-directional; the causality from public expenditure to output along Keynesian lines was limited. | es_ES |
dc.language.iso | eng | es_ES |
dc.publisher | Universidade da Coruña, Servizo de Publicacións | es_ES |
dc.relation.uri | https://doi.org/10.17979/ejge.2023.12.1.9146 | es_ES |
dc.rights | Attribution-NonCommercial 4.0 International | es_ES |
dc.rights.uri | https://creativecommons.org/licenses/by-nc/4.0/ | |
dc.subject | Wagner’s hypothesis | es_ES |
dc.subject | Panel cointegration | es_ES |
dc.subject | Panel causality | es_ES |
dc.subject | Europe | es_ES |
dc.title | Wagner’s hypothesis in Europe: a causality analysis with disaggregated data | es_ES |
dc.type | info:eu-repo/semantics/article | es_ES |
dc.rights.access | info:eu-repo/semantics/openAccess | es_ES |
dc.date.updated | 2023-10-25T18:03:20Z | |
UDC.journalTitle | European Journal of Government and Economics | es_ES |
UDC.volume | 12 | es_ES |
UDC.issue | 1 | es_ES |
UDC.startPage | 5 | es_ES |
UDC.endPage | 38 | es_ES |
dc.identifier.doi | 10.17979/ejge.2023.12.1.9146 |