Wagner’s Hypothesis: An Empirical Verification-Reference-Cited by-同舟云学术

Wagner’s Hypothesis: An Empirical Verification

Published:2016-11-29 Issue:1 Volume:6 Page:1-12
ISSN:2277-9752
Container-title:IIM Kozhikode Society & Management Review
language:en
Short-container-title:IIM Kozhikode Society & Management Review

Author:

Adil Masudul Hasan¹,Ganaie Aadil Ahmad¹,Kamaiah B.²

Affiliation:

1. Research Scholar, School of Economics, University of Hyderabad, India.

2. Professor, School of Economics, University of Hyderabad, India.

Abstract

This study explores the relationship between public expenditure (PE) and gross domestic product (GDP) to verify whether the Wagner’s hypothesis holds good in the Indian context. We cover the period from 1970 to 2013 and use econometric tools like Autoregressive Distributed Lag Model (ARDL) test to check the long-run and causal relationship among the variables. The results of the bounds test suggest that there exists cointegration between PE and GDP, but we found weak evidence for Wagner’s hypothesis as well.

Publisher

SAGE Publications

Subject

General Medicine

Link

http://journals.sagepub.com/doi/pdf/10.1177/2277975216667095

Reference32 articles.

1. Wagner's Law and public expenditure in Iraq: a test using disaggregated data

2. Error-correction Mechanism Tests for Cointegration in a Single-equation Framework

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