Causality for the government budget and economic growth

We use a panel of 155 countries for 1970-2010 to study (two-way) causality between government spending, revenue and growth. Our results suggest the existence of weak evidence supporting causality from expenditures or revenues to GDP per capita and provide evidence supporting Wagner’s Law.

Bibliographic Details
Main Author: Afonso, António (author)
Other Authors: Jalles, João Tovar (author)
Format: workingPaper
Language:eng
Published: 2014
Subjects:
Government Expenditures
Goverment Revenues
Panel Causality
GMM
Online Access:http://hdl.handle.net/10400.5/7421
Country:Portugal
Oai:oai:www.repository.utl.pt:10400.5/7421

Internet

http://hdl.handle.net/10400.5/7421

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