Technical Note: The Growth of Public Expenditure in Latin America: A Test of "Wagner's Law"

"Wagner’s law" is tested on long runs of data for Argentina, Brazil and Chile. The results suggest that in each country nominal and real GDP, nominal and real GDP per capita, and nominal and real government expenditure are non-stationary series in their l

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Year of publication:	1998
Authors:	Thornton, John
Published in:	Latin American Journal of Economics-formerly Cuadernos de Economía. - Instituto de Economía, ISSN 0717-6821. - Vol. 35.1998, 105, p. 255-263
Publisher:	Instituto de Economía
Subject:	Wagner's law \| public spending development \| cointegration \| granger causality

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Extent:	application/pdf
Type of publication:	Article
Classification:	H50 - National Government Expenditures and Related Policies. General
Source:	RePEc - Research Papers in Economics

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