Wagner’s law after more than century – increase or decrease of public expenditure stipulates economic growth?

The main aim of this paper is to refresh the theoretical concept called Wagner’s Law which says that economic growth should be stipulated by increasing public expenditure. Observations of the long term trends lead to the conclusion that allocation of resources by the state systematically supersedes the market mechanism.

MoreLess

Year of publication:	2009
Authors:	Szlichcinski, Krzysztof
Published in:	Ekonomia i Prawo. - Uniwersytet Mikolaja Kopernika. - Vol. V/2009.2009, p. 75-84
Publisher:	Uniwersytet Mikolaja Kopernika
Subject:	Wagner’s Law \| public expenditure \| economic policy \| economic growth

More details

Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010615661