Richter, Christian; Paparas, Dimitrios - In: Applied Economics Quarterly (formerly: Konjunkturpolitik) 59 (2013) 4, pp. 331-360
In this paper we investigate the long-run relationship between national income and government spending by using Greek data from 1833 until 2010. We use five different formulations of Wagner's law (the long run tendency for government expenditure to expand relative to economic growth) and find...