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To test a number of hypotheses regarding determinants of long-run trends Abstract in nondefense government expenditures, regression equations were estimated by the method of least squares using the following dependent variables: government purchases of goods and services (i.e., resource-using...
Persistent link: https://www.econbiz.de/10010686335
This article presents a methodology for analyzing public expenditure growth to test for structural change. It subjects a version of Peacock and Wiseman's displacement hypothesis to a test based on the idea that the hypothesis involves a structural break. The method is based on a conventional...
Persistent link: https://www.econbiz.de/10010687087