This paper investigates statistically the existence of a long-run relationship between public expenditure and GNP (Wagner’s Law) using data for Turkey over the period 1950-1990. Recent advances in time series analysis have permitted the investigation of the long-run relationship between public...

This paper empirically assesses the effect of socio-economic and demographic variables on violent crime in the United States. Using national-level time-series data over the period 1960-2000, I estimate an unrestricted vector autoregressive (VAR) model individually for overall violent crime,...

We collect data on a number of financial restraints, including restrictions on deposit and lending interest rates and reserve and liquidity requirements, from central banks of six developing countries. We estimate the effects of these policies on financial development, controlling for the effect...