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Legislation is an important output of the political process. Growth in legislation can serve as a proxy for growth in … and real GDP per capita by developing three models of federal legislative output in Australia since the country's founding … in 1901. The models explain growth in (1) the number of acts of parliament; (2) the total number of pages of legislation …
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Wagner’s Law is the first model of public spending in the history of public finance. The aim of this article is to assess its empirical evidence in Italy for the period 1960-2008 at a disaggregated level, using a time-series approach. After a brief introduction, a survey of the economic...
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This paper investigates the relationship between government spending and economic growth. Economic theory generally expects a negative relationship between these variables for rich countries with large public sectors. However, empirical studies often cannot find a robust negative relationship...
Persistent link: https://www.econbiz.de/10010633694
Wagner’s Law is the first model of public spending in the history of public finance. Wagner’s ‘law’ of expanding state activity, is the proposition that there is a long run propensity for government expenditure to grow relative to national income. This paper tests Wagner’s Law for...
Persistent link: https://www.econbiz.de/10010700155
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...
Persistent link: https://www.econbiz.de/10010875589
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...
Persistent link: https://www.econbiz.de/10010615661