Is Wagner's Law Valid for Turkey in the Presence of Structural Breaks?

Selen U., Eryigit K.

MALIYE DERGISI, sa.156, ss.177-198, 2009 (ESCI) identifier

  • Yayın Türü: Makale / Tam Makale
  • Basım Tarihi: 2009
  • Dergi Adı: MALIYE DERGISI
  • Derginin Tarandığı İndeksler: Emerging Sources Citation Index (ESCI), TR DİZİN (ULAKBİM)
  • Sayfa Sayıları: ss.177-198
  • Anahtar Kelimeler: Wagner's Law, Public Expenditure, Economic Growth, Causality, Co-integration Analysis, Multiple Structural Break
  • Bursa Uludağ Üniversitesi Adresli: Evet

Özet

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 1927-2006. The study comprises five sections.