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


Selen U., Eryigit K.

MALIYE DERGISI, no.156, pp.177-198, 2009 (ESCI) identifier

  • Publication Type: Article / Article
  • Publication Date: 2009
  • Journal Name: MALIYE DERGISI
  • Journal Indexes: Emerging Sources Citation Index (ESCI), TR DİZİN (ULAKBİM)
  • Page Numbers: pp.177-198
  • Keywords: Wagner's Law, Public Expenditure, Economic Growth, Causality, Co-integration Analysis, Multiple Structural Break
  • Bursa Uludag University Affiliated: Yes

Abstract

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.