Wagner's law for Brazil: a disaggregated analysis

Authors

  • Márcio Issao Nakane Depto de Economia da FEA USP
  • Marcelo Resende Professor do Instituto de Economia da UFRJ

Keywords:

Wagner's law, cointegration

Abstract

The present paper aims to assess the validity of Wagner's law for the Brazilian economy during the period 1948-1993, by making use of cointegration techniques. The paper's main contribution related to the consideration of different categories of government expenditure, namely consumption, investment, and transfer payments. The results indicate that there is no support for Wagner's law regarding any of those categories, nor can it be supported when public expenditures are considered as a whole.

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Published

2018-08-20

Issue

Rev. Econ. Contemp., v. 3, n. 2, jul/dez. 1999

Section

Artigos

License

Revista de Economia Contemporânea (Journal of Contemporary Economics) adopts the Creative Commons license attribution-type CC-BY.
 
All journal content, except where identified, is licensed under a Creative Commons attribution-type CC-BY.