Wagner's law for Brazil: a disaggregated analysis

Autores/as

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

Palabras clave:

Wagner's law, cointegration

Resumen

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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Publicado

2018-08-20

Número

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

Sección

Artigos

Licencia

 
Copyright
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Todo el contenido se publica bajo una licencia Creative Commons CC-BY, salvo que se indique lo contrario.
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All journal content, except where identified, is licensed under a Creative Commons attribution-type CC-BY.