The Validity of Wagner's Law in Greece during the Last Two Centuries

摘要: In this paper we investigate the long-run relationship between national income and government spending by using Greek data from 1833 until 2010. We use five different formulations of Wagner’s law (the long run tendency for expenditure to expand relative economic growth) find that empirical results are supportive law. The set span covers a period almost two centuries; thus ensures reliability our in terms statistical conclusions. Furthermore, early periods development economy, growth, industrialisation modernisation conditions which should be conducive Our analysis provides evidence income, while Granger causality tests indicate runs spending. Moreover include structural changes take into account regime occur over time.