GOVERNMENT EXPENDITURES IN CHINA AND TAIWAN: DO THEY FOLLOW WAGNER¡¯S LAW?
作者： Chiung-Ju Huang
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摘要: This paper tests Wagneri¯s Law for China and Taiwan, using annual time series data covering the period 1979-2002. To estimate long-run relationship between government expenditures output, we use a robust estimation method known as Bounds Test based on Unrestricted Error Correction Model (UECM) (Pesaran et al. (2001)). Empirical results from indicate that there exists no output in Taiwan. Furthermore, Toda Yamamotoi¯s (1995) Granger non-causality test also show does not hold Taiwan over this same period.
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