La ley de Wagner versus la hipótesis keynesiana: el caso de México, 1950-2009

作者: Domingo Rodríguez Benavides , Framcoscp Vemegas-Martínez , Vicente Lima Santiago

DOI: 10.1016/S0185-1667(13)72587-6

关键词:

摘要: This article examines Wagner’s law and Keynesian theory for the case of Mexico from 1950 to 2009. stipulates that growth in public expenditures is explained as result economic activity, while hypothesis this area puts forward opposite view. To analyze these two positions, authors use three different specifications proposed by: 1) Peacock Wiseman (1961), 2) Musgrave (1969), 3) Gupta (1967) Michas (1975). The results reveal first show evidence favor law, which tends be reinforced by direction causality tests done estimated vector autoregression models.

参考文章(40)
Alan Peacock, Alex Scott, The curious attraction of Wagner's law Public Choice. ,vol. 102, pp. 1- 17 ,(2000) , 10.1023/A:1005032817804
Víctor M. Cuevas Ahumada, THE SHORT-TERM EFFECTS OF FISCAL POLICY IN MEXICO: AN EMPIRICAL STUDY Estudios De Economia. ,vol. 24, pp. 109- 144 ,(2009)
Chi-Ang Lin, More Evidence on Wagner's Law for Mexico Public Finance = Finances publiques. ,vol. 50, pp. 267- 277 ,(1995)
Nicholas A Michas, Wagner's Law of Public Expenditures: What Is the Appropriate Measurement for a Valid Test? Public Finance = Finances publiques. ,vol. 30, pp. 77- 85 ,(1975)
Robert F. Engle, Farshid Vahid-Araghi, Common Trends and Common Cycles Journal of Applied Econometrics. ,vol. 8, pp. 341- 360 ,(1993)
Dimitrios Sideris, Wagner's Law in 19th Century Greece: A Cointegration and Causality Analysis Research Papers in Economics. ,(2007)
Emilio Caballero Urdiales, Julio López Gallardo, GASTO PÚBLICO, IMPUESTO SOBRE LA RENTA E INVERSIÓN PRIVADA EN MÉXICO Investigacion Economica. ,vol. 71, pp. 55- 84 ,(2013) , 10.22201/FE.01851667P.2012.280.37333
A Spears, P Nagarajan, An Econometric Test of Wagner's Law for Mexico: A Re-examination Public Finance = Finances publiques. ,vol. 45, pp. 165- 168 ,(1990)
Anisul M. Islam, Wagner's law revisited: cointegration and exogeneity tests for the USA Applied Economics Letters. ,vol. 8, pp. 509- 515 ,(2001) , 10.1080/13504850010018743