作者: Domingo Rodríguez Benavides , Framcoscp Vemegas-Martínez , Vicente Lima Santiago
DOI: 10.1016/S0185-1667(13)72587-6
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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.