Testing Wagner’s Law for sub-Saharan Africa: A panel cointegration and causality approach
Wagner’s law relates the positive relation between public spending and economic activity, where greater economic activity leads to increased public spending. Using Panel unit root, cointegration, Fully Modified Ordinary Least Squares (FMOLS) and Granger causality procedures this paper seeks to test...
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| Format: | Article |
| Language: | English |
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General Association of Economists from Romania
2020-03-01
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| Series: | Theoretical and Applied Economics |
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| Online Access: |
http://store.ectap.ro/articole/1442.pdf
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