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首页> 外文期刊>International Journal of Business and Management >Relationship between National Product and Malaysian Government Development Expenditure: Wagner’s Law Validity Application
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Relationship between National Product and Malaysian Government Development Expenditure: Wagner’s Law Validity Application

机译：国家产品与马来西亚政府发展支出之间的关系：瓦格纳的法律有效性申请

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The objective of the study is to see how far Wagner’s law validity can be applied in the Malaysian government development expenditure. According to Wagner’s law, fundamental economic growth is a determinant to the public sector growth. The public sector is said to be able to grow at a very high rate when compared to the product growth (income). Accordingly, it can be said that government expenditure behaves elastic with the national product and the interpretation of Wagner’s law can provide important policy implications. Using a method known as the Autoregressive Distributed Lag model (ARDL) and the border test (bound test) introduced by Pesaran et al. (2001), this study found that four out of five version Wagner basic laws show an interrelationship between the national product and government development expenditure. The long-term analysis also showed that national product has a positive relationship and is significant in influencing government development expenditure. Therefore, it can be summarized that this Wagner’s law is still relevant to be applied in Malaysia.
机译：这项研究的目的是了解瓦格纳法律的效力在马来西亚政府发展支出中的应用范围。根据瓦格纳定律，基本经济增长是公共部门增长的决定因素。据说与产品增长（收入）相比，公共部门能够以非常高的速度增长。因此，可以说政府支出对国民生产具有弹性，对瓦格纳法则的解释可以提供重要的政策含义。使用Pesaran等人介绍的称为自回归分布式滞后模型（ARDL）和边界检验（绑定检验）的方法。 （2001年），这项研究发现，五种版本的瓦格纳基本法中有四项显示出国民生产与政府发展支出之间的相互关系。长期分析还表明，国民生产总值具有正相关关系，对影响政府发展支出具有重要意义。因此，可以概括地说，该瓦格纳定律仍然适用于马来西亚。

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