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首页> 外文期刊>German economic review >Increasing Public Expenditure: Wagner's Law in OECD Countries
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Increasing Public Expenditure: Wagner's Law in OECD Countries

机译：增加公共支出：经合组织国家的瓦格纳定律

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摘要

The paper proposes a panel cointegration analysis of the joint development of government expenditure and economic growth in 23 Organization Economic Cooperation and Development countries. The empirical evidence provides indication of a structural positive correlation between public spending and per-capita gross domestic product (GDP), which is consistent with the so-called Wagner's law. A long-run elasticity larger than 1 suggests a more than proportional increase of government expenditure with respect to economic activity. In addition, according to the spirit of the law, we found that the correlation is usually higher in countries with lower per-capita GDP, suggesting that the catching-up period is characterized by a stronger development of government activities with respect to economies in a more advanced state of development.
机译：本文对23个组织经济合作与发展国家的政府支出与经济增长共同发展提出了面板协整分析。经验证据表明，公共支出与人均国内生产总值（GDP）之间存在结构正相关，这与所谓的瓦格纳定律是一致的。大于1的长期弹性表明，政府支出相对于经济活动的增长大于比例。此外，根据法律精神，我们发现人均GDP较低的国家之间的相关性通常较高，这表明追赶期的特征是政府活动相对于经济的发展更为强劲。更先进的发展状态。

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