Testing Wagner's Law in the presence of Structural Changes: New Evidence from Six African Countries (1960-2013)
This study re-examines the relationship between government expenditure and national income in order to test the validity of Wagner's law for six African countries over the period from 1960 to 2013. The empirical analysis uses the Gregory and Hansen (1996) cointegration test which allows for a...
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| Format: | Article |
| Language: | English |
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EconJournals
2016-01-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | https://econjournals.com/index.php/ijefi/article/view/1545 |