TESTING THE WAGNER’S LAWS WITH ALTERNATIVE MODEL FOR SELECTED COUNTRIES: 1960-2015 ARDL ANALYSIS WAGNER YASASININ ALTERNATİF MODELLER ARACILIĞIYLA SEÇİLMİŞ ÜLKELER İÇİN TEST EDİLMESİ: 1960-2015 DÖNEMİNE İLİŞKİN ARDL ANALİZİ
Wagner's law which foresees that the share of public expenditures will increase in the total expenditure, along with the increase in income per capita in the industrialized countries, has been the subject of many studies for many years and has caused great repercussions in the science community. In the study, Wagner’ law is tested via ARDL to determine whether it is valid for Spain, South Korea and Mexico for period of 1960-2015. The reason for the selection of these countries is that their socioeconomic structures are very similar to each other as of their initial years, and that economic indicators in recent years have largely differentiated. According to the findings, Peacock-Wisemann model for South Korea and Mexico, Gupta model for South Korea, Goffman model for Mexico, Musgrave model for South Korea, Spain and Mexico and Mann model for South Korea, Spain and Mexico are valid. Finally, there are no results for Turkey that support the Wagner’s law.
Keywords
Wagner's Law, Economic Growth, Government Expenditure, ARDL Bound Test
@article{2018,title={TESTING THE WAGNER’S LAWS WITH ALTERNATIVE MODEL FOR SELECTED COUNTRIES: 1960-2015 ARDL ANALYSIS},abstractNode={Wagner's law which foresees that the share of public expenditures will increase in the total expenditure, along with the increase in income per capita in the industrialized countries, has been the subject of many studies for many years and has caused great repercussions in the science community. In the study, Wagner’ law is tested via ARDL to determine whether it is valid for Spain, South Korea and Mexico for period of 1960-2015. The reason for the selection of these countries is that their socioeconomic structures are very similar to each other as of their initial years, and that economic indicators in recent years have largely differentiated. According to the findings, Peacock-Wisemann model for South Korea and Mexico, Gupta model for South Korea, Goffman model for Mexico, Musgrave model for South Korea, Spain and Mexico and Mann model for South Korea, Spain and Mexico are valid. Finally, there are no results for Turkey that support the Wagner’s law.},author={Ömer Faruk TEKMANLI-- Gökhan ERKAL},year={2018},journal={The Journal of Social Sciences}}
Ömer Faruk TEKMANLI-- Gökhan ERKAL . 2018 . TESTING THE WAGNER’S LAWS WITH ALTERNATIVE MODEL FOR SELECTED COUNTRIES: 1960-2015 ARDL ANALYSIS . The Journal of Social Sciences.DOI:10.16990/SOBIDER.4596
Ömer Faruk TEKMANLI-- Gökhan ERKAL.(2018).TESTING THE WAGNER’S LAWS WITH ALTERNATIVE MODEL FOR SELECTED COUNTRIES: 1960-2015 ARDL ANALYSIS.The Journal of Social Sciences
Ömer Faruk TEKMANLI-- Gökhan ERKAL,"TESTING THE WAGNER’S LAWS WITH ALTERNATIVE MODEL FOR SELECTED COUNTRIES: 1960-2015 ARDL ANALYSIS" , The Journal of Social Sciences (2018)
Ömer Faruk TEKMANLI-- Gökhan ERKAL . 2018 . TESTING THE WAGNER’S LAWS WITH ALTERNATIVE MODEL FOR SELECTED COUNTRIES: 1960-2015 ARDL ANALYSIS . The Journal of Social Sciences . 2018. DOI:10.16990/SOBIDER.4596
Ömer Faruk TEKMANLI-- Gökhan ERKAL .TESTING THE WAGNER’S LAWS WITH ALTERNATIVE MODEL FOR SELECTED COUNTRIES: 1960-2015 ARDL ANALYSIS. The Journal of Social Sciences (2018)
Ömer Faruk TEKMANLI-- Gökhan ERKAL .TESTING THE WAGNER’S LAWS WITH ALTERNATIVE MODEL FOR SELECTED COUNTRIES: 1960-2015 ARDL ANALYSIS. The Journal of Social Sciences (2018)
Format:
Ömer Faruk TEKMANLI-- Gökhan ERKAL. (2018) .TESTING THE WAGNER’S LAWS WITH ALTERNATIVE MODEL FOR SELECTED COUNTRIES: 1960-2015 ARDL ANALYSIS The Journal of Social Sciences
Ömer Faruk TEKMANLI-- Gökhan ERKAL . TESTING THE WAGNER’S LAWS WITH ALTERNATIVE MODEL FOR SELECTED COUNTRIES: 1960-2015 ARDL ANALYSIS . The Journal of Social Sciences . 2018 doi:10.16990/SOBIDER.4596
Ömer Faruk TEKMANLI-- Gökhan ERKAL."TESTING THE WAGNER’S LAWS WITH ALTERNATIVE MODEL FOR SELECTED COUNTRIES: 1960-2015 ARDL ANALYSIS",The Journal of Social Sciences(2018)