Download This PaperCausality for the Government Budget and Economic Growth
Department of Economics, ISEG-UL, Working Paper nº WP07/2014/DE/UECE
6 Pages Posted: 28 Apr 2014
Date Written: April 27, 2014
Abstract
We use a panel of 155 countries for 1970-2010 to study (two-way) causality between government spending, revenue and growth. Our results suggest the existence of weak evidence supporting causality from expenditures or revenues to GDP per capita and provide evidence supporting Wagner’s Law.
Keywords: government expenditures, goverment revenues, panel causality, GMM
JEL Classification: C23, E62, H50
Suggested Citation: Suggested Citation
Afonso, António and Jalles, João Tovar, Causality for the Government Budget and Economic Growth (April 27, 2014). Department of Economics, ISEG-UL, Working Paper nº WP07/2014/DE/UECE, Available at SSRN: https://ssrn.com/abstract=2429909 or http://dx.doi.org/10.2139/ssrn.2429909
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