Testing Wagner’s Law in the presence of Structural Changes: New Evidence from Six African Countries (1960-2013)

Volume: 6 Number: 1 March 1, 2016
  • Yaya Keho
International Journal of Economics and Financial Issues Cover
International Journal of Economics and Financial Issues
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Testing Wagner’s Law in the presence of Structural Changes: New Evidence from Six African Countries (1960-2013)

Abstract

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 structural break in the long run relationships. We find supporting evidence of Wagner’s law in Ghana over the period 1960-2013 and in Cote d’Ivoire for the period 1960-1995. Evidence for Kenya for the period 1960-1991 supports both Wagner’s law and Keynesian view. The results for the other three countries do not advocate Wagner’s law or its reverse in the long run.

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Primary Language

English

Subjects

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Journal Section

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Authors

Yaya Keho This is me

Publication Date

March 1, 2016

Submission Date

March 1, 2016

Acceptance Date

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Published in Issue

Year 2016 Volume: 6 Number: 1

IZ

https://izlik.org/JA69MM66CC

Cite

RIS / Bibtex
APA
Keho, Y. (2016). Testing Wagner’s Law in the presence of Structural Changes: New Evidence from Six African Countries (1960-2013). International Journal of Economics and Financial Issues, 6(1), 1-6. https://izlik.org/JA69MM66CC
AMA
1.Keho Y. Testing Wagner’s Law in the presence of Structural Changes: New Evidence from Six African Countries (1960-2013). IJEFI. 2016;6(1):1-6. https://izlik.org/JA69MM66CC
Chicago
Keho, Yaya. 2016. “Testing Wagner’s Law in the Presence of Structural Changes: New Evidence from Six African Countries (1960-2013)”. International Journal of Economics and Financial Issues 6 (1): 1-6. https://izlik.org/JA69MM66CC.
EndNote
Keho Y (March 1, 2016) Testing Wagner’s Law in the presence of Structural Changes: New Evidence from Six African Countries (1960-2013). International Journal of Economics and Financial Issues 6 1 1–6.
IEEE
[1]Y. Keho, “Testing Wagner’s Law in the presence of Structural Changes: New Evidence from Six African Countries (1960-2013)”, IJEFI, vol. 6, no. 1, pp. 1–6, Mar. 2016, [Online]. Available: https://izlik.org/JA69MM66CC
ISNAD
Keho, Yaya. “Testing Wagner’s Law in the Presence of Structural Changes: New Evidence from Six African Countries (1960-2013)”. International Journal of Economics and Financial Issues 6/1 (March 1, 2016): 1-6. https://izlik.org/JA69MM66CC.
JAMA
1.Keho Y. Testing Wagner’s Law in the presence of Structural Changes: New Evidence from Six African Countries (1960-2013). IJEFI. 2016;6:1–6.
MLA
Keho, Yaya. “Testing Wagner’s Law in the Presence of Structural Changes: New Evidence from Six African Countries (1960-2013)”. International Journal of Economics and Financial Issues, vol. 6, no. 1, Mar. 2016, pp. 1-6, https://izlik.org/JA69MM66CC.
Vancouver
1.Yaya Keho. Testing Wagner’s Law in the presence of Structural Changes: New Evidence from Six African Countries (1960-2013). IJEFI [Internet]. 2016 Mar. 1;6(1):1-6. Available from: https://izlik.org/JA69MM66CC