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Year 2016, Volume: 6 Issue: 1, 1 - 6, 01.03.2016

Yaya Keho

Abstract

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

Year 2016, Volume: 6 Issue: 1, 1 - 6, 01.03.2016

Yaya Keho

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.

Keywords

Wagner’s law Structural change GDP Cointegration Granger causality

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Details

Other ID JA48SE64AN
Journal Section Research Article
Authors

Yaya Keho This is me

Publication Date March 1, 2016
Published in Issue Year 2016 Volume: 6 Issue: 1

Cite

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.
AMA Keho Y. Testing Wagner’s Law in the presence of Structural Changes: New Evidence from Six African Countries (1960-2013). IJEFI. March 2016;6(1):1-6.
Chicago 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, no. 1 (March 2016): 1-6.
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 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, 2016.
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 2016), 1-6.
JAMA 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, 2016, pp. 1-6.
Vancouver 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.