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AuthorSaleh, Ali Salman
AuthorVerma, Reetu
AuthorIhalanayake, Ranjith
Available date2024-03-11T08:30:03Z
Publication Date2017-07-31
Publication NameInternational Journal of Economics and Business Research
Identifierhttp://dx.doi.org/10.1504/IJEBR.2017.085551
CitationSaleh, A. S., Verma, R., & Ihalanayake, R. (2017). A validation of Wagner's Law: a case study of Sri Lanka. International Journal of Economics and Business Research, 14(1), 29-43.
ISSN1756-9850
URIhttps://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85026819821&origin=inward
URIhttp://hdl.handle.net/10576/52863
AbstractThis study provides evidence on the validity of Wagner's Law on the impact of government spending on economic growth in Sri Lanka. To test for stationarity, we use the Narayan and Popp's (2010) new Perron-type innovational unit root test; and to test for the long-run relationship, the study uses Hatemi's (2008) co-integration method. This study finds that a long-run relationship exists between GDP, consumption and investment expenditure. Various policy implications have also emerged from these findings. Studies on the impact of government spending on economic growth in the case of South Asian countries, and particularly for Sri Lanka, are very limited. The study disaggregates public expenditure into its two components and uses advanced methodologies which take into account structural breaks.
Languageen
PublisherInderscience Publishers
Subjectco-integration
economic growth
government spending
Sri Lanka
structural breaks
Wagner's Law
TitleA validation of Wagner's Law: A case study of Sri Lanka
TypeArticle
Pagination29-43
Issue Number1
Volume Number14
ESSN1756-9869
dc.accessType Abstract Only


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