Cointegration and Wagner's hypothesis: time series evidence for Canada

Cointegration and Wagner's hypothesis: time series evidence for Canada

It is argued that Wagner's hypothesis is essentially a proposition about the secular comovement of income growth and public spending. Using the Engle and Granger cointegration tests and time series data from Canada, the long-run validity of Wagner's hypothesis is maintained.

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Bibliographische Detailangaben
Veröffentlicht in:Applied economics 1996-08, Vol.28 (8), p.1055-1058
Hauptverfasser: Ahsan, Syed M., Kwan, Andy C. C., Sahni, Balbir S.
Format: Artikel
Sprache:eng
Schlagworte:
Applied economics
Canada
Cointegration analysis
Econometrics
Economic models
Economics
GDP
Government spending
Gross Domestic Product
Hypotheses
Income
Public finance
Studies
Time series
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Beschreibung
Zusammenfassung:It is argued that Wagner's hypothesis is essentially a proposition about the secular comovement of income growth and public spending. Using the Engle and Granger cointegration tests and time series data from Canada, the long-run validity of Wagner's hypothesis is maintained.
ISSN:0003-6846
1466-4283
DOI:10.1080/000368496328182