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Wagner in Ireland: An Econometric Analysis


 
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1. Title Title of document Wagner in Ireland: An Econometric Analysis
 
2. Creator Author's name, affiliation, country Stephen Moore; University College Cork; Ireland
 
3. Subject Discipline(s)
 
3. Subject Keyword(s) Wagner; Ireland; quantitative methods
 
4. Description Abstract This paper presents an econometric analysis of Wagner’s Law in Ireland for the period 1970-2012. To estimate the long run relationship between government expenditure and gross national product per capita the bounds testing procedure of Pesaran and Shin (2001) is employed. The analysis is performed using both real and nominal variables. The paper finds that although government expenditure has been rising over the period in question the rate of growth has not outpaced growth in GDP per capita, thus weighing against Wagner’s Law. Results are robust across a selection of the most prominent model specifications in the literature, and to the volatility in government spending during the recent crisis. Some policy considerations are also explored.
 
5. Publisher Organizing agency, location
 
6. Contributor Sponsor(s)
 
7. Date (YYYY-MM-DD) 2016-03-31
 
8. Type Status & genre Peer-reviewed Article
 
8. Type Type
 
9. Format File format PDF
 
10. Identifier Uniform Resource Identifier http://www.esr.ie/article/view/506
 
11. Source Title; vol., no. (year) The Economic and Social Review; Vol 47, No 1, Spring (2016)
 
12. Language English=en en
 
13. Relation Supp. Files
 
14. Coverage Geo-spatial location, chronological period, research sample (gender, age, etc.)
 
15. Rights Copyright and permissions Copyright (c) 2016 The Economic and Social Review