دانلود مقاله ISI انگلیسی شماره 47296
ترجمه فارسی عنوان مقاله

واگنر در برابر کینز: هزینه های عمومی و درآمد ملی در ایتالیا

عنوان انگلیسی
Wagner versus Keynes: Public spending and national income in Italy
کد مقاله سال انتشار تعداد صفحات مقاله انگلیسی
47296 2012 16 صفحه PDF
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Journal of Policy Modeling, Volume 34, Issue 6, November–December 2012, Pages 890–905

Wagner's Law is the first model of public spending in the history of public finance. The aim of this study is to assess its empirical evidence in Italy for the period 1960–2008 at a disaggregated level, using a time series approach. After a brief introduction, a survey of the economic literature on this issue is shown, before estimating the specifications of Wagner's Law for some specific items of public spending (for interests, for final consumption, for labor dependent income, for grants on production, and for public investments), according to the Bank of Italy classification. We found a cointegration relationship for three out of five items. Moreover, results from Granger causality tests show evidence in favor of Wagner's Law only for passive interests spending in the long-run, and for dependent labor income spending in the short-run. Some notes on the policy implications of our empirical results conclude the paper.