التفاصيل البيبلوغرافية
| العنوان: |
Wagner's Law and the Dynamics of Government Spending on Indonesia. |
| المؤلفون: |
Inchauspe, Julian1 (AUTHOR) Julian.Inchauspe@curtin.edu.au, MacDonald, Garry1 (AUTHOR), Kobir, Moch Abdul2 (AUTHOR) |
| المصدر: |
Bulletin of Indonesian Economic Studies. Apr2022, Vol. 58 Issue 1, p79-95. 17p. |
| مصطلحات موضوعية: |
*INDUSTRIAL laws & legislation, *ECONOMIC activity, *ECONOMIC expansion, *BUSINESS cycles, VECTOR analysis, TEST validity |
| مصطلحات جغرافية: |
INDONESIA |
| مستخلص: |
The empirical relationship between public expenditure and economic growth can be analysed from different viewpoints. This study focuses on the empirical testing of the validity of Wagner's law for the Indonesian economy. The high economic growth in the sample period of 1980–2014 makes the law likely to be applicable to Indonesia. Causality and cointegration techniques are used. A key finding in our vector autoregression analysis is unidirectional causality running from GDP and price to government expenditure, supporting Wagner's law. In the case of price and government expenditure, this study also finds evidence of a long-run cointegrating relationship, which appears stable and supports unidirectional causality. The vast majority of the deviations from the equilibrium relationship between government expenditure and price are found to be transitory shocks to government expenditure. Most deviations also appear significantly countercyclical to economic activity, suggesting that government expenditure does play a role in economic stabilisation. [ABSTRACT FROM AUTHOR] |
|
Copyright of Bulletin of Indonesian Economic Studies is the property of Routledge and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) |
| قاعدة البيانات: |
Business Source Index |
