%0 Journal Article
%T The Wagner¡¯s Law: Time Series Evidence for Turkey, 1960-2006 The Wagner¡¯s Law: Time Series Evidence for Turkey, 1960-2006 = Wagner Yasas : Tš¹rkiye rne i, 1960-2006
%A £¿zlem TA£¿SEVEN
%J Dogus University Journal
%D 2011
%I Dogus University
%X In this paper the Wagner¡¯s Law for Turkey for the period 1960-2006 is analyzed. Wagner¡¯s law investigates whether there is a long run relationship between government expenditures and the gross national product of a country. The paper uses modern time-series econometric techniques to test the validity of law¡¯s proposition. Cointegration analysis is used to test the validity of the Wagner¡¯s law. Our results suggest that Wagner¡¯s law is validated for two formulations using the definition given by Florio & Colutti (2005) according to the elasticity measures for the period under consideration. In this paper the Toda-Yamamoto tests of Granger causality, short and long run properties of the model within an error correction model are examined. Estimated error correction models indicate that the Granger-causality between government expenditures and gross domestic product is bi-directional in the long run.
%K Wagner¡¯s law
%K Government Expenditures
%K Co-integration
%K Causality
%K Turkish Economy
%K Wagner Yasas
%K Kamu Harcamalar
%K Ko-integrasyon
%K Nedensellik
%K Tš¹rkiye Ekonomisi
%U http://journal.dogus.edu.tr/index.php/duj/article/view/275