Wagner Kanunu’nun Geçerliliği: 1992-2021 Dönemi İçin Dünya’dan Kanıtlar

Yasin Karadeniz

doi:10.25229/beta.1261104

Research Article

Validity of Wagner’s Law: Evidence from Across the World in 1992-2021

Year 2024, Volume: 9 Issue: 1, 1 - 20, 29.02.2024

Yasin Karadeniz

https://doi.org/10.25229/beta.1261104

Abstract

This paper aims to analyze the validity of Wagner's Law for the period 1992-2021 in 83 countries by using Gengenbach, Urbain, and Westerlund (2016) panel cointegration and Augmented Mean Group Estimator (AMG) coefficient estimator methods. The paper uses per capita income and human development index to analyze the validity of Wagner's Law. The Results of the analysis indicate that Wagner's Law is valid in 26 of 86 countries. In 9 of these countries, the Wagner Law is valid both in terms of per capita income and human development index.

Keywords

Wagner’s Law, Public Expenditures, Human Development Index, Per Capita National Income

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