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- Title
YENİ SANAYİLEŞMİŞ ÜLKELERDE (NIC) WAGNER YASASI VE KEYNESYEN HİPOTEZİNİN GEÇERLİLİĞİNİN FOURİER NEDENSELLİK ANALİZİ İLE İNCELENMESİ.
- Authors
ÇADIRCI, Çiğdem; KAYA, Levent
- Abstract
Today, the gradual increase in public expenditures in almost all countries has led to the question of what the size of the public sector should be in the economy. The effects of the size of the public sector on the economy of countries are seen as an important issue. The purpose of this study is to investigate the causal relationship between public expenditures and economic growth in newly industrialized countries (NIC) for the 1981-2021 period. and to determine which of Wagner's law and the Keynesian hypothesis is correct. The causal relationship between the variables was analyzed with the Granger and Fourier Granger causality tests. According to the findings, bidirectional causality between public expenditures and economic growth was found for Brazil, South Africa, and Thailand, and unidirectional causality from economic growth to public expenditures for other countries. In general, it has been determined that Wagner's law is valid in newly industrialized countries.
- Subjects
DEVELOPING countries; GRANGER causality test; PUBLIC spending; ECONOMIC expansion; PUBLIC sector
- Publication
Dogus University Journal / Doğuş Üniversitesi Dergisi, 2023, Vol 24, Issue 1, p293
- ISSN
1302-6739
- Publication type
Article