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Theoretical and Applied Economics
No. 8 / 2012 (573)

The Wagner hypothesis from the perspective of the Romanian economy

Ana-Maria ŢEPUŞ
Bucharest Academy of Economic Studies

Abstract. The study consists in determining a long term relationship between the size of the governmental expenses and the economic growth in Romania during the 2000-2010 period. By using the quarterly data of this period and the econometric techniques like the Granger causality, the co-integration analysis and VAR analysis, we have reached the conclusion that there is enough proof in favour of validating the Wagner law.

Keywords: Wagner law; Granger causality; the size of the governmental sector.

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Political macroeconomics
Marin Dinu

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The Economicity. The Epistemic Landscape, Marin Dinu, 2016

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