Volume 12, Issue 1 (2012)                   QJER 2012, 12(1): 87-112 | Back to browse issues page

‎ 20.1001.1.17356768.1391.12.1.5.0

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Khodaparast Mashhadi M, Falahi M A, Salimifar M, Haghnejad A. Validity of Wagner’s law and the Keynesian View for the Iranian Economy A Time Series Analysis. QJER 2012; 12 (1) :87-112
URL: http://ecor.modares.ac.ir/article-18-8236-en.html
Validity of Wagner’s law and the Keynesian View for the Iranian Economy A Time Series Analysis
Mahdi Khodaparast Mashhadi * 1, Mohammad Ali Falahi2 , Mostafa Salimifar3 , Amin Haghnejad4
1- Assistant Professor of Economics at Ferdowsi University of Mashhad
2- Associate Professor of Economics at Ferdowsi University of Mashhad
3- Associate Professor of economics at Ferdowsi University of Mashhad
4- M.A. in Economics at Ferdowsi University of Mashhad
Abstract:   (7489 Views)
The objective of this paper is to investigate the validity of Wagner’s law and the Keynesian view with regards to the relationship between the non-oil gross domestic product and the public sector size for the Iranian economy during the period of 1967-2007. Time series analysis techniques have been used which include unit root tests, cointegration tests and Hsiao causality test. The findings indicate that Wagner’s Law is confirmed in both the short-run and the long-run; whereas the Keynesian view is approved only in the short-run for Iran.
Keywords: C32, H50 E12, Wagner’s Law, Keynesian view, Public Sector, Hsiao’s causality, Iran. JEL Classification: C32, E12, H10, H50
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Received: 2010/10/26 | Revised: 2012/05/6 | Accepted: 2011/10/16 | Published: 2012/05/6
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