Munich Personal RePEc Archive

Wagner's law in Italy: empirical evidence from 1960 to 2008

Magazzino, Cosimo (2009): Wagner's law in Italy: empirical evidence from 1960 to 2008. Forthcoming in: Global & Local Economic Review , Vol. XIV, No. 1 (August 2010): pp. 91-116.

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“Wagner’s Law” is the first model of public expenditure in the history of public finance. The aim of this article is to assess its empirical evidence in Italy for the period 1960-2008. After a brief introduction, an essential survey of the economic literature on this issue is offered, before evaluating the specifications of “Wagner’s Law” due either to Ram or Koop & Poirier. Wagner’s original specification is also evaluated. A few notes on the expenditure policy in Italy conclude the paper.

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