Wagner's Law against Keynesian Hypothesis
An Analysis for Mexico from 1990 to 2021
DOI:
https://doi.org/10.5433/2317-627X.2024.v12.n3.49625Keywords:
Wagner’s Law, Keynesian Hypothesis, economic growth, public spenditure.Abstract
The objective of this article is to make a contrast on Wagner's Law against the Keynesian Hypothesis in Mexico for the period from 1990 to 2021 to know the relationship between economic growth and public spending, for this, they were elaborated cointegration and causality tests using time series data. The results present evidence of the existence of a causal relationship of economic growth on public spending and of a long-term cointegration between both variables, therefore, these results support the presence of Wagner's Law in the Mexican economy for the period analyzed.
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Copyright (c) 2024 Eleazar Benitez Obregón, Arnoldo Eluzaim Rodríguez Sánchez, Francisco Garcia Fernandez, Jesús Gerardo Delgado Rivas
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