Evidence of Wagner's law from Indian states

Narayan, S and Rath, Badri Narayan and Paresh, N K (2012) Evidence of Wagner's law from Indian states. Economic Modelling, 29 (5). pp. 1548-1557. ISSN 0264-9993

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In this paper, we test for Wagner's law for 15 Indian states. We consider nine panels of states based on geography and level of economic development. Using panel unit-root, panel-cointegration, and panel-Granger causality analysis, we unravel strong evidence of Wagner's law. However, we find that the Wagner's law relationship is consumption rather than capital expenditure driven. This is a fresh revelation and our results are robust to different model specifications.

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IITH Creators:
IITH CreatorsORCiD
Rath, Badri Narayanhttp://orcid.org/0000-0001-7211-0952
Item Type: Article
Uncontrolled Keywords: Wagner's Law; Indian states; Unit root; Cointegration; Panel data; Heterogeneous
Subjects: Social sciences > Statistics
Social sciences > Political Science & Economics
Divisions: Department of Liberal Arts
Depositing User: Users 3 not found.
Date Deposited: 22 Sep 2014 06:14
Last Modified: 11 Sep 2017 06:56
URI: http://raiith.iith.ac.in/id/eprint/33
Publisher URL: https://doi.org/10.1016/j.econmod.2012.05.004
OA policy: http://www.sherpa.ac.uk/romeo/issn/0264-9993/
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