Causality between public expenditure and economic growth: The indian case
- Title
- Causality between public expenditure and economic growth: The indian case
- Creator
- Srinivasan P.
- Description
- This study investigates the causal nexus between public expenditure and economic growth in India using cointegration approach and error correction model. The analysis was carried out over the period 1973 to 2012. The Cointegration test result confirms the existence of long-run equilibrium relationship between public expenditure and economic growth in India. The empirical results based on the error-correction model estimate indicates one-way causality runs from economic growth to public expenditure in the short-run and long-run, supporting the Wagner's law of public expenditure.
- Source
- International Journal of Economics and Management, Vol-7, No. 2, pp. 335-347.
- Date
- 2013-01-01
- Subject
- Causality; Cointegration; Economic growth; Impulse response function; Public expenditure
- Coverage
- Srinivasan P., Christ University Bangalore, Karnataka, India
- Rights
- Restricted Access
- Relation
- ISSN: 1823836X
- Format
- Online
- Language
- English
- Type
- Article
Collection
Citation
Srinivasan P., “Causality between public expenditure and economic growth: The indian case,” CHRIST (Deemed To Be University) Institutional Repository, accessed February 25, 2025, https://archives.christuniversity.in/items/show/17274.