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

Full text not available from this repository. (Request a copy)

Abstract

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.

[error in script]

IITH Creators:	IITH Creators ORCiD Rath, Badri Narayan http://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://raiithold.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/
Related URLs:	Google Scholar

Actions (login required)

View Item

Statistics for this ePrint Item