TESTING THE APPLICABILITY OF WAGNERS LAW IN NIGERIAS ECONOMY (1981-2013)
ABSTRACT Wagners Law suggests that as the economic activity of a country increases, so does its government expenditure. This study tests Wagners laws for Nigeria using annual time series data between 1981 and 2013. It adopts three of the most advanced econometric methods, the Johansen co-integration, Error correction Mechanism and the Granger causality test. From the co-integration results we found out that their exists a long run relationship between government ...
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