Abstract
WAGNER LAW AND EXAMINING THE VALIDITY OF TURKISH ECONOMY
The aim of the study is to examine the long run relationship between government expenditures and economic growth for Turkey. In study, gross domestic product (GDP), inflation (E) government expenditures (D) and the logarithm of the ratio of the sum of export and imports over GDP (DIS) were used as variables for the terms between 1975 and 2012. Five most popular models explaining the Wagner’s Law were used. As a result of study, ıt was understood that two of five models were a valid for 1975-2012 in Turkey.
Keywords
Wagner’s Law, Public expenditure
