An Empirical Examination of Keynesian and Wagner's Hypotheses in Emerging Asian Countries

Economists have paid much attention to the nexus between government expenditure and economic growth for decades. The research's foremost concern is verifying the Keynesian and Wagner's hypotheses in emerging Asian countries from 2005 to 2022. A univariate analysis is conducted to confirm t...

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Huvudupphovsman: Md Shahjahan
Materialtyp: Online
Språk:engelska
Publicerad: Jahangirnagar University 2025
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author Md Shahjahan
author_facet Md Shahjahan
author_sort Md Shahjahan
collection OJS
description Economists have paid much attention to the nexus between government expenditure and economic growth for decades. The research's foremost concern is verifying the Keynesian and Wagner's hypotheses in emerging Asian countries from 2005 to 2022. A univariate analysis is conducted to confirm the causal relationship and measure whether panel series are integrated in the same order.  A causal relationship exists in emerging Asian countries. The estimation results observe the Keynesian proposition in Bangladesh and the Philippines and Wagner's proposition in China, Singapore, and Thailand. Also, the finding directs the presence of Keynesian and Wagner's Hypotheses in India, Indonesia, the Korean Republic, and Malaysia. Moreover, economic growth/government expenditure positively impacts government expenditure/ economic growth through impulse response functions that explain the short-term and long-term status.  
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spelling ojs-1972025-10-16T03:25:58Z An Empirical Examination of Keynesian and Wagner's Hypotheses in Emerging Asian Countries Md Shahjahan Government expenditure Economic growth Panel series analysis Causality approach Asian countries Economists have paid much attention to the nexus between government expenditure and economic growth for decades. The research's foremost concern is verifying the Keynesian and Wagner's hypotheses in emerging Asian countries from 2005 to 2022. A univariate analysis is conducted to confirm the causal relationship and measure whether panel series are integrated in the same order.  A causal relationship exists in emerging Asian countries. The estimation results observe the Keynesian proposition in Bangladesh and the Philippines and Wagner's proposition in China, Singapore, and Thailand. Also, the finding directs the presence of Keynesian and Wagner's Hypotheses in India, Indonesia, the Korean Republic, and Malaysia. Moreover, economic growth/government expenditure positively impacts government expenditure/ economic growth through impulse response functions that explain the short-term and long-term status.   Jahangirnagar University 2025-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Conference Proceedings Submission application/pdf http://journals.juniv.edu/index.php/tjr/article/view/197 10.59185/tjr.v49i1.197 The Jahangirnagar Review; Vol. 49 No. 1 (2025); 1-14 1682-7422 10.59185/tjr.v49i1 eng http://journals.juniv.edu/index.php/tjr/article/view/197/139 Copyright (c) 2025 The Jahangirnagar Review
spellingShingle Government expenditure
Economic growth
Panel series analysis
Causality approach
Asian countries
Md Shahjahan
An Empirical Examination of Keynesian and Wagner's Hypotheses in Emerging Asian Countries
title An Empirical Examination of Keynesian and Wagner's Hypotheses in Emerging Asian Countries
title_full An Empirical Examination of Keynesian and Wagner's Hypotheses in Emerging Asian Countries
title_fullStr An Empirical Examination of Keynesian and Wagner's Hypotheses in Emerging Asian Countries
title_full_unstemmed An Empirical Examination of Keynesian and Wagner's Hypotheses in Emerging Asian Countries
title_short An Empirical Examination of Keynesian and Wagner's Hypotheses in Emerging Asian Countries
title_sort empirical examination of keynesian and wagner s hypotheses in emerging asian countries
topic Government expenditure
Economic growth
Panel series analysis
Causality approach
Asian countries
topic_facet Government expenditure
Economic growth
Panel series analysis
Causality approach
Asian countries
url http://journals.juniv.edu/index.php/tjr/article/view/197
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