Estimating the permanent income elasticity of government expenditures: Evidence on Wagner's law based on oil price shocks

Economía y empresa

• Wagner's Law 98%
• Permanent Income 82%
• Oil Price Shocks 75%
• Income Elasticity 70%
• Government Expenditure 66%
• Elasticity 52%
• Government Spending 34%
• Instrumental Variable Estimate 29%
• Net Export 27%
• Standard Error 23%
• Oil Prices 18%
• Short-run 15%
• Coefficients 15%
• Oil 15%
• Alternatives 9%

Ciencias ambientales y de la tierra

• public spending 100%
• elasticity 62%
• income 55%
• price 51%
• oil 37%
• Gross Domestic Product 13%
• annual variation 12%
• consumption 8%

Ciencias sociales

• oil price 74%
• expenditures 56%
• income 42%
• Law 33%
• evidence 26%