Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/170524
Authors: 
Köppl-Turyna, Monika
Year of Publication: 
2017
Series/Report no.: 
Agenda Austria Working Paper 11
Abstract: 
We test several hypotheses concerning the growth of public expenditure by the Austrian monarchy between 1870 and 1913 in relation to Wagner's law, as well as the impact of increasing public indebtedness and the expanding role of the Imperial Council towards the end of the analyzed period, using the bounds testing approach and Granger-causality analysis. We find evidence for Wagner's law in the case of public investment, but not general public expenditure. Increases in general public expenditure were mostly driven by the public debt, rather than by increasing national income. We do not find evidence that institutional reforms by the Imperial Council changed the trends in public expenditure.
Subjects: 
Imperial Austria
Wagner's law
public expenditure
JEL: 
N13
N43
H50
Document Type: 
Working Paper
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