Invertis Journals of Management

Kanchan Singh ¹, Pragyesh Nath Tripathi ¹

Affiliations
1 Department of Economics, BHU, Varanasi-221005, IN

Abstract

In this paper, we examine the relations hi ft lief ween public expenditure and economic growth in the context of Indian Matt' with empirically testing of the Wagner's Law. The main concern of the paper is to determine whether Wagner's hypothesis of increasing state activity holds true in context of Indian states.

Keywords

Wagner's Law, Public Expenditure, Economic Growth, Granger Causality Analysis.

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Pragyesh Nath Tripathi ¹

Affiliations
1 Department of Economics, Banaras Hindu University, Varanasi-221005, IN

Abstract

The aim of this paper to analyze the trend/pattern and the trend are accelerate/decelerate the in three important sectors (Agriculture, Industry and Services Sector) in India for the period 1980-2012. In this purpose the log linear model had applied and analysis concentrated for entire period (1980-2012) and three sub period (1980-1990, 1991-2001, and 2002-2012). The empirical results shows, the trend of agriculture, industry and services sectors have increased. And in case of acceleration/deceleration the trend growth is accelerated in industry and services except the agriculture sector for the entire period (1980-2012).Only the services sector trend growth is accelerated for the period 1980-1990 but inconclusive for the agriculture and industrial sector for the period 1980-1990. The average annual trend growth in case of industry is decelerate but in case of services its shows the trend accelerate for the period 1991-2001 and also inconclusive for the agriculture sector for the period 1991-2001. The results also confirms that the average annual trend growth is decelerate in both sectors (industry and services) for the period 2002-2012 and also inconclusive for the agriculture sector for the period 2002-2012.

Keywords

Growth, Sectors, Trend, Acceleration and Deceleration.

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