Abstract

This research paper analyses the relationship between gross domestic product and public expenditures in nominal terms. The analysis is being done by using the standard Peacock-Wiseman specification of the Wagner’s law and provides the results for the Visegrád Four countries, i.e. the Czech Republic, Slovakia, Poland and Hungary. We aim to answer a question concerning the existence of a long and/or short-term relationship between the nominal GDP and nominal public expenditures, which consist of current and capital expenditures. To address this question, we employ the VAR model, the Johansen Cointegration test and the VEC model. We study a period between the first quarter of 1999 and the second quarter of 2019 and find out mixed results for the Visegrád Four countries.

中文翻译：

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维谢格拉德（Visegrád）四个国家的瓦格纳定律测试

摘要

本研究论文以名义价值分析了国内生产总值和公共支出之间的关系。通过使用瓦格纳定律的标准孔雀-怀斯曼规范进行分析，并为维谢格拉德四个国家（即捷克共和国，斯洛伐克，波兰和匈牙利）提供了结果。我们的目的是回答一个有关名义GDP和名义公共支出之间存在长期和/或短期关系的问题，名义上的公共支出包括经常性支出和资本性支出。为了解决这个问题，我们采用了VAR模型，Johansen协整检验和VEC模型。我们研究了1999年第一季度至2019年第二季度之间的时间段，并找出了维谢格拉德四个国家/地区的好坏参半。