<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0120-6346</journal-id>
<journal-title><![CDATA[Semestre Económico]]></journal-title>
<abbrev-journal-title><![CDATA[Semest. Econ.]]></abbrev-journal-title>
<issn>0120-6346</issn>
<publisher>
<publisher-name><![CDATA[Universidad de Medellín]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0120-63462020000100145</article-id>
<article-id pub-id-type="doi">10.22395/seec.v23n54a8</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[DOS CONTRASTACIONES EMPÍRICAS DE LA LEY DE WAGNER: ESPAÑA 1850-2016]]></article-title>
<article-title xml:lang="en"><![CDATA[TWO EMPIRICAL CONTRASTS OF THE WAGNER&#8217;S LAW: SPAIN 1850-2016]]></article-title>
<article-title xml:lang="pt"><![CDATA[DUAS COMPARAÇÕES EMPÍRICAS DA LEI DE WAGNER: ESPANHA 1850-2016]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[García]]></surname>
<given-names><![CDATA[Manuel Jaén]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad de Almería Departamento de Economía y Empresa ]]></institution>
<addr-line><![CDATA[Almería ]]></addr-line>
<country>Spain</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2020</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2020</year>
</pub-date>
<volume>23</volume>
<numero>54</numero>
<fpage>145</fpage>
<lpage>179</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S0120-63462020000100145&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S0120-63462020000100145&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S0120-63462020000100145&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[RESUMEN Este trabajo realiza una doble contrastación empírica de la conocida ley de Wagner de expansión del gasto público. Por una parte se considera una bastante conocida contrastación utilizando instrumentos de raíces unitarias y cointegración. Por otra se utiliza la menos conocida contrastación usando la metodología wavelet. El plazo de tiempo considerado, 1850-2016, es el más largo de los utilizados hasta el momento en cualquier contraste de la ley con datos españoles. Los resultados nos indican que no se puede rechazar la ley de Wagner para la totalidad de la muestra, incluyendo en la ecuación de cointegración y en el MCE las rupturas estructurales, mientras que en la segunda la precedencia del gasto con respecto al PIB y viceversa no permite afirmar el cumplimiento de la ley salvo en períodos de tiempo muy cortos, por ello, y con carácter general, se puede rechazar la ley para el período completo. CLASIFICACIÓN JELH11, H50, E62. CONTENIDO: Introducción; 1. La ley de Wagner; 2. Una breve semblanza del gasto público en España en el período 1850-2010; 3. Contrastación empírica de la ley utilizando raíces unitarias y cointegración; 4. Metodología wavelet; 5. Conclusiones; Bibliografía.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[ABSTRACT This work performs a double empirical contrast of the well known Wagner's Law of increasing state spending. In one hand a widely known contrast is considered by using unitarian and cointegrated instruments. In the other hand, the lesser-known wavelet contrast is used. The time frame considered, 1850-2016, is the longest of those employed until today by any other contrast of this law with Spanish data. The results point towards that the Wagner's Law cannot be rejected for the totality of the samples, including the structural ruptures within the co-integration equations and the ECM, whereas in the second the provenance of the spent regarding the GDP and vice versa does not allow to affirm the compliance with the law except on very short time frames; because of that, and with a general character, this law can be rejected for the complete timeframe. JEL CODE: H11, H50, E62. CONTENTS: Introduction; 1. Wagner&#8217;s Law; 2. A brief semblance on state spending in Spain in the 1850-2010 time frame; 3. Empirical contrast of the law using unit roots and cointegration; 4. Wavelet methodology; 5. Conclusions; Bibliography.]]></p></abstract>
<abstract abstract-type="short" xml:lang="pt"><p><![CDATA[RESUMO Este trabalho realiza duas comparações empíricas da conhecida Lei de Wagner de expansão da despesa pública. Por um lado, é considerado uma conhecida comparação que utiliza instrumentos de raízes unitárias e cointegração. Por outro, utiliza-se do contraste menos conhecido por meio da metodologia wavelet. O período considerado, 1850-2016, é o mais longo dos utilizados até o momento em qualquer contraste da lei com dados espanhóis. Os resultados nos indicam que não se pode recusar a lei de Wagner para a totalidade da amostra, incluindo na equação de cointegração e no MCE as rupturas estruturais, enquanto na segunda a precedência da despesa em relação com o PIB e viceversa não permite afirmar o cumprimento da lei salvo em períodos muito curtos, por isso, e com caráter geral, a lei pode ser rejeitada para o período completo. CLASSIFICAÇÃO JEL: H11, H50, E62. CONTEÚDO: Introdução; 1. A Lei de Wagner; 2. Breve esboço da despesa pública na Espanha entre 1850 e 2010; 3. Comparação empírica da lei com a utilização de raízes unitárias e cointegração; 4. Metodologia wavelet; 5. Conclusões; Bibliografia.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[Gasto público]]></kwd>
<kwd lng="es"><![CDATA[producto interior bruto]]></kwd>
<kwd lng="es"><![CDATA[raíces unitarias]]></kwd>
<kwd lng="es"><![CDATA[cointegración]]></kwd>
<kwd lng="es"><![CDATA[metodología wavelet]]></kwd>
<kwd lng="en"><![CDATA[State spending]]></kwd>
<kwd lng="en"><![CDATA[gross domestic product]]></kwd>
<kwd lng="en"><![CDATA[unit-roots]]></kwd>
<kwd lng="en"><![CDATA[cointegration]]></kwd>
<kwd lng="en"><![CDATA[wavelet methodology]]></kwd>
<kwd lng="pt"><![CDATA[Despesa pública]]></kwd>
<kwd lng="pt"><![CDATA[produto interno bruto]]></kwd>
<kwd lng="pt"><![CDATA[raízes unitárias]]></kwd>
<kwd lng="pt"><![CDATA[cointegração]]></kwd>
<kwd lng="pt"><![CDATA[metodologia wavelet]]></kwd>
</kwd-group>
</article-meta>
</front><back>
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