Many bureaucrats believe that the Development model (by Musgrave and Rostow) is easier to understand than Wagner’s Law/model in explaining the theory of public expenditure. By comparing and contrasting this two of the expenditure growth theories, do you agree with motion? Comparing and Contrasting Musgrave and Rostow’s Development Model and Wagner’s Law/Model for Explaining the Theory of Public Expenditure

Comparing and Contrasting Musgrave and Rostow’s Development Model and Wagner’s Law/Model for Explaining the Theory of Public Expenditure

The Development Model, proposed by Musgrave and Rostow in 1959, is a theory of public expenditure that suggests that economic growth is an outcome of the rational allocation of resources. This theory is based on the premise that governments should be able to use public expenditure to stimulate economic development in order to achieve desired outcomes. The Model assumes that governments should be able to identify and take advantage of opportunities that exist in the economy, such as investments in infrastructure, education and health care, in order to create an environment of economic development. In contrast, Wagner’s Law, proposed by Adolph Wagner in 1883 and later expanded by Abraham Wagner in 1907, is a theory of public expenditure that suggests that public expenditure increases as a result of economic growth. This theory is based on the premise that as economic growth occurs, the demand for public goods and services increases, resulting in an increase in public expenditure. The theory further suggests that increased public expenditure is necessary to maintain economic growth and development. After comparing and contrasting Musgrave and Rostow’s Development Model and Wagner’s Law/Model for explaining the theory of public expenditure, it is evident that both theories have their merits. The Development Model is. Cont…

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more