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Tax policy and state economic growth: The long-run and short-run of it

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Author Info

  • Ojede, Andrew
  • Yamarik, Steven

Abstract

This paper uses a pooled mean group (PMG) estimator to evaluate the effects of tax policy on state-level growth. We find that property and sales tax rates have negative effects on long-run income growth, while income tax rates have no impact.

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File URL: http://www.sciencedirect.com/science/article/pii/S0165176512000638
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Bibliographic Info

Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 116 (2012)
Issue (Month): 2 ()
Pages: 161-165

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Handle: RePEc:eee:ecolet:v:116:y:2012:i:2:p:161-165

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Web page: http://www.elsevier.com/locate/ecolet

Related research

Keywords: Tax; Regional growth; PMG;

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References

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  1. Harden, J. William & Hoyt, William H., 2003. "Do States Choose Their Mix of Taxes to Minimize Employment Losses?," National Tax Journal, National Tax Association, vol. 56(1), pages 7-26, March Cit.
  2. Pesaran, M. Hashem & Smith, Ron, 1995. "Estimating long-run relationships from dynamic heterogeneous panels," Journal of Econometrics, Elsevier, vol. 68(1), pages 79-113, July.
  3. Reed, W. Robert, 2008. "The Robust Relationship between Taxes and U.S. State Income Growth," National Tax Journal, National Tax Association, vol. 61(1), pages 57-80, March Cit.
  4. Helms, L Jay, 1985. "The Effect of State and Local Taxes on Economic Growth: A Time Series-Cross Section Approach," The Review of Economics and Statistics, MIT Press, vol. 67(4), pages 574-82, November.
  5. Yamarik, Steven, 2000. "Can tax policy help explain state-level macroeconomic growth?," Economics Letters, Elsevier, vol. 68(2), pages 211-215, August.
  6. Michael Wasylenko, 1997. "Taxation and economic development: the state of the economic literature," New England Economic Review, Federal Reserve Bank of Boston, issue Mar, pages 37-52.
  7. Engle, Robert F & Granger, Clive W J, 1987. "Co-integration and Error Correction: Representation, Estimation, and Testing," Econometrica, Econometric Society, vol. 55(2), pages 251-76, March.
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Cited by:
  1. Andrea Filippo Presbitero & Agnese Sacchi & Alberto Zazzaro, 2014. "Property Tax and Fiscal Discipline in OECD Countries," Mo.Fi.R. Working Papers 95, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.

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