The Tax-Spend Debate: Time Series Evidence from State Budgets
AbstractThis paper examines the temporal relationship between revenues and expenditures for the forty-eight contiguous states over an annual period 1942 to 1992. Using an error-correction model, the author finds that the tax-spend hypothesis is supported for twenty-four states. The spend-tax hypothesis is valid for eight states while the fiscal synchronization hypothesis is supported for eleven states. The remaining five states failed the diagnostic tests for error-correction modeling. Copyright 1998 by Kluwer Academic Publishers
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Bibliographic InfoArticle provided by Springer in its journal Public Choice.
Volume (Year): 95 (1998)
Issue (Month): 3-4 (June)
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Web page: http://www.springerlink.com/link.asp?id=100332
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Do More Revenues Lead to More or Less Spending?
by Matt Mitchell in Neighborhood Effects on 2011-08-05 17:33:12
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Sonderforschungsbereich 504 Publications
04-27, Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim.
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