Impacts of local and state tax and expenditure limits on economic growth
AbstractWe focus on the impact of statutory and constitutional Tax and Expenditure Limits (TELs) on growth levels and rates of convergence. Using a panel of US state data from 1987 to 2004, we report a family of neoclassical growth models. Using simple dummy variables to identify states with and without strict TELs, we find that local property tax levy limits do not significantly influence income growth and convergence rates. Results for state revenue and expenditure limits suggest that more recent limits may have negatively affected income growth and slowed convergence.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics Letters.
Volume (Year): 17 (2010)
Issue (Month): 7 ()
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- HYE, Qazi Muhammad Adnan & M Anwar, Jalil, 2010. "Revenue and Expenditure Nexus: A Case Study of Romania," MPRA Paper 32132, University Library of Munich, Germany.
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