Evaluating state tax revenue variability: a portfolio approach
AbstractState revenue variability is evaluated using a volatility model rooted in portfolio theory. The model evaluates how closely a state's revenue portfolio is constructed to minimize variability in total state tax revenue. The model complements parametric methods of revenue variability.
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Bibliographic InfoPaper provided by Federal Reserve Bank of St. Louis in its series Working Papers with number 2006-008.
Date of creation: 2006
Date of revision:
Other versions of this item:
- Thomas Garrett, 2009. "Evaluating state tax revenue variability: a portfolio approach," Applied Economics Letters, Taylor & Francis Journals, vol. 16(3), pages 243-246.
- NEP-ALL-2006-03-18 (All new papers)
- NEP-FIN-2006-03-18 (Finance)
- NEP-PBE-2006-03-18 (Public Economics)
- NEP-PUB-2006-03-18 (Public Finance)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Sobel, Russell S. & Holcombe, Randall G., 1996. "Measuring the Growth and Variability of Tax Bases over the Business Cycle," National Tax Journal, National Tax Association, vol. 49(4), pages 535-52, December.
- Besley, Timothy J. & Case, Anne, 2002.
"Political Institutions and Policy Choices: Evidence from the United States,"
CEPR Discussion Papers
3498, C.E.P.R. Discussion Papers.
- Timothy Besley & Anne Case, 2003. "Political Institutions and Policy Choices: Evidence from the United States," Journal of Economic Literature, American Economic Association, vol. 41(1), pages 7-73, March.
- Tim Besley, 2002. "Political institutions and policy choices: evidence from the United States," IFS Working Papers W02/13, Institute for Fiscal Studies.
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