The Causal Relationship Between Tax Revenues and Expenditures: Evidence from New York State
As smaller state budgets become popular among voters, a better understanding of the factors affecting budget balances becomes imperative. This paper tries to shed some light on the issue by analyzing New York State budget data. The results of a Granger-Causality test in conjunction with variance decomposition techniques show that tax revenues, as opposed to expenditures, are the leading factor in creating bigger budgets in New York.
Volume (Year): 33 (2002)
Issue (Month): 1 ()
|Contact details of provider:|| Web page: https://sites.google.com/site/econnysea/|
More information through EDIRC
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.:
- von Furstenberg, George M & Green, R Jeffrey & Jeong, Jin-Ho, 1986. "Tax and Spend, or Spend and Tax?," The Review of Economics and Statistics, MIT Press, vol. 68(2), pages 179-88, May.
- Darrat, Ali F & Gilley, Otis W & Meyer, Don J, 1996. "US Oil Consumption, Oil Prices, and the Macroeconomy," Empirical Economics, Springer, vol. 21(3), pages 317-34.
When requesting a correction, please mention this item's handle: RePEc:nye:nyervw:v:33:y:2002:i:1:p:61-66. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Eryk Wdowiak)
If references are entirely missing, you can add them using this form.