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State-Local Revenue Diversification, Balance, and Fiscal Performance

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  • Jack P. Suyderhoud

    (University of Hawaii)

Abstract

Revenue diversification and balanced use of revenue sources have long been held as desirable policy aims by many tax policy analysts, especially the Advisory Commission on Intergovernmental Relations. Ladd and Weist asserted that revenue balance is not a valid policy goal in and of itself. The disagreements between the two schools of thought have been difficult to sort out in part because of differences in perspectives and in part because of the lack of an acceptable quantitative measure of diversification and definition of balance. This article uses an empirical method for determining diversification and shows that past definitions of revenue balance have been overly narrow. However, in contrast to Ladd and Weist, the empirical measures of diversification do show that revenue balance is related, at the margin, to improved fiscal performance, and thus that balance remains a worthwhile policy aim .

Suggested Citation

  • Jack P. Suyderhoud, 1994. "State-Local Revenue Diversification, Balance, and Fiscal Performance," Public Finance Review, , vol. 22(2), pages 168-194, April.
    • Handle: RePEc:sae:pubfin:v:22:y:1994:i:2:p:168-194
    DOI: 10.1177/109114219402200202
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    Cited by:

    1. repec:rre:publsh:v:35:y:2005:i:3:p:246-65 is not listed on IDEAS
    2. Gill, H. Leroy & Haurin, Donald R., 2001. "The choice of tax base by local authorities: voter preferences, special interest groups, and tax base diversification," Regional Science and Urban Economics, Elsevier, vol. 31(6), pages 733-749, November.
    3. Lang Yang, 2019. "The impact of state intervention and bankruptcy authorization laws on local government deficits," Economics of Governance, Springer, vol. 20(4), pages 305-328, December.

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