IDEAS home Printed from https://ideas.repec.org/a/sae/pubfin/v44y2016i6p722-745.html
   My bibliography  Save this article

Does Monitoring Local Government Fiscal Conditions Affect Outcomes? Evidence from Michigan

Author

Listed:
  • Thomas Luke Spreen
  • Caitlin M. Cheek

Abstract

The goal of this article is to assess whether state monitoring and reporting of local government fiscal condition causes improvement in the financial situation of local governments. From 2006 to 2011, Michigan scored the fiscal conditions of each of its local governments based on their performance across nine indicators of fiscal health. Using audited financial data, we construct a panel of several of those financial indicators for a sample of county and municipal governments in Michigan and neighboring states with no similar program. We employ a difference-in-differences methodology to test whether Michigan’s local governments performed better across the selected indicators relative to their peers in neighboring states. The results of the analysis show no significant change in the monitored indicators among Michigan’s local governments relative to local governments in control states. We largely duplicate the baseline results using propensity score matching.

Suggested Citation

  • Thomas Luke Spreen & Caitlin M. Cheek, 2016. "Does Monitoring Local Government Fiscal Conditions Affect Outcomes? Evidence from Michigan," Public Finance Review, , vol. 44(6), pages 722-745, November.
    • Handle: RePEc:sae:pubfin:v:44:y:2016:i:6:p:722-745
    DOI: 10.1177/1091142115611743
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/1091142115611743
    Download Restriction: no
    File URL: https://libkey.io/10.1177/1091142115611743?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Marco Caliendo & Sabine Kopeinig, 2008. "Some Practical Guidance For The Implementation Of Propensity Score Matching," Journal of Economic Surveys, Wiley Blackwell, vol. 22(1), pages 31-72, February.
    2. Joshua D. Angrist & Jörn-Steffen Pischke, 2009. "Mostly Harmless Econometrics: An Empiricist's Companion," Economics Books, Princeton University Press, edition 1, number 8769.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Thompson, Paul N., 2019. "Are school officials held accountable for fiscal stress? Evidence from school district financial intervention systems," Economics of Education Review, Elsevier, vol. 72(C), pages 44-54.
    2. Thompson, Paul N., 2017. "Effects of fiscal stress labels on municipal government finances, housing prices, and the quality of public services: Evidence from Ohio," Regional Science and Urban Economics, Elsevier, vol. 64(C), pages 98-116.
    3. Paul N. Thompson & Joseph Whitley, 2017. "The effect of school district and municipal government financial health information on local tax election outcomes: evidence from fiscal stress labels in Ohio," Public Choice, Springer, vol. 170(3), pages 265-288, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Petri Böckerman & Alex Bryson & Pekka Ilmakunnas, 2013. "Does high involvement management lead to higher pay?," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 176(4), pages 861-885, October.
    2. Daniel Morales Martínez & Alexandre Gori Maia, 2018. "The Impacts of Cash Transfers on Subjective Wellbeing and Poverty: The Case of Colombia," Journal of Family and Economic Issues, Springer, vol. 39(4), pages 616-633, December.
    3. Hoi, Chun Keung(Stan) & Wu, Qiang & Zhang, Hao, 2019. "Does social capital mitigate agency problems? Evidence from Chief Executive Officer (CEO) compensation," Journal of Financial Economics, Elsevier, vol. 133(2), pages 498-519.
    4. Eva Österbacka & Joachim Merz & Cathleen D. Zick, 2012. "Human capital investments in children –A comparative analysis of the role of parent-child shared time in selected countries," electronic International Journal of Time Use Research, Research Institute on Professions (Forschungsinstitut Freie Berufe (FFB)) and The International Association for Time Use Research (IATUR), vol. 9(1), pages 120-143, November.
    5. Maertens, Miet & Vande Velde, Katrien, 2017. "Contract-farming in Staple Food Chains: The Case of Rice in Benin," World Development, Elsevier, vol. 95(C), pages 73-87.
    6. Nicolas R. Ziebarth, 2018. "Social Insurance and Health," Contributions to Economic Analysis, in: Health Econometrics, volume 127, pages 57-84, Emerald Group Publishing Limited.
    7. Bach, Ruben L. & Eckman, Stephanie, 2017. "Does participating in a panel survey change respondents' labor market behavior?," IAB-Discussion Paper 201715, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    8. Alberini, Anna & Towe, Charles, 2015. "Information v. energy efficiency incentives: Evidence from residential electricity consumption in Maryland," Energy Economics, Elsevier, vol. 52(S1), pages 30-40.
    9. Beard, T. Randolph & Ford, George S. & Saba, Richard P. & Seals, Richard A., 2012. "Internet use and job search," Telecommunications Policy, Elsevier, vol. 36(4), pages 260-273.
    10. Jones, A.M.; & Pastore, C.; & Rice, N.;, 2018. "Tracking pupils into adulthood: selective schools and long-term well-being in the 1958 British cohort," Health, Econometrics and Data Group (HEDG) Working Papers 18/32, HEDG, c/o Department of Economics, University of York.
    11. Boris E. Bravo-Ureta, 2014. "Stochastic frontiers, productivity effects and development projects," Economics and Business Letters, Oviedo University Press, vol. 3(1), pages 51-58.
    12. Riccardo Turati, 2020. "Network-based Connectedness and the Diffusion of Cultural Traits," LIDAM Discussion Papers IRES 2020012, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    13. Anup Agrawal & Tareque Nasser, 2019. "Blockholders on Boards and CEO Compensation, Turnover and Firm Valuation," Quarterly Journal of Finance (QJF), World Scientific Publishing Co. Pte. Ltd., vol. 9(03), pages 1-67, September.
    14. Fung, Simon Yu Kit & Raman, K.K. & Zhu, Xindong (Kevin), 2017. "Does the PCAOB international inspection program improve audit quality for non-US-listed foreign clients?," Journal of Accounting and Economics, Elsevier, vol. 64(1), pages 15-36.
    15. Richter, Felix & Ahlfeldt, Gabriel & Maennig, Wolfgang, 2013. "Urban renewal after the Berlin Wall," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79789, Verein für Socialpolitik / German Economic Association.
    16. Olayinka Oyekola & Olapeju C. Ogunmokun & Martha A. Omolo & Samuel Odewunmi, 2023. "Gender, Legal Origin, and Accounting Disclosure: Evidence from More Than 140,000 Firms," Discussion Papers 2313, University of Exeter, Department of Economics.
    17. Fukui Hideki, 2023. "Evaluating Different Covariate Balancing Methods: A Monte Carlo Simulation," Statistics, Politics and Policy, De Gruyter, vol. 14(2), pages 205-326, June.
    18. Holzmann, Carolin & von Schwerin, Axel, 2015. "Economic integration and interdependence of tax policy," FAU Discussion Papers in Economics 14/2015, Friedrich-Alexander University Erlangen-Nuremberg, Institute for Economics.
    19. Chatterjee, Somdeep & Pal, Debdatta, 2021. "Is there political elite capture in access to energy sources? Evidence from Indian households," World Development, Elsevier, vol. 140(C).
    20. Kebebe, E. G., 2017. "Household nutrition and income impacts of using dairy technologies in mixed crop–livestock production systems," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 61(4), October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:pubfin:v:44:y:2016:i:6:p:722-745. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.