IDEAS home Printed from https://ideas.repec.org/a/ucp/munifj/doi10.1086-mfj28030019.html
   My bibliography  Save this article

Fiscal Limits and State Fiscal Structure: An Analysis of State Revenue Structure and Indebtedness

Author

Listed:
  • Myungsoon Hur

Abstract

Most states in the United States employ various methods of fiscal constraint. This study examines whether tax and expenditure limitations (TELs) and borrowing limits, as well as the way in which they interact with one another, affect the structure of state revenue and indebtedness. The results of the study indicate that these limits influence the finances of the state government and that an interaction exists between state TELs and debt limits. More specifically, TELs have resulted in reducing the tax burden but also in increasing non-tax revenue and debt issues. However, debt limits have not slowed the growth of debt but have reduced tax revenue. It appears that states with fiscal limits find less constrained ways of financing in order to make up for a reduction in tax revenue.

Suggested Citation

  • Myungsoon Hur, 2007. "Fiscal Limits and State Fiscal Structure: An Analysis of State Revenue Structure and Indebtedness," Municipal Finance Journal, University of Chicago Press, vol. 28(3), pages 19-35.
    • Handle: RePEc:ucp:munifj:doi:10.1086/mfj28030019
    DOI: 10.1086/MFJ28030019
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1086/MFJ28030019
    Download Restriction: Access to the online full text or PDF requires a subscription.
    File URL: http://dx.doi.org/10.1086/MFJ28030019
    Download Restriction: Access to the online full text or PDF requires a subscription.
    File URL: https://libkey.io/10.1086/MFJ28030019?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
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    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:ucp:munifj:doi:10.1086/mfj28030019. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Journals Division (email available below). General contact details of provider: https://www.journals.uchicago.edu/MFJ .

    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.