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State Government Revenue Recovery from the Great Recession

Listed author(s):
  • James Alm

    ()

    (Department of Economics, Tulane University)

  • David L. Sjoquist

    ()

    (Department of Economics, Georgia State University)

The "Great Recession" lasted from December 2007 to June 2009, and it wreaked havoc on the revenues of state (and local) governments. While the U.S. economy has improved since the end of the Great Recession, state government revenues have in most cases still not completely recovered. We use various indicators to measure how different states have -- or have not -- recovered in the aftermath of the Great Recession, and we also attempt to explain why these different patterns of recovery have emerged. Overall, we find that some, but far from all, state governments have recovered the revenue they lost during the Great Recession. We also find that there is no single causal explanation for recovery that applies to all state governments.

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File URL: http://econ.tulane.edu/RePEc/pdf/tul1408.pdf
File Function: First Version, July 2014
Download Restriction: no

Paper provided by Tulane University, Department of Economics in its series Working Papers with number 1408.

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Date of creation: Aug 2014
Handle: RePEc:tul:wpaper:1408
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