Ranking state fiscal structures using theory and evidence
Bibliographic Data
| ID | 11680498 |
|---|---|
| Authors | Neil Bania (0000-0003-1204-8805, University of Oregon, corresponding author), Joe A Stone (University of Oregon) |
| Year | 2008 |
| Volume | 27 |
| Issue | 4 |
| Pages | 751-770 |
| Publication date | 2008-09-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Policy Analysis and Management (JOURNAL) |
| Journal identifiers | ISSN: 0276-8739 • E-ISSN: 1520-6688 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1002/pam.20376 |
| OpenAlex | W2107384381 |
| Language | EN |
| Citations received | 3 |
| References cited | 17 |
This paper offers unique rankings of the extent to which fiscal structures of U.S. states contribute to economic growth. The rankings are novel in two key respects: They are well grounded in established growth theory, in which the effect of taxes depends both on the level of taxes and on the composition of expenditures; and they are derived from actual estimates of the link between fiscal structures and economic growth. Estimates for the latter yield a growth hill, in which the incremental effect of taxes spent on productive services and infrastructure initially rises, reaches a peak, and then declines. Rankings derived from these estimates differ sharply from typical rankings based on levels of taxation alone. Two hypothetical policy experiments highlight both the growth‐hill effects of tax investments in productive services and infrastructure and the short‐ and long‐term tradeoffs in attempting to fund strong social services. © 2008 by the Association for Public Policy Analysis and Management
Economics · Fiscal policy · Growth theory · Macroeconomics · Public economics · Public finance · Ranking (information retrieval · State (computer science · Yield (engineering · Fiscal Policies and Political Economy · Fiscal Policy and Economic Growth · Local Government Finance and Decentralization
Fiscal policy and growth
Public Finance in Models of Economic Growth
Some Tests of Specification for Panel Data
Another look at the instrumental variable estimation of error-components models
Do State and Local Taxes Affect Economic Growth
Is All Public Capital Created Equal
The Effect of State and Local Taxes on Economic Growth
Public Infrastructure Investment, Interstate Spatial Spillovers, and Manufacturing Costs
Government Spending in a Simple Model of Endogeneous Growth
Time-Series–cross-Sectiondata
What To Do (and Not to Do) with Time-Series Cross-Section Data
| Citations per year | 0.18 |
|---|---|
| Citation span | 2009 - 2023 (15) |
| Highly cited | No |