State Fiscal Policy during the Great Recession
Budgetary Impacts and Policy Responses
Bibliographic Data
| ID | 5741789 |
|---|---|
| Authors | Andrea Louise Campbell (0000-0002-2094-2551), Michael W Sances (0000-0003-0013-3738) |
| Year | 2013 |
| Volume | 650 |
| Issue | 1 |
| Pages | 252-273 |
| Publication date | 2013-11-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Annals of the American Academy of Political and Social Science (JOURNAL) |
| Journal identifiers | ISSN: 0002-7162 • E-ISSN: 1552-3349 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/0002716213500459 |
| OpenAlex | W2131073707 |
| Language | EN |
| Citations received | 16 |
| References cited | 16 |
Plunging tax revenues and soaring social program demand during the Great Recession created state budget shortfalls of historic magnitude. After reviewing states' aggregate reaction to the economic downturn, we conduct an original analysis of the recession's budgetary impact on the states and their policy responses. Economic factors such as falling personal income and home values explain much of the variation in the recession's impact. State budgeting rules and practices conditioned states' experiences, but not always as intended: budget gaps were smaller in states with stricter balanced budget requirements, but larger in states with statutory spending limitations. Personal income tax increases were more likely in states with a Democratic legislature or greater public unionization rates, while midyear spending cuts were smaller in states with larger public sector unions. In sum, we find that while states' objective economic situations determined the bulk of their responses to the Great Recession, political factors determined these responses' shape and form
Aggregate income · Balanced budget · Economic policy · Economics · Fiscal policy · Income distribution · Labour economics · Legislature · Macroeconomics · Monetary economics · Personal income · Political science · Politics · Public economics · Recession · Revenue · State (computer science) · Statutory law · Tax revenue · Finance · Fiscal Policies and Political Economy · Fiscal Policy and Economic Growth · Local Government Finance and Decentralization
Labor Unions and the Great Recession
How State Responses to Economic Crisis Shape Income Inequality and Financial Well-Being
Egyptian budgetary responses to Covid-19 and their social and economic consequences
Budgetary responses to a global pandemic in Bosnia and Herzegovina
Budgetary responses to Covid-19
Do balanced budget practices of U.S. states make sense? Alternatives from the Eurozone
Budgetary responses to a global pandemic
This time was different
Stretching the public purse
Expanding Enrollments and Contracting State Budgets
Avoiding Punishment? Electoral Accountability for Local Fee Increases
Fiscal Federalism and Economic Crises in the United States
For Richer or Poorer
Public Sector Unions and Privatization
The Great Recession and America's geography of unemployment
The Triumph of Deficits
Dynamic hypothesis on bureaucracy
Fiscal Effects of the Voter Initiative
State Responses to Fiscal Crises
The Political Manipulation of U.S. State Rainy Day Funds Under Rules Versus Discretion
Party and Policy in the States
A Dynamic Model of State Budget Outcomes under Divided Partisan Government
The Measurement of the Partisan Balance of State Government
Explaining Changes in Tax Incidence in the States
State Economies and State Taxes
Divided Government, Fiscal Institutions, and Budget Deficits
| Unique citing works | 16 |
|---|---|
| Citations per year | 1,23 |
| Citation span | 2013 - 2024 (12) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 15 |