Buy Now, Pay Later
Trends in State Indebtedness, 1950-1989
Bibliographic Data
| ID | 6359790 |
|---|---|
| Authors | James L Regens (0000-0002-2067-2547), Thomas P Lauth |
| Year | 1992 |
| Volume | 52 |
| Issue | 2 |
| Pages | 157-157 |
| Publication date | 1992-03-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Public Administration Review (JOURNAL) |
| Journal identifiers | ISSN: 0033-3352 • E-ISSN: 1540-6210 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.2307/976469 |
| OpenAlex | W2323753124 |
| Language | EN |
| Citations received | 9 |
| References cited | 1 |
implications such trends might have for states, especially questions related to intergenerational equity. Although taxes and intergovernmental grants traditionally have been focal points for scholarly research, the sale of debt, which is also an important way of meeting budget requirements, has received considerably less scholarly attention (see Aronson and Hilley, 1986; Heins, 1963; Ratchford, 1941).1 Nonetheless, since the end of World War II, state debt has increased as a percentage of total public debt (Herber, 1979, p. 451). During the 1950s, the amount of state debt began expanding to meet the requirements of institutions of higher education as well as for the improvement and replacement of roads (Hirsch, 1970; Musgrave, 1965). In the 1980s, not surprisingly, the same economic conditions which contributed to federal budget deficits compelled many states to raise taxes and cut spending in order to cope with diminished federal aid and declining rates of economic growth (Beam, 1984). In response to declining revenues and increased program responsibilities, many states turned to the issuance of debt to reduce the mismatch between their expenditure and revenue requirements, incurring either short-term or long-term financial obligations
Business · Economics · Labour economics · State (computer science · Computer Science · Fiscal Policies and Political Economy · Fiscal Policy and Economic Growth
Challenges Facing Fiscal Federalism in the 1990s
An intergenerational transfer model of state debt financing
Determinants of state long-term debt
Turnover, Transaction Costs, and Time Horizons
State Government Credit Quality
State and Local Debt Burdens in the 1980s
Change and Continuity in State Administration
Why Public Financial Management Matters
Disentangling Patterns of State Debt Financing
| Unique citing works | 9 |
|---|---|
| Citations per year | 0,26 |
| Citation span | 1991 - 2017 (27) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 8 |