The Impact of State and Local Tax and Expenditure Limitations on State Economic Growth

被引:20
|
作者
Deller, Steven [1 ]
Stallmann, Judith I. [2 ]
Amiel, Lindsay [1 ]
机构
[1] Univ Wisconsin, Madison, WI 53706 USA
[2] Univ Missouri, Columbia, MO USA
关键词
GOVERNMENT; CONVERGENCE; EMPLOYMENT; REVOLT; POLICY; LIMITS; TESTS; MODEL;
D O I
10.1111/j.1468-2257.2011.00577.x
中图分类号
F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];
学科分类号
0201 ; 020105 ; 03 ; 0303 ;
摘要
Employing a unique index of Tax and Expenditure Limitation (TEL) restrictiveness, we estimate a family of economic growth models using a panel of the 50 U.S. states for the period 1969 to 2005. Our central goal is to assess the relationship between TEL restrictiveness and economic growth. Results suggest that stronger TELs imposed on state governments have a dampening effect on state economic growth and TELs imposed on local governments have a weak negative impact on growth. The results do not support the argument that legislatures can use tax and expenditure limits as a mechanism to promote economic growth.
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页码:56 / 84
页数:29
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