Have State and Local Fiscal Policies Become More Alike? Evidence of Beta Convergence Among Fiscal Policy Variables  

Oleh:

Annala, Christopher N.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Public Finance Review vol. 31 no. 2 (Mar. 2003), page 144-165.
Topik: convergence; fiscal policy; state and local governments
Fulltext: 144PFR312.pdf (110.14KB)

Isi artikel

This article examines the convergence of state and local fiscal policies among the United States. Based on the standard assumptions of the neoclassical growth model with a public sector, it is shown that state and local fiscal policies have indeed converged over the past 20 years, at a rate substantially faster than real per capita gross state product. These results are contradictory to the Tiebout hypothesis.

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