Local Government Taxing, Spending and Economic Growth
Author | : Steven C. Deller |
Publisher | : |
Total Pages | : 40 |
Release | : 2002 |
Genre | : |
ISBN | : |
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Author | : Steven C. Deller |
Publisher | : |
Total Pages | : 40 |
Release | : 2002 |
Genre | : |
ISBN | : |
Author | : Dean Stansel |
Publisher | : |
Total Pages | : 0 |
Release | : 2008 |
Genre | : |
ISBN | : |
This paper explores the factors that contribute to long-run economic growth in U.S. metropolitan areas, with particular attention given to government finance variables. Unlike previous work that examines only a sub-sample of the largest areas, this paper uses a new comprehensive data set for all U.S. metropolitan areas. We use panel data and metro fixed effects regression. We found a statistically significant negative relationship between increases in two sources of local government revenue (used to fund an equal increase in spending on public welfare) and subsequent growth in real per capita income, supporting previous findings that taxes have a negative impact on income growth. We also found that replacing welfare spending with higher spending on education and "other expenditures" was positively associated with employment growth, and found similar results for the relationship between police and highway spending and per capita income growth.
Author | : Philip Booth |
Publisher | : London Publishing Partnership |
Total Pages | : 256 |
Release | : 2016-11-01 |
Genre | : Political Science |
ISBN | : 025536735X |
Amidst the debates about ‘austerity’ a number of vital debates in public finance have been sidelined. Because the reductions in government spending – small though they have been so far- have been designed to reduce the government’s borrowing requirement, there has been little discussion of whether the size of the state should be reduced in order to facilitate long-run reductions in the burden of taxation. This book traces the history of the growth of the size of the state over the last 100 years whilst also making international comparisons. There is a particular focus on recent and projected future developments which shows that, though the total level of government spending has not decreased significantly in recent years, there has been a big redirection of spending from some areas to others. The authors then examine the evidence on the relationship between taxation and economic growth. As well as reviewing recent literature, they also undertake new modelling that higher taxes are detrimental for growth. In the final part of the book, the whole UK tax system is reconsidered in a proper economic framework. The UK has one of the world’s most complex tax systems and its incoherence has increased over the last five years. Sweeping reforms are proposed to the system which wold involve abolishing around 20 taxes and the development of a simple, predictable tax system based on principles that should gain wide acceptance.
Author | : Richard K. Vedder |
Publisher | : |
Total Pages | : 40 |
Release | : 1993 |
Genre | : Political Science |
ISBN | : |
Author | : Andrea Lubov |
Publisher | : Lerner Publishing Group |
Total Pages | : 96 |
Release | : 1990 |
Genre | : Juvenile Nonfiction |
ISBN | : |
Describes how federal, state, and local governments tax citizens, the different kinds of taxes, and how tax revenues are spent. Also explains how federal spending affects the national economy and discusses the federal deficit.
Author | : David L. Sjoquist |
Publisher | : Edward Elgar Publishing |
Total Pages | : 358 |
Release | : 2003-01-01 |
Genre | : Business & Economics |
ISBN | : 9781781008522 |
State and Local Finances under Pressure explores the future of state and local government fiscal systems given the numerous pressures they face from economic, legal, technological, demographic and political forces. It explores how these multiple forces play out in terms of the changes state and local governments should and are likely to make. The contributors argue that state and local governments must make substantial changes and that failure to act is likely to result in adverse effects and increasing pressures for modifications that are more difficult to implement and more politically unpalatable. Without reform, state and local fiscal systems will grow increasingly out of sync with economic reality. The authors suggest that government responses are likely to be evolutionary, but that in 25 years the recorded changes will be substantial. The first chapter provides a historic perspective of state and local fiscal trends. Each of the subsequent chapters describes the nature of one of the pressures state and local governments face including: political and legal forces, globalization of business, demographic and technological changes, deregulation of utilities, and urban sprawl. Policymakers, economists, political scientists, fiscal policy analysts and public administrators will find this comprehensive book of interest.
Author | : Mr.Daniel Leigh |
Publisher | : International Monetary Fund |
Total Pages | : 41 |
Release | : 2011-07-01 |
Genre | : Business & Economics |
ISBN | : 1455294691 |
This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by responding to prospective economic conditions. Using this new dataset, our estimates suggest fiscal consolidation has contractionary effects on private domestic demand and GDP. By contrast, estimates based on conventional measures of the fiscal policy stance used in the literature support the expansionary fiscal contractions hypothesis but appear to be biased toward overstating expansionary effects.
Author | : New Jersey State and Local Expenditure and Revenue Policy Commission |
Publisher | : |
Total Pages | : 44 |
Release | : 1987 |
Genre | : Finance, Public |
ISBN | : |
Author | : Robert D. Ebel |
Publisher | : Oxford University Press |
Total Pages | : 1057 |
Release | : 2012-03-21 |
Genre | : Business & Economics |
ISBN | : 0199938318 |
State and local government fiscal systems have increasingly become vulnerable to economic changes. Over the past three decades, state and local deficits during economic recession have been larger and deeper each time. The impact of the Great Recession and its aftermath of feeble growth and lingering high unemployment has been dramatic both in scope and intensity. Before the crisis, long-term structural deficits were persistent for both individual governments and the entire sector as spending plans and patterns outpaced governments' revenue-generating capacity. The revenue systems of these governments eroded while the workloads and scope on the expenditure side of the state and local system budget continued to grow. This handbook evaluates the persistent problems in the fiscal systems of state and local governments and what can be done to solve them. It contains 35 chapters authored by 60 practitioners and academics who are renowned scholars in state and local finance. Each chapter provides a description of the discipline area, examines major developments in policy, practices and research, and opines on future prospects. The chapters are divided into four sections. Section I is a systematic discussion of the institutional, economic, and political framework that provides a background for understanding the structure and financial performance of the state and local sector. The chapters in Section II provide an overview of the various components of state and local revenue systems and how they reacted to the Great Recession. They analyze the diverse forms of taxes and charges in detail, prescribe remedies and alternatives, and examine the implications for future revenue performance. Chapters in Section III turn to spending, borrowing and financial management in the state and local sector. The focus is on the big six service delivery sectors: education, health care, human services, transportation, pensions, and housing. Section IV is a set of chapters that look ahead and speculate about how the state and local government sector's money-raising, spending, and service delivery structures will adjust to the new circumstances.
Author | : Oregon. Office of the Secretary of State |
Publisher | : |
Total Pages | : 232 |
Release | : 1895 |
Genre | : Oregon |
ISBN | : |