The growth and volatility of state tax revenue sources in the Tenth District
@article{Felix2008TheGA, title={The growth and volatility of state tax revenue sources in the Tenth District}, author={R. Alison Felix}, journal={Econometric Reviews}, year={2008}, volume={93}, pages={63-88} }
With the sluggishness in the national economy in 2008, many state governments are projecting budget shortfalls for the 2009 fiscal year. This trend is a concern to policymakers, as the health of a state's tax revenues is important to its economic growth and its ability to finance the public services that residents demand. State governments provide physical infrastructure, educate the future workforce, and protect people and property. In addition, in the Tenth Federal Reserve District, state and…
29 Citations
The Effects of Fiscal Rules Based on Revenue Structure: Evidence from U.S State Governments
- EconomicsEconomia Politica
- 2022
Subnational governments in the United States have explicit fiscal rules, such as tax and expenditure limitations (TELs). However, those governments have different requirements in terms of the…
Government Revenue Volatility: The Case of Alberta, an Energy Dependent Economy
- Economics
- 2010
The Alberta government is heavily exposed to energy price volatility as it relies to a great extent on revenue derived from the production of oil and natural gas. Energy prices change substantially…
Government Revenue Volatility in Alberta
- Economics
- 2010
The Alberta government is heavily exposed to energy price volatility as it relies to a great extent on revenue derived from the production of oil and natural gas. Energy prices change substantially…
The Role of State Revenue Structure in the Occurrence and Magnitude of Negative Revenue Variance
- Economics
- 2017
A negative revenue variance (also known as a revenue shortfall) is generated when the actual inflow of revenue falls short of the budgeted revenue. In an environment constrained by a balanced budget…
A Sub-national Perspective on Financing Investment for Growth II - Creating Fiscal Space for Public Investment: The Role of Institutions
- Economics
- 2014
Sub-national governments (SNGs) are key players for public investment in OECD countries, responsible for nearly two-thirds of it. At the same time, both the well-being of the population and economic…
Effect of Reforms on Tax Revenue Performance in Senegal
- Economics
- 2020
The tax administration in Senegal has experienced several reforms in the period 19702014, but little is known about the performance of those reforms in terms of tax revenue mobilization. The…
Stability of Tax Revenue in Poland’s National Budget in 2004-2020
- EconomicsOlsztyn Economic Journal
- 2021
Both the amount and structure of tax revenue may change in time as they depend on numerous variables, including factors of the business cycle. However, the stability of tax revenue affects the…
Growth and Variability of School District Income Tax Revenues: Is Tax Base Diversification a Good Idea for School Financing?
- Economics
- 2018
School districts in Ohio have the option of diversifying their revenue base by adopting income taxes. Using a panel of Ohio school districts that adopted a local income tax from 1990 to 2008, we find…
Risks of Regional Tax Systems and Their Portfolio Decomposition: The Case of Modern Russia
- EconomicsActa Universitatis Agriculturae et Silviculturae Mendelianae Brunensis
- 2020
The purpose of this paper is an assessment of the risk of regional tax systems at different levels of the budget system (consolidated, federal, regional and local), decomposition of this risk by…
Local government revenue structure: Trends and challenges
- Economics
- 2011
This paper examines trends in local government revenues and current challenges that local governments face in raising revenue. We alsolook into the future in an effort to make recommendations to…
References
SHOWING 1-10 OF 33 REFERENCES
Economic Effects of Fundamental Tax Reform
- Economics
- 1997
[© Brookings Institution] The tax system profoundly affects countless aspects of private behavior. It is a powerful policy influence on the distribution of income and it is the one aspect of…
The Tenth District's defining industries: how are they changing?
- Economics
- 2007
The economy of the Tenth Federal Reserve District has become increasingly more services-based in recent years. While this transformation has lessened many of the historical differences with the rest…
GROWTH AND VARIABILITY OF STATE INDIVIDUAL INCOME AND GENERAL SALES TAXES
- EconomicsNational Tax Journal
- 1991
Two important characteristics of state tax systems are the trend growth rate and cyclical variability of tax revenues. We use national aggregate time series data to estimate the trend rate of growth…
State Revenue Cyclicality
- EconomicsNational Tax Journal
- 2004
How are major state revenue sources affected by the business cycle? Could changing the mix of taxes mitigate the severity of cyclical budget problems? This paper examines issues in estimating and…
Taxation and Economic Efficiency
- Economics
- 2001
This paper analyzes the distortions created by taxation and the features of tax systems that minimize such distortions (subject to achieving other government objectives). It starts with a review of…
TRADE-OFF IN GROWTH AND STABILITY IN STATE TAXES
- EconomicsNational Tax Journal
- 1983
With increased reliance on fast growing but unstable taxes, many state governments have experienced wide fluctuations in tax revenues over the different phases of the business cycle. This paper…
MEASURING THE GROWTH AND VARIABILITY OF TAX BASES OVER THE BUSINESS CYCLE
- EconomicsNational Tax Journal
- 1996
The income elasticity of taxes is frequently used as an indicator of both short-run variability and long-run growth. This paper shows that the standard method for estimating elasticities results in…
Tax Incidence
- Economics
- 2002
This chapter reviews the concepts, methods, and results of studies that analyze the incidence of taxes. The purpose of such studies is to determine how the burden of a particular tax is allocated…
Tax Base Elasticities: A Multi-State Analysis of Long-Run and Short-Run Dynamics
- Economics
- 2006
We examine the relative dynamic responses of state personal tax revenues and sales tax bases to changes in state personal income. Our econometric analysis, which includes separate analyses of…
Oklahoma Rides Rising Tide of Oil and Natural Gas to Hefty
- 2008