BUDGET SPILLOVERS AND FISCAL-POLICY INTERDEPENDENCE - EVIDENCE FROM THE STATES
成果类型：
Article
署名作者：
CASE, AC; ROSEN, HS; HINES, JR
署名单位：
Princeton University; Harvard University
刊物名称：
JOURNAL OF PUBLIC ECONOMICS
ISSN/ISSBN：
0047-2727
DOI：
10.1016/0047-2727(93)90036-S
发表日期：
1993
页码：
285-307
关键词：
摘要：
This paper formalizes and tests the notion that states' expenditures depend on the spending of similarly situated states. We find that even after allowing for fixed state effects, year effects, and common random shocks among neighbors, a state government's level of per capita expenditure is positively and significantly affected by the expenditure levels of its neighbors. Ceteris paribus, a one dollar increase in a state's neighbors' expenditures increases its own expenditure by over 70 cents.
来源URL：