Growth and Variability in State Tax Revenue: An Anatomy of State Fiscal Crises

By Randall G. Holcombe; Russell S. Sobel | Go to book overview

Growth and Variability in State Tax Revenue

An Anatomy of State Fiscal Crises

Randall G. Holcombe and Russell S. Sobel

Contributions in Economics and Economic History Number 189

Greenwood Press Westport, Connecticut London

-iii-

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Growth and Variability in State Tax Revenue: An Anatomy of State Fiscal Crises
Table of contents

Table of contents

  • Title Page iii
  • Contents v
  • Illustrations ix
  • Preface xv
  • Chapter 1 Revenues and Expenditures: the Components of Crisis 1
  • Chapter 2 State Government Spending 19
  • Conclusion 33
  • Notes 34
  • Chapter 3 State Government Taxestitles 35
  • Notes 59
  • Chapter 4 Budgeting for Stability: Some Principles 61
  • Notes 74
  • Chapter 5 Measuring Cyclical Variability 75
  • Conclusions About Tax Elasticity Estimation 93
  • Notes 93
  • Chapter 6 the Cyclical Variability of State Government Revenues 97
  • Conclusion 120
  • Notes 120
  • Chapter 7 the Variability of State Income and Sales Taxes 121
  • Conclusion 141
  • Notes 142
  • Chapter 8 is There a Trade-Off Between Variability and Growth in State Government Tax Bases? 145
  • Conclusion 159
  • Notes 159
  • Chapter 9 the Role of Rainy Day Funds in Easing State Fiscal Crises 161
  • Conclusion 177
  • Notes 178
  • Chapter 10 Conclusion 183
  • Conclusion 193
  • Notes 194
  • Bibliography 195
  • Index 201
  • About the Authors 205
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