| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w2180 |
| 来源ID | Working Paper 2180 |
| The Revenues-Expenditures Nexus: Evidence from Local Government Data | |
| Douglas Holtz-Eakin; Whitney K. Newey; Harvey S. Rosen | |
| 发表日期 | 1987-03-01 |
| 出版年 | 1987 |
| 语种 | 英语 |
| 摘要 | This paper examines the intertemporal linkages between local government expenditures and revenues. In the terminology that has become standard in the literature on vector autoregression analysis, the issue is whether revenues Granger-cause expenditures, or expenditures Granger-cause revenues. The main results that emerge from an analysis of fiscal data from 171 municipal governments over the period 1972-1980 are that: 1) one or two years are sufficient to summarize the relevant dynamic interrelationships; 2) there are important intertemporal linkages between expenditures, taxes and grants; and 3) past revenues help predict current expenditures, but past expenditures do not alter the future path of revenues. This last finding is contrary to results that have emerged from previous analyses of federal fiscal data, and hence suggests the need for additional research on the differences in the processes generating local and federal decisions. |
| 主题 | Macroeconomics |
| URL | https://www.nber.org/papers/w2180 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/559433 |
| 推荐引用方式 GB/T 7714 | Douglas Holtz-Eakin,Whitney K. Newey,Harvey S. Rosen. The Revenues-Expenditures Nexus: Evidence from Local Government Data. 1987. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w2180.pdf（216KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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