| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w2314 |
| 来源ID | Working Paper 2314 |
| Income Originating in the State and Local Sector | |
| Charles R. Hulten; Robert M. Schwab | |
| 发表日期 | 1987-07-01 |
| 出版年 | 1987 |
| 语种 | 英语 |
| 摘要 | In this paper we develop an accounting framework for the state and local sector which is consistent with the accounting framework for the private sector of the economy. We show that the public sector capital stock generates an imputed return which takes the form of a reduction in local taxes and that failure to recognize this income distorts the measurement of the output of this sector, confuses the debate over federal tax reform, and hides the distinction between general subsidies for capital formation. Our implementation of those accounts for the 1959- 1985 period indicates that current national income accounting procedures misstate the amount of income originating in the state and local sector; in recent years this misstatement has been on the order of $100 billion. We also show that the state and local sector is one of the more capital intensive sectors of the economy. |
| 主题 | Macroeconomics |
| URL | https://www.nber.org/papers/w2314 |
| 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/559569 |
| 推荐引用方式 GB/T 7714 | Charles R. Hulten,Robert M. Schwab. Income Originating in the State and Local Sector. 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 | ||
| w2314.pdf（441KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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