BUDGET SPILLOVERS AND FISCAL-POLICY INTERDEPENDENCE - EVIDENCE FROM THE STATES
BUDGET SPILLOVERS AND FISCAL-POLICY INTERDEPENDENCE - EVIDENCE FROM THE STATES
复制标题
DOI：
10.1016/0047-2727(93)90036-s
复制
发表时间：
1993-10-01
影响因子：
9.8
通讯作者：
HINES, JR
中科院分区：
文献类型：
--
作者：
CASE, AC;ROSEN, HS;HINES, JR
本文形式化并检验了国家支出取决于处境相似国家的支出这一概念。我们发现，即使考虑到固定的州效应、年份效应和邻国之间常见的随机冲击，州政府的人均支出水平也会受到邻国支出水平的显着正向影响。在其他条件不变的情况下，邻国的支出每增加一美元，该州自身的支出就会增加 70 美分以上。
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.