Arbeitspapier
State Fiscal Policies and Regional Economic Activity
In this paper, I estimate a structural panel vector autoregression to study the consequences of changes in U.S. state government fiscal policies for local economic activity in the short-term. My main result is that the state-level spending multiplier is relatively small and the tax multiplier relatively large. After four years, the government spending multiplier is 0.6 and the tax multiplier -2.62. This conclusion is found to be robust across different model specifications. I also find that both state spending and state revenue shocks increase out of state output.
- Sprache
-
Englisch
- Erschienen in
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Series: MAGKS Joint Discussion Paper Series in Economics ; No. 46-2014
- Klassifikation
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Wirtschaft
Fiscal Policy
Fiscal Policies and Behavior of Economic Agents: General
Regional Government Analysis: General
- Thema
-
Spending multiplier
Tax multiplier
Subnational government
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Uhl, Matthias
- Ereignis
-
Veröffentlichung
- (wer)
-
Philipps-University Marburg, Faculty of Business Administration and Economics
- (wo)
-
Marburg
- (wann)
-
2014
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Uhl, Matthias
- Philipps-University Marburg, Faculty of Business Administration and Economics
Entstanden
- 2014
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