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.
- Language
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Englisch
- Bibliographic citation
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Series: MAGKS Joint Discussion Paper Series in Economics ; No. 46-2014
- Classification
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Wirtschaft
Fiscal Policy
Fiscal Policies and Behavior of Economic Agents: General
Regional Government Analysis: General
- Subject
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Spending multiplier
Tax multiplier
Subnational government
- Event
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Geistige Schöpfung
- (who)
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Uhl, Matthias
- Event
-
Veröffentlichung
- (who)
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Philipps-University Marburg, Faculty of Business Administration and Economics
- (where)
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Marburg
- (when)
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2014
- Handle
- Last update
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10.03.2025, 11:45 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Uhl, Matthias
- Philipps-University Marburg, Faculty of Business Administration and Economics
Time of origin
- 2014
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