Almost all American States have tried some form of performance-based budgeting, and this study examines the impact of this budget process innovation on state expenditures. Using panel data for 1970 through 1997 the findings indicate that performance-based budgeting curtails state spending per capita by at least two percentage points. However, not all state government programs are affected equally; some budget categories experience spending increases after the implementation of performance budgeting. The paper also examines the adoption pattern among states of performance budgeting rules. Copyright Springer-Verlag Berlin/Heidelberg 2004Budget process, fiscal rules, fiscal policy, state government finances, performance budgeting,
In 1988, in an effort to reduce risks at auto races, the National Association for Stock Car Auto Racing (NASCAR) implemented a provision requiring the installation of carburetor restrictor plates at its higher speed events. Restrictor plates make a car's engine less effective, thereby slowing the field. Many NASCAR drivers and fans alike question whether the reduction in speed has led to increased safety. This article investigates the empirical determinants of racetrack safety, paying particular attention to the results of restrictor-plate racing on driver safety. We conclude that whereas restrictorplate races are characterized by more cars being wrecked, there is no systematic evidence that they have led to more driver injuries.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.