“…In line with the balance wheel hypothesis, several studies have found that healthy economies, as signaled by higher levels of gross state product (GSP) per capita and median household income, lead to increased state higher education funding (Tandberg, 2010a;Tandberg, Fowles, & McLendon, 2017;Toutkoushian & Hollis, 1998). Conversely, indicators of poor economies, such as growth in populations in poverty and unemployment rates, both place constraints on state resources and increase demands on states to provide other social supports, which make state policymakers more inclined to cut funding for higher education (Dar & Lee, 2014;Kane, Orszag, & Hunter, 2003;Li, 2016;McLendon et al, 2009;Rizzo, 2005;Tandberg et al, 2017;Toutkoushian & Hollis, 1998;Weerts & Ronca, 2012).…”