Taxes, Incentives, and Economic Growth: Assessing the Impact of Pro-business Taxes on U.S. State Economies

Prillaman, Soledad Artiz; Meier, Kenneth J.

doi:10.1017/s0022381613001345

Cited by 43 publications

(37 citation statements)

References 29 publications

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“…Models that do not consider this possibility could fail to represent financially sustainable policy within local governments [76].…”

Section: Statistic Methodologymentioning

confidence: 99%

“…Therefore, we estimate our model with the robust system-generalized method of moments (SGMM) [77,78], which is the most powerful tool to control for the possible endogeneity between the variables and the error term [75,76,79]. This technique uses the lagged levels of the endogenous regressors as instrumental variables and combines the moment conditions for the equations in first-differences with additional moment conditions implied for equations in level to improve efficiency [80].…”

Section: Statistic Methodologymentioning

confidence: 99%

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Analyzing Forces to the Financial Contribution of Local Governments to Sustainable Development

et al. 2016

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In many countries, the economic crisis brought high volumes of deficit and debt in public entities, which jeopardized the ability of governments to continue providing public services and caused considerable imbalances of economic growth in different regions. In this context, from the recognition of the linkage between economic development and efficiency in public management, previous research indicates that local governments are called to play a key role in promoting sustainable development through environment, economic and social policies based on financial sustainability of the public services. This paper aims to identify influencing factors on the financial sustainability of local governments, as an indicator of their capacity to maintain the delivery of public services over time. Based on a sample of 139 Spanish municipalities with large population for the period 2006-2014, our findings reveal the influence of variables such as the unemployment rate by sector, the dependent population, the immigrant population and the level of education of the population, on the financial sustainability in local governments, providing new useful knowledge to managers, policymakers, researchers and others stakeholders interested in the sustainability of public services.

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“…Models that do not consider this possibility could fail to represent financially sustainable policy within local governments [76].…”

Section: Statistic Methodologymentioning

confidence: 99%

Section: Statistic Methodologymentioning

confidence: 99%

Analyzing Forces to the Financial Contribution of Local Governments to Sustainable Development

et al. 2016

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“…Prillaman and Meier () categorized state taxes as business or nonbusiness, summing them and expressing them as shares of state gross state product (GSP). They found across several indicators of the state economy that nonbusiness taxes more likely reduced state economic performance relative to business taxes, though the effects of both were quantitatively small.…”

Section: Recent Trends In the Literaturementioning

confidence: 99%

U.S. State and Local Fiscal Policy and Economic Activity: Do We Know More Now?

Rickman

Wang

2019

Journal of Economic Surveys

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Early reviews of the academic literature on the economic effects of state and local taxes and expenditures suggested that not enough was known upon which to base policy. The reviews called for better data and improvements in empirical methodology. This paper reviews studies conducted since the early literature reviews to assess our current state of knowledge. The conclusion of the study is that we know more now. But our knowledge is unlikely to ever be sufficient to provide universal policy guidance. Rather, we suggest that more research is needed on specific state and local policies for specific circumstances, consistent with the general principles that guide place‐based policy.

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“…Tax policy is perhaps most fundamental to the traditional concept of the business climate: a poor business climate is characterized by high taxes, while a good business climate is characterized by low taxes (Lynch 2004;Prillaman & Meier, 2014). Ladd and Oates (1998) identified five benchmark studies documenting the thought progression about taxes and regional economic growth, particularly in terms of firm location decisions: Due (1961), Oakland (1978), Wasylenko (1980Wasylenko ( , 1981, Newman and Sullivan (1988), and Bartik (1991).…”

Section: Taxationmentioning

confidence: 99%

Interstate Relocation of Manufacturers and Business Climate

Conroy

Deller

Tsvetkova

2016

Rev Urban & Reg Develop

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In this study, we model how traditional factors associated with a supply‐side view of business climate, at times identified with neo‐liberalism, influence interstate relocation patterns of manufacturers using a panel (2000–2011) of the 48 contiguous American states. We find that very few manufacturing firms relocate across state lines in any given year and those that do relocate are relatively small businesses and are most likely to move to neighboring states. Traditional factors associated with business climate, such as taxation, appear to influence manufacturing interstate relocation. Further analysis shows that the tax policy changes necessary for an economically significant effect on relocation are likely infeasible.

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Taxes, Incentives, and Economic Growth: Assessing the Impact of Pro-business Taxes on U.S. State Economies

Cited by 43 publications

References 29 publications

Analyzing Forces to the Financial Contribution of Local Governments to Sustainable Development

Analyzing Forces to the Financial Contribution of Local Governments to Sustainable Development

U.S. State and Local Fiscal Policy and Economic Activity: Do We Know More Now?

Interstate Relocation of Manufacturers and Business Climate

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