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Explaining U.S. Federal Deficits: 1889–1998
Author(s) -
Goff Brian L.,
Tollison Robert D.
Publication year - 2002
Publication title -
economic inquiry
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.823
H-Index - 72
eISSN - 1465-7295
pISSN - 0095-2583
DOI - 10.1093/ei/40.3.457
Subject(s) - economics , interest group , smoothing , econometrics , politics , political science , statistics , mathematics , law
We review and jointly test various competing theoretical and empirical models of U.S. federal deficits using annual data from 1889 to 1998. We find that tax smoothing matters and that political and interest group/distributional factors are also present in our results.