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The Determinants of State Budget Periodicity: An Empirical Analysis
Author(s) -
Kearns Paula S.
Publication year - 1993
Publication title -
public budgeting and finance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.694
H-Index - 30
eISSN - 1540-5850
pISSN - 0275-1100
DOI - 10.1111/1540-5850.00963
Subject(s) - legislature , revenue , state (computer science) , sample (material) , session (web analytics) , economics , econometrics , politics , business , accounting , political science , mathematics , advertising , chemistry , algorithm , chromatography , law
States budget for a one‐year or a two‐year period. Little attention has been paid to the determinants of budget periodicity decisions at the state level. This article relies on existing surveys to develop hypotheses for the factors that influence the periodicity decision at the state level. The hypotheses are tested using a sample of 300 observations of the fifty states at various times in recent history. The results suggest that overall expenditures, budget complexity, political culture, revenue variability, and frequency of legislative session are statistically significant factors in the determination of budget periodicity.