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THE EMPIRICAL ANALYSIS OF FISCAL ILLUSION
Author(s) -
Dollery Brian E.,
Worthington Andrew C.
Publication year - 1996
Publication title -
journal of economic surveys
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.657
H-Index - 92
eISSN - 1467-6419
pISSN - 0950-0804
DOI - 10.1111/j.1467-6419.1996.tb00014.x
Subject(s) - economics , illusion , revenue , empirical research , econometrics , debt , renting , macroeconomics , finance , psychology , mathematics , cognitive psychology , statistics , political science , law
Abstract. This paper examines the empirical analysis of the five main hypotheses subsumed under the generic term fiscal illusion. After placing these hypotheses within a common theoretical framework, the paper attempts to evaluate empirical research into the revenue‐complexity hypothesis, the revenue‐elasticity hypothesis, the flypaper effect, renter illusion, and debt illusion.