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State and Local Government Finances: Was There a Structural Break in the Reagan Years?
Author(s) -
BAHL ROY,
DUNCOMBE WILLIAM
Publication year - 1988
Publication title -
growth and change
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.657
H-Index - 55
eISSN - 1468-2257
pISSN - 0017-4815
DOI - 10.1111/j.1468-2257.1988.tb00481.x
Subject(s) - reagan administration , state (computer science) , economics , federalism , local government , revenue , state government , government (linguistics) , tax revenue , government revenue , administration (probate law) , economic policy , political economy , political science , development economics , public administration , public economics , finance , law , politics , linguistics , philosophy , algorithm , computer science
The Reagan administration's “New Federalism” and tax reform proposals were expected to have chilling effects on growth of state and local government revenues and expenditures. This paper examines the hypothesis that there was a structural break in state and local government fiscal behavior in the 1980s. Although the evidence is far from conclusive, it does suggest some different fiscal patterns in this decade. However, the real structural break appears to have occurred in the late 1970s and these trends have continued during the Reagan years.