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An Evaluation of State Budget Stabilization Funds Among Midwestern States
Author(s) -
NAVIN JOHN C.,
NAVIN LEO J.
Publication year - 1994
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.1468-2257.1994.tb00154.x
Subject(s) - legislature , state (computer science) , fund accounting , fiscal year , economics , public administration , public economics , business , finance , political science , accounting , financial accounting , accounting information system , algorithm , computer science , law
Using data from the National Conference of State Legislatures, this paper examines the state budget stabilization funds of Indiana, Iowa, Missouri, Michigan, Minnesota, Ohio, and Wisconsin. Unlike previous research, this paper examines the movement of the fund balances over time (between 1983 and 1991), to see how the fund balances move in relation to a number of indicators of state fiscal health. The results of this research show that the use of these funds varies significantly among the states as does the level of funding and therefore the ability of the funds to serve as an effective tool for counter‐cyclical state fiscal policy.