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PUBLIC FINANCE AND REGIONAL ACCOUNTS *
Author(s) -
Terry Edwin F.
Publication year - 1969
Publication title -
review of income and wealth
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.024
H-Index - 57
eISSN - 1475-4991
pISSN - 0034-6586
DOI - 10.1111/j.1475-4991.1969.tb00804.x
Subject(s) - public finance , economics , revenue , spurious relationship , procurement , government (linguistics) , government revenue , public economics , public good , tax incidence , finance , microeconomics , macroeconomics , tax reform , indirect tax , linguistics , philosophy , management , machine learning , computer science
This paper discusses the problems that arise in the regional allocation of public sector accounts. These problems arise mainly in connection with the regional allocation of government expenditures on a governing rather than a procurement basis, and in the derivation of a meaningful surplus or deficit. The latter in turn requires an examination of the real geographic incidence of government revenues—to avoid, for instance, the assignment of the whole tobacco tax to Virginia and North Carolina. The use of a procurement basis for government product and the real geographic distribution of direct tax incidence for government revenue would produce a more complete and meaningful regional surplus or deficit measure, and gross regional products will not be as subject to spurious inter‐regional variation.