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A Framework for Understanding State Balanced Budget Requirement Systems: Reexamining Distinctive Features and an Operational Definition
Author(s) -
HOU YILIN,
SMITH DANIEL L.
Publication year - 2006
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/j.1540-5850.2006.00853.x
Subject(s) - state (computer science) , construct (python library) , balance (ability) , balanced budget , computer science , risk analysis (engineering) , work (physics) , management science , operations research , economics , business , engineering , political science , law , medicine , mechanical engineering , algorithm , politics , physical medicine and rehabilitation , programming language
Studies of state fiscal and budgetary policies often use balanced budget requirements (BBRs) as explanatory variables. While current measures laid the crucial groundwork for a basic understanding of state BBRs, their lack of comprehensiveness threatens the validity of empirical work. Based on comprehensive legal research, this article offers a framework for analyzing state requirements: each state's BBRs form a coherent system for achieving budget balance through budget cycles; a fully developed BBR system offers a three‐line construct against imbalance; and the more complete, developed, and explicit a BBR system is, the more stringent it will be in achieving budgetary balance.