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State Revenue Shortfalls

Author

Listed:
  • Bradley M. Braun
  • L. E. Johnson
  • Robert D. Ley

Abstract

. The budgetary alternatives available to and employed by states to deal with budgetary shortfalls in the early 1980's are examined. The study suggests it may be preferable for states to consider relaxing the self‐imposed requirements of an annually balanced budget. The basic conclusion is that policy makers should formulate a rule that considers the opportunity costs of their decisions.

Suggested Citation

  • Bradley M. Braun & L. E. Johnson & Robert D. Ley, 1993. "State Revenue Shortfalls," American Journal of Economics and Sociology, Wiley Blackwell, vol. 52(4), pages 385-397, October.
    • Handle: RePEc:bla:ajecsc:v:52:y:1993:i:4:p:385-397
    DOI: 10.1111/j.1536-7150.1993.tb02560.x
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    References listed on IDEAS

    as
    1. Rogers Ahlbrandt, 1973. "Efficiency in the provision of fire services," Public Choice, Springer, vol. 16(1), pages 1-15, September.
    2. Niskanen, William A, 1975. "Bureaucrats and Politicians," Journal of Law and Economics, University of Chicago Press, vol. 18(3), pages 617-643, December.
    3. Pescatrice, Donn R. & Trapani, John III, 1980. "The performance and objectives of public and private utilities operating in the United States," Journal of Public Economics, Elsevier, vol. 13(2), pages 259-276, April.
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    Cited by:

    1. Svetlana DODON, 2013. "Ways To Improve Conceptual Aspects Of Balancing The Budget," ECONOMY AND SOCIOLOGY: Theoretical and Scientifical Journal, Socionet;Complexul Editorial "INCE", issue 2, pages 125-133.
    2. Bradley Braun & Yasuji Otsuka, 1998. "The effects of economic conditions and tax structures on state tax revenue flow," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 4(3), pages 259-269, August.
    3. Yasuji Otsuka & Bradley M. Braun, 1999. "The Random Coefficient Approach for Estimating Tax Revenue Stability and Growth," Public Finance Review, , vol. 27(6), pages 665-676, November.

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