打印

作者

来源

REGIONAL SCIENCE AND URBAN ECONOMICS,Vol.68,P.46-55

语言

英文

关键字

Fiscal austerity; State taxes; Synthetic control method; SYNTHETIC CONTROL METHOD; POLITICS; OUTCOMES; PROGRAM; GROWTH; POLICY; JOBS

作者单位

[Rickman, Dan S.] Oklahoma State Univ, Dept Econ & Legal Studies Business, 338 Business Bldg, Stillwater, OK 74078 USA. [Wang, Hongbo] Oklahoma State Univ, Dept Econ & Legal Studies Business, 410B Business Bldg, Stillwater, OK 74078 USA. Rickman, DS (reprint author), Oklahoma State Univ, Dept Econ & Legal Studies Business, 338 Business Bldg, Stillwater, OK 74078 USA. E-Mail: dan.rickman@okstate.edu; hongbo.wang@okstate.edu

摘要

The recent fiscal austerity experiments undertaken in the states of Kansas and Wisconsin have generated considerable policy interest. Using a variety of identification approaches within a difference-in-differences framework and examining a wide range of economic indicators, this paper assesses whether the experiments have spurred growth in the states as promised by the governors and legislatures which enacted them into law. The overall conclusion from the paper is that the fiscal experiments did not spur growth, and if anything harmed state economic performance. Among the identification approaches used, the synthetic control method (Abadie and Gardeazabal, 2003; Abadie et al., 2010) is demonstrated to provide the most compelling evidence.