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- W2069069445 abstract "This study examines the time series dynamics between US aggregate state and local government receipts and expenditures in differentiating between four hypotheses related to the revenue-expenditure nexus: tax-spend, spend-tax, fiscal synchronization and institutional separation hypotheses. Unlike previous research at the state and local level, the possibility of asymmetries in the budgetary process is explored using the threshold autoregressive (TAR) and momentum threshold autoregressive (MTAR) cointegration framework of Enders and Siklos (2001 Enders, W. and Siklos, P. 2001. Cointegration and threshold adjustment. Journal of Business & Economic Statistics, 19: 304–11. [Taylor & Francis Online], [Web of Science ®] , [Google Scholar]). The results indicate the absence of any asymmetries (TAR or MTAR) in the adjustment towards budgetary equilibrium. The symmetric error correction model provides support for the spend-tax hypothesis." @default.
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- W2069069445 title "Asymmetric modelling of the revenue-expenditure nexus: evidence from aggregate state and local government in the US" @default.
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- W2069069445 doi "https://doi.org/10.1080/13504850701222095" @default.
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