Response of State Government Receipts to Economic Fluctuations and the Allocation of Counter-Cyclical Revenue Sharing Grants.

摘要

This paper estimates the responsiveness of receipts of 49 state governments to fluctuations in economic activity. The concluding sections use these estimates to evaluate the allocation of counter-cyclical revenue sharing grants among states and make some suggestions for improvements in the allocating formula.... Allocations, Cycles, Econometrics, Economics, Grants, Local government, State government, Revenue sharing, Unemployment.