Coughlin, Cletus C.; Garrett, Thomas A.; … - Federal Reserve Bank of St. Louis - 2006
We apply spatial econometric techniques to models of state and local fiscal policy convergence. Total tax revenue and … expenditures, as well as broad tax and expenditure categories, of state and local governments in each of the 48 contiguous U … been converging and exhibit spatial dependence. A more specific interpretation of our general spatial results is that the …