One of the most common features of regional econometric models is the specification of national variables as exogenous to the regional model. Often these variables appear as distributed lags in the structural equations. Concepts and tests for statistical causality can be used to determine...

Circuit-breaker (C-B) legislation is legislation designed to give property tax relief to the elderly under formulas that involve state financing of the burden of tax loss, rather than letting it rest on local governments. At least 24 states have adopted such legislation in the past few years and...