We focus on the impact of statutory and constitutional Tax and Expenditure Limits (TELs) on growth levels and rates of convergence. Using a panel of US state data from 1987 to 2004, we report a family of neoclassical growth models. Using simple dummy variables to identify states with and without...

In this study, we examine the role of microenterprises in US economic growth. Using a panel of the 48 lower US states from 1977 to 1997, we estimate an expanded Carlino-Mills type model of growth. Microenterprises are defined as having between one and four employees. Results suggest that a...

In this note we use a variable parameter model to test for asymmetries in the treatment of intergovernmental aid. The central question is whether local government officials treat intergovernmental aid differently during periods of aid certainty and uncertainty. We find evidence of fiscal...