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The Whitman administration’s 30% reduction in New Jersey’s personal income taxes from 1994 to 1996 is prominently cited as a role model for state fiscal policy. The authors investigate whether the growth benefits attributed to the Whitman tax cuts are warranted. Panel data methods are...
Persistent link: https://www.econbiz.de/10010552650
This study replicates the empirical findings of Toya and Skidmore (2007), henceforth TS, and performs a variety of robustness checks. Using an extensive data set of international disasters, TS report that a number of economic development variables are significantly related to mitigation of...
Persistent link: https://www.econbiz.de/10011161081
Tax Burden, defined as the ratio of total tax revenues over personal income, is frequently used to measure state tax policy. The authors analyze the empirical relationship between changes in Tax Burden and changes in tax policies from 1987 to 2000 using states’ forecasts of revenue...
Persistent link: https://www.econbiz.de/10011135539