Cross-sectional data are used to assess the effect of state-level economic conditions on state outcomes in the 1992 presidential election. The analysis provides evidence on the role of macroeconomic variables in models of national election outcomes and presents simulations to determine whether...

Recent legislation has reduced federal tax rates and provided for indexation of the personal income tax against inflation. These changes are in part designed to reduce the relative size of government in the U.S. economy. Testing assump tions behind this proposition, this article examines the...

This article reviews previous empirical analyses of the relation between economic growth and volatility for regional and state economies. Gross state product data are used to document the extent to which slower overall growth and deindustrialization occurred during the past three decades in the...

This article provides new evidence concerning the effect on private investment of allocating resources to public consumption and investment. An autoregressive distributed lag model developed for cointegration-error correction analysis is estimated using data for the U.S. public sector for...

The objective of this article is to provide evidence about the effectiveness of drug law enforcement as a tool for reducing other types of crime. Considerable resources are devoted to enforcing our nation's drug laws, but existing research suggests that intensifying drug law enforcement may...