The Causal Relationship Between Tax Revenues and Expenditures: Evidence from New York State

Rebecca Glover, Xueming Luo and Mojtaba Seyedian

New York Economic Review, 2002, vol. 33, issue 1, 61-66

Abstract: As smaller state budgets become popular among voters, a better understanding of the factors affecting budget balances becomes imperative. This paper tries to shed some light on the issue by analyzing New York State budget data. The results of a Granger-Causality test in conjunction with variance decomposition techniques show that tax revenues, as opposed to expenditures, are the leading factor in creating bigger budgets in New York.

Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:nye:nyervw:v:33:y:2002:i:1:p:61-66

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