The Intertemporal Relationship between State and Local Government Revenues and Expenditures: Evidence from OECD Countries

David Joulfaian () and Rajen Mookerjee

Public Finance = Finances publiques, 1990, vol. 45, issue 1, 109-17

Abstract: This paper addresses the intertemporal relationship between state and local government revenues and expenditures in sixteen OECD countries. The results support both the spend-and-tax hypothesis and the tax-and-spend hypothesis. The results also highlight the importance of controlling for the effects of grants in bivariate causality tests between revenues and expenditures at the sub- national level. The paper also provides a comparison of the intertemporal relationship between government revenues and expenditures at the central and subnational levels.

Date: 1990
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Citations: View citations in EconPapers (18)

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Persistent link: https://EconPapers.repec.org/RePEc:pfi:pubfin:v:45:y:1990:i:1:p:109-17

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