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Those states that have recovered revenue lost during the great recession have done so due to factors largely beyond their control

Alm, James and Sjoquist, David L. (2014) Those states that have recovered revenue lost during the great recession have done so due to factors largely beyond their control. USApp– American Politics and Policy Blog (06 Nov 2014). Blog Entry.

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Abstract

The Great Recession of 2007-2009 meant a large hit to the revenues of U.S. states. Now, more than five years later, revenues in most of these states have recovered. But what has fuelled this recovery? Using data from across all 50 states, James Alm and David L. Sjoquist find that internal factors – such as the state’s economy, taxes, demographics, politics and policy – have had little or no effect on its revenue recovery. They argue that their results show that trends in state government revenues are largely influenced by broader, national, economic trends beyond the control of state governments.

Item Type: Website (Blog Entry)
Official URL: http://blogs.lse.ac.uk/usappblog/
Additional Information: © 2014 The Authors, USApp– American Politics and Policy Blog, The London School of Economics and Political Science
Subjects: H Social Sciences > HC Economic History and Conditions
Sets: Collections > LSE American Politics and Policy (USAPP) Blog
Date Deposited: 03 Dec 2014 15:57
Last Modified: 03 Dec 2014 16:11
URI: http://eprints.lse.ac.uk/id/eprint/60432

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