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Author: Adam Millsap
Publisher:
ISBN:
Category :
Languages : en
Pages : 15
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Book Description
In this paper we create an index that measures the growth of the 50 state governments and the District of Columbia's expenditures relative to the growth of their private sector economies. In a state where government expenditures grow faster than the private sector economy as a whole, the amount of resources the government controls increases over time. This can have a negative effect on economic growth in the long run, since economic growth is driven by resource use and innovations in the private sector. We use two measures to describe the size of state and local government: state and local government's contribution to Gross State Product (GSP) from the Bureau of Economic Analysis, and state and local direct general expenditures from the Census Annual Finance Survey. We then contrast these figures with private sector GSP, as measured by the BEA.
Author: Adam Millsap
Publisher:
ISBN:
Category :
Languages : en
Pages : 15
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Book Description
In this paper we create an index that measures the growth of the 50 state governments and the District of Columbia's expenditures relative to the growth of their private sector economies. In a state where government expenditures grow faster than the private sector economy as a whole, the amount of resources the government controls increases over time. This can have a negative effect on economic growth in the long run, since economic growth is driven by resource use and innovations in the private sector. We use two measures to describe the size of state and local government: state and local government's contribution to Gross State Product (GSP) from the Bureau of Economic Analysis, and state and local direct general expenditures from the Census Annual Finance Survey. We then contrast these figures with private sector GSP, as measured by the BEA.
Author: Richard K. Vedder
Publisher:
ISBN:
Category : Political Science
Languages : en
Pages : 40
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Book Description
Author: Jonathan Q. Morgan
Publisher: Unc School of Government
ISBN: 9781560116127
Category : Economic development
Languages : en
Pages : 21
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Book Description
This report discusses the findings from a mail survey of local government economic development activities that was sent to all 540 municipalities and 100 counties in North Carolina. An important part of the analysis examines whether cities and counties differ significantly in their economic development efforts and whether smaller jurisdictions employ different types of development strategies and tools than larger ones. The survey findings also highlight the barriers that local governments face in promoting economic development and identify important technical assistance needs and gaps in local capacity.
Author: Matthew John Higgins
Publisher:
ISBN:
Category :
Languages : en
Pages : 28
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Book Description
We use US county level data (3,058 observations) from 1970 to 1998 to explore the relationship between economic growth and the extent of government employment at three levels: Federal, state and local. We find that increases in federal, state and local government employments are all negatively associated with economic growth. We find no evidence that government is more efficient at lower levels. While we cannot separate out the productive and redistributive services of government, we document that the county-level income distribution became slightly more unequal from 1970 to 1998. For those who justify government activities in terms of equity concerns - perhaps even trading off economic growth for equity - the burden falls on them to show that the income distribution would have widened more in the absence of government activities. We conclude that a release of government-employed labor inputs to the private sector would be growth-enhancing.
Author: Richard K. Vedder
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 20
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Book Description
Author: Matthew John Higgins
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
We use US county level data (3,058 observations) from 1970 to 1998 to explore the relationship between economic growth and the extent of government employment at three levels: federal, state and local. We find that increases in federal, state and local government employments are all negatively associated with economic growth. We find no evidence that government is more efficient at more decentralized levels - and thus reject Oates' (1972) "decentralization theorem." Furthermore, while we cannot separate out the productive and redistributive services of government, we document that the county-level income distribution became slightly wider from 1970 to 1998. For those who justify government activities in terms of equity concerns - perhaps even trading off economic growth for equity - the burden falls on them to show that the income distribution would have widened significantly more in the absence of government activities. We conclude that a release of government-employed labor inputs to the private sector would be growth-enhancing.
Author: Peter K. Eisinger
Publisher: Univ of Wisconsin Press
ISBN: 9780299118747
Category : Business & Economics
Languages : en
Pages : 404
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Book Description
The Rise of the Entrepreneurial State charts the development of state and local government initiatives to influence the market and strengthen economic development policies. This trend marked a decisive break from governments' traditionally small role in the affairs of private industry that defined the relationship between the public and private sector for the first half of the twentieth century. The turn to state and local government intervention signaled a change in subnational politics that, in many ways, transcended partisan politics, regional distinctions ,and racial alliances. Eisinger's meticulous research uncovers state and local governments' transition from supply-side to demand-side strategies of market creation. He shows that, instead of relying solely on the supply-side strategies of tax breaks and other incentives to encourage business relocation, some governments promoted innovation and the creation of new business approaches.
Author: Richard H. Mattoon
Publisher:
ISBN:
Category : Government spending policy
Languages : en
Pages : 38
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Book Description
Author: Thomas E. Borcherding
Publisher: Durham, N.C. : Duke University Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 324
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Book Description
"Originally these essays were developed as papers given at the ... Workshop on Non-market Bureaucracy held at V.P.I.'s Center for the Study of Public Choice during the academic year 1972-73."
Author: D. Robinson
Publisher: Springer
ISBN: 1137317493
Category : Political Science
Languages : en
Pages : 311
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Book Description
This definitive work mixes case law, public policy, economic strategy, and examines the wide range of issues facing efforts to improve the American economy, to illustrate how economic growth is driven through strong public-private partnerships, and how successful growth strategies from the state and local level operate to grow jobs.
