State Revenue Shortfalls - Budget Restraints And Policy Alternatives

    Authors

    B. M. Braun; L. E. Johnson;R. D. Ley

    Comments

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    Abbreviated Journal Title

    Am. J. Econ. Sociol.

    Keywords

    Economics; Sociology

    Abstract

    The budgetary alternatives available to and employed by states to deal with budgetary shortfalls in the early 1980's are examined. The study suggests it may be preferable for states to consider relaxing the self-imposed requirements of an annually balanced budget. The basic conclusion is that policy makers should formulate a rule that considers the opportunity costs of their decisions.

    Journal Title

    American Journal of Economics and Sociology

    Volume

    52

    Issue/Number

    4

    Publication Date

    1-1-1993

    Document Type

    Article

    Language

    English

    First Page

    385

    Last Page

    397

    WOS Identifier

    WOS:A1993MA19900001

    ISSN

    0002-9246

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