Title

State Revenue Shortfalls: Budget Restraints And Policy Alternatives

Abstract

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. Copyright © 1993, Wiley Blackwell. All rights reserved

Publication Date

1-1-1993

Publication Title

American Journal of Economics and Sociology

Volume

52

Issue

4

Number of Pages

385-397

Document Type

Article

Identifier

scopus

Personal Identifier

scopus

DOI Link

https://doi.org/10.1111/j.1536-7150.1993.tb02560.x

Socpus ID

21344489471 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/21344489471

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