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The Fiscal Behavior of State and Local Governments presents, in one
authoritative volume, Harvey Rosen's considerable contribution to
the field of sub-federal public finance in the United States. He
investigates how state and locality spending and taxing decisions
are influenced by the economic environment in which they operate.
This important book begins by examining the fiscal structures of
states and localities. The analyses augment traditional models with
new economic and political considerations. Rosen investigates the
effect of tax structure on the growth of expenditure, the influence
of the level of expenditure of neighbouring governments, and the
impact of the federal income tax on the fiscal structure of state
and local governments. He also employs the tools of modern dynamic
analysis to shed new light on state and local behaviour in an
intertemporal setting, using both panel and aggregate data. In
addition, he discusses the problems involved in characterizing
state tax structure. Finally, he explores a number of
methodological issues relating to the theory and econometrics of
tax analysis. This book will prove invaluable to economists who
specialise in public finance, political economy and public policy.
Sehr erfolgreiches finanzwissenschaftliches Lehrwerk. Band II wird
vorerst nicht erscheinen.
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