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Preliminary communication
https://doi.org/10.3326/pse.43.3.3

The behavior of U.S. States’ debts and deficits

Maria Cornachione Kula ; Gabelli School of Business, Roger Williams University, Bristol, USA

Fulltext: english, pdf (610 KB) pages 267-289 downloads: 167* cite
APA 6th Edition
Cornachione Kula, M. (2019). The behavior of U.S. States’ debts and deficits. Public Sector Economics, 43 (3), 267-289. https://doi.org/10.3326/pse.43.3.3
MLA 8th Edition
Cornachione Kula, Maria. "The behavior of U.S. States’ debts and deficits." Public Sector Economics, vol. 43, no. 3, 2019, pp. 267-289. https://doi.org/10.3326/pse.43.3.3. Accessed 22 Oct. 2020.
Chicago 17th Edition
Cornachione Kula, Maria. "The behavior of U.S. States’ debts and deficits." Public Sector Economics 43, no. 3 (2019): 267-289. https://doi.org/10.3326/pse.43.3.3
Harvard
Cornachione Kula, M. (2019). 'The behavior of U.S. States’ debts and deficits', Public Sector Economics, 43(3), pp. 267-289. https://doi.org/10.3326/pse.43.3.3
Vancouver
Cornachione Kula M. The behavior of U.S. States’ debts and deficits. Public Sector Economics [Internet]. 2019 [cited 2020 October 22];43(3):267-289. https://doi.org/10.3326/pse.43.3.3
IEEE
M. Cornachione Kula, "The behavior of U.S. States’ debts and deficits", Public Sector Economics, vol.43, no. 3, pp. 267-289, 2019. [Online]. https://doi.org/10.3326/pse.43.3.3

Abstracts
Do governments satisfy an intertemporal budget constraint? This paper uses a panel of U.S. state data from 1978-1998 to empirically investigate whether primary surpluses respond to rising debt/GDP ratios. Instead of relying solely on the time-series characteristics of various data series, the paper focuses on the response of primary surpluses when cyclical fluctuations in output and government spending are explicitly considered. Results suggest no surplus response to the accumulation of debt, whether or not cyclical fluctuations are controlled for, in contrast to similar studies done using U.S. federal government data.

Keywords
fiscal policy; fiscal sustainability; public debt; budget deficits

Hrčak ID: 225237

URI
https://hrcak.srce.hr/225237

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