Abstract
The cyclical performance of state economies is a topic of concern to state planners which is likely to be of increasing importance. The continuing effort of the federal government to shift the budget responsibility for a growing number of programs to the state level has created a new urgency to the importance of understanding state cycles. If some state economies are more cyclically sensitive than other state economies, it is likely the ability to absorb the increased funding requirements of transferred federal programs will not be uniform among the states. The purpose of this paper is to identify the responsiveness of state economies to the cyclical performance of the overall U.S. economy. The identification of this responsiveness should help state planners concerned with understanding the cyclical performance of state economies.
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
