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A Note on Revenue Forecasting During the Dukakis Administration

Author: Harvey S Rosen; Daniel R Feenberg; National Bureau of Economic Research.
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 1988.
Series: Working paper series (National Bureau of Economic Research), no. w2667.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
Critics of Governor Michael Dukakis have suggested that this year?s $400 million overestimate of tax revenues in Massachusetts casts doubt on his putative managerial skills. In this paper, we carefully examine the entire Dukakis forecasting record. We find that the 1988 experience was "unusual? in the sense that on average, revenue forecasts produced by his administration have been too low rather than too high. In  Read more...
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Additional Physical Format: Print version:
Feenberg, Daniel.
Note on revenue forecasting during the Dukakis administrations.
Cambridge, MA : National Bureau of Economic Research, [1988]
(OCoLC)18435208
Named Person: Michael S Dukakis; Michael S Dukakis
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Harvey S Rosen; Daniel R Feenberg; National Bureau of Economic Research.
OCLC Number: 756572134
Description: 1 online resource.
Series Title: Working paper series (National Bureau of Economic Research), no. w2667.
Responsibility: Daniel R. Feenberg, Harvey S. Rosen.

Abstract:

Critics of Governor Michael Dukakis have suggested that this year?s $400 million overestimate of tax revenues in Massachusetts casts doubt on his putative managerial skills. In this paper, we carefully examine the entire Dukakis forecasting record. We find that the 1988 experience was "unusual? in the sense that on average, revenue forecasts produced by his administration have been too low rather than too high. In addition, we find that there is no significant difference between the quality of the Dukakis forecasts and those of his predecessors in Massachusetts. Hence, those who seek to discover anything extraordinarily positive or negative about Dukakis? managerial capabilities should shift their attention to skills other than revenue forecasting.

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