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A Note on Revenue Forecasting During the Dukakis Administration

Autor: Harvey S Rosen; Daniel R Feenberg; National Bureau of Economic Research.
Editora: Cambridge, Mass. : National Bureau of Economic Research, 1988.
Séries: Working paper series (National Bureau of Economic Research), no. w2667.
Edição/Formato   e-book : Documento : InglêsVer todas as edições e formatos
Base de Dados:WorldCat
Resumo:
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  Ler mais...
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Formato Físico Adicional: Print version:
Feenberg, Daniel.
Note on revenue forecasting during the Dukakis administrations.
Cambridge, MA : National Bureau of Economic Research, [1988]
(OCoLC)18435208
Pessoa Denominada: Michael S Dukakis; Michael S Dukakis
Tipo de Material: Documento, Recurso Internet
Tipo de Documento: Recurso Internet, Arquivo de Computador
Todos os Autores / Contribuintes: Harvey S Rosen; Daniel R Feenberg; National Bureau of Economic Research.
Número OCLC: 756572134
Descrição: 1 online resource.
Título da Série: Working paper series (National Bureau of Economic Research), no. w2667.
Responsabilidade: Daniel R. Feenberg, Harvey S. Rosen.

Resumo:

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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