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Volatile states : institutions, policy, and the performance of American state economies

Author: W Mark Crain
Publisher: Ann Arbor : University of Michigan Press, ©2003.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
"Why do American state economies grow at such vastly different rates and manifest such wide differences in living standards? Volatile States identifies the sources of rising living standards by examining the recent economic and fiscal history of the American states. Delving deeply into the historical data to provide new insights about the factors that contribute to state economic success, the book departs from  Read more...
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Additional Physical Format: Online version:
Crain, W. Mark.
Volatile states.
Ann Arbor : University of Michigan Press, ©2003
(OCoLC)648669179
Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: W Mark Crain
ISBN: 0472113038 9780472113033
OCLC Number: 50291054
Description: xiv, 166 pages : illustrations ; 24 cm
Contents: Champions of the state growth league --The end of state income convergence --
Volatile states: estimates of the risk-return trade-off --
Demise of the state sales tax --
Economic consequences of state tax policy --
Reliability of revenues from alternative tax instruments --
State budgets outgrow state incomes --
Fiscal uncertainty --
Political ideology and other drivers of state budget priorities --
Fresh perspectives on familiar problems.
Responsibility: W. Mark Crain.
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New research reevaluates the disparities in economic growth and living standards among American states  Read more...

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"In the vast and vigorous field of economic growth, Volatile States is the greatest of rarities: a book with a genuinely new idea. Crain provides important new perspectives on economic performance Read more...

 
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