Fiscal Effects of the Voter Initiative in the First Half of the Twentieth Century
Posted: 20 Jun 2000
Abstract
This paper compares the fiscal policy of initiative and non-initiative states in the first half of the 20th century. States with initiatives had higher combined state and local expenditure after controlling for income and other demographics, but a lower ratio of state to local expenditure. This, together with existing evidence from later in the century, suggests that the voter initiative does not have a consistent effect on the overall size to state and local government. However, it does systematically lead to more decentralized expenditure.
JEL Classification: H71, H73, N00
Suggested Citation: Suggested Citation
Matsusaka, John G., Fiscal Effects of the Voter Initiative in the First Half of the Twentieth Century. Available at SSRN: https://ssrn.com/abstract=231775
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