Evaluating State Tax Revenue Variability: A Portfolio Approach
FRB of St. Louis Working Paper No. 2006-008A
10 Pages Posted: 8 Feb 2006
Date Written: February 2006
Abstract
State revenue variability is evaluated using a volatility model rooted in portfolio theory. The model evaluates how closely a state's revenue portfolio is constructed to minimize variability in total state tax revenue. The model complements parametric methods of revenue variability.
Keywords: state revenue, variability, portfolio, taxes
JEL Classification: H71, G11
Suggested Citation: Suggested Citation
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