Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/82595
Title: State Budget Periodicity and General Expenditure Volatility: An Empirical Analysis
Authors: Kim, Soojin
Wang, Qiushi
Keywords: Budget
Expenditure
Issue Date: 2015
Source: Kim, S., & Wang, Q. (2015). State Budget Periodicity and General Expenditure Volatility: An Empirical Analysis. Journal of Public Budgeting, Accounting & Financial Management, 27 (4), 419-454.
Series/Report no.: Journal of Public Budgeting, Accounting & Financial Management
Abstract: This article aims to examine empirically the relationship between budget periodicity and expenditure volatility in state governments. Using a large panel dataset for fifty states over the years 1960–2012, after controlling for institutional, economic, and political factors, we find general expenditure of biennial states has been significantly less volatile than that of annual states. The finding suggests that a choice between annual and biennial budget period can emerge as a feasible and effective countercyclical strategy to overcome fiscal difficulties in the short run and promote fiscal stability in the long run.
URI: https://hdl.handle.net/10356/82595
http://hdl.handle.net/10220/42713
URL: http://pracademics.com/index.php/jpbafm/292-jpbafm-years/jpbafm-2015/volume-27-number-4-winter-2015/1236-state-budget-periodicity-and-general-expenditure-volatility-an-empirical-analysis
ISSN: 1096-3367
Rights: © 2015 PrAcademics Press. This paper was published in Journal of Public Budgeting, Accounting & Financial Management and is made available as an electronic reprint (preprint) with permission of PrAcademics Press. The paper's official webpage is available at: http://pracademics.com/index.php/jpbafm/292-jpbafm-years/jpbafm-2015/volume-27-number-4-winter-2015/1236-state-budget-periodicity-and-general-expenditure-volatility-an-empirical-analysis. One print or electronic copy may be made for personal use only. Systematic or multiple reproduction, distribution to multiple locations via electronic or other means, duplication of any material in this paper for a fee or for commercial purposes, or modification of the content of the paper is prohibited and is subject to penalties under law.
Fulltext Permission: open
Fulltext Availability: With Fulltext
Appears in Collections:HSS Journal Articles

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