Bulletin n. 2-3/2012
October 2012-February 2013
CONTENTS
  • Section A) The theory and practise of the federal states and multi-level systems of government
  • Section B) Global governance and international organizations
  • Section C) Regional integration processes
  • Section D) Federalism as a political idea
    • Bae Suho , Moon, Seong-gin, Jung Changhoon
    Economic Effects of State-Level Tax and Expenditure Limitations
    in Public Administration Review , Volume 72, Issue 5 ,  2012 ,  649-658
    As a result of devolution, state governments have taken on greater responsibility for financing and providing public services. Increasingly, states have adopted state-level tax and expenditure limitations (TELs) to manage the growth and size of state budgets. The adoption of TELs is supported by claims that they have a positive effect on state economies, although such claims lack empirical evidence and have been contested by several scholars. Despite the ongoing debate about validating the actual economic effects of state-level TELs, there is a lack of empirical assessments of their effects. The empirical results of this article indicate that the presence of state-level TELs has a negative effect on the level of employment but no effect on the state's personal income per capita. The presence of state-level TELs has no effect on either the growth of personal income per capita or the growth of employment.
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