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Replication data for: US State Fiscal Policy and Natural Resources

Version
1
Resource Type
Dataset
Creator
  • James, Alexander
Publication Date
2015-08-01
Description
  • Abstract

    An analytical framework predicts that, in response to an exogenous increase in resource-based government revenue, a benevolent government will partially substitute away from taxing income, increase spending and save. Fifty-one years of US-state level data are largely consistent with this theory. A baseline fixed effects model predicts that a $1.00 increase in resource revenue results in a $0.25 decrease in nonresource revenue, a $0.43 increase in spending and a $0.32 increase in savings. Instrumenting for resource revenue reveals that a positive revenue shock is largely saved and the rest is transferred back to residents in the form of lower non resource tax rates. (JEL H71, H72, H76, Q38, R11)
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/pol.20130211 (Text)
Publications
  • James, Alexander. “US State Fiscal Policy and Natural Resources.” American Economic Journal: Economic Policy 7, no. 3 (August 2015): 238–57. https://doi.org/10.1257/pol.20130211.
    • ID: 10.1257/pol.20130211 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-13

James, Alexander (2015): Replication data for: US State Fiscal Policy and Natural Resources. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E114577V1