State Budget Periodicity and General Expenditure Volatility: An Empirical Analysis

State Budget Periodicity and General Expenditure Volatility: An Empirical Analysis

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 expenditu...

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Main Authors: Kim, Soojin, Wang, Qiushi
Other Authors: School of Humanities and Social Sciences
Format: Article
Language:English
Published: 2017
Subjects:
Budget
Expenditure
Online Access:https://hdl.handle.net/10356/82595
http://hdl.handle.net/10220/42713
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
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Institution: Nanyang Technological University
Language: English
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spelling sg-ntu-dr.10356-825952019-12-06T14:58:39Z State Budget Periodicity and General Expenditure Volatility: An Empirical Analysis Kim, Soojin Wang, Qiushi School of Humanities and Social Sciences Budget Expenditure 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. Published version 2017-06-15T07:54:42Z 2019-12-06T14:58:39Z 2017-06-15T07:54:42Z 2019-12-06T14:58:39Z 2015 2015 Journal Article 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. 1096-3367 https://hdl.handle.net/10356/82595 http://hdl.handle.net/10220/42713 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 189436 en Journal of Public Budgeting, Accounting & Financial Management © 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. 36 p. application/pdf
institution Nanyang Technological University
building NTU Library
country Singapore
collection DR-NTU
language English
topic Budget
Expenditure
spellingShingle Budget
Expenditure
Kim, Soojin
Wang, Qiushi
State Budget Periodicity and General Expenditure Volatility: An Empirical Analysis
description 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.
author2 School of Humanities and Social Sciences
author_facet School of Humanities and Social Sciences
Kim, Soojin
Wang, Qiushi
format Article
author Kim, Soojin
Wang, Qiushi
author_sort Kim, Soojin
title State Budget Periodicity and General Expenditure Volatility: An Empirical Analysis
title_short State Budget Periodicity and General Expenditure Volatility: An Empirical Analysis
title_full State Budget Periodicity and General Expenditure Volatility: An Empirical Analysis
title_fullStr State Budget Periodicity and General Expenditure Volatility: An Empirical Analysis
title_full_unstemmed State Budget Periodicity and General Expenditure Volatility: An Empirical Analysis
title_sort state budget periodicity and general expenditure volatility: an empirical analysis
publishDate 2017
url https://hdl.handle.net/10356/82595
http://hdl.handle.net/10220/42713
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
_version_ 1681049174876880896

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