publication . Article . Preprint . 2014

State Government Revenue Recovery from the Great Recession

James Alm; David L. Sjoquist;
Open Access
  • Published: 01 Aug 2014 Journal: State and Local Government Review, volume 46, pages 164-172 (issn: 0160-323X, eissn: 1943-3409, Copyright policy)
  • Publisher: SAGE Publications
Abstract
The "Great Recession" lasted from December 2007 to June 2009, and it wreaked havoc on the revenues of state (and local) governments. While the U.S. economy has improved since the end of the Great Recession, state government revenues have in most cases still not completely recovered. We use various indicators to measure how different states have -- or have not -- recovered in the aftermath of the Great Recession, and we also attempt to explain why these different patterns of recovery have emerged. Overall, we find that some, but far from all, state governments have recovered the revenue they lost during the Great Recession. We also find that there is no single ca...
Subjects
Medical Subject Headings: genetic structureseye diseasessense organshuman activities
free text keywords: recession, state government finance, local government finance, Recession, media_common.quotation_subject, media_common, Global recession, Revenue, Economic policy, Market economy, State government, Economics, Public administration, Great recession, jel:H12, jel:H20, jel:H71
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