THE RESPONSE OF STATE GOVERNMENT RECEIPTS TO ECONOMIC FLUCTUATIONS AND THE ALLOCATION OF COUNTER-CYCLICAL REVENUE SHARING GRANTS
Published Date: February 1, 1981
This paper estimates the responsiveness of receipts of 49 state governments to fluctuations in economic activity. The concluding sections uses these estimates to evaluate the allocation of counter-cyclical revenue sharing grants among states and makes some suggestions for improvements in the allocating formula.
