TY  - JOUR
AB  - 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.
VL  - 27
IS  - 4
SN  - 1096-3367
DO  - 10.1108/JPBAFM-27-04-2015-B001
UR  - https://doi.org/10.1108/JPBAFM-27-04-2015-B001
AU  - Kim Soojin
AU  - Wang Qiushi
PY  - 2015
Y1  - 2015/01/01
TI  - State budget periodicity and general expenditure volatility: an empirical analysis
T2  - Journal of Public Budgeting, Accounting & Financial Management
PB  - Emerald Publishing Limited
SP  - 419
EP  - 454
Y2  - 2024/04/25
ER  -