Replication data for: Late Budgets

Principal Investigator(s):  View help for Principal Investigator(s) Asger Lau Andersen; David Dreyer Lassen; Lasse Holbøll Westh Nielsen

Version:  View help for Version V1

Name File Type Size Last Modified
  20100229_data 10/26/2021 11:47:AM
LICENSE.txt text/plain 14.6 KB 10/13/2019 03:18:AM

Project Citation: 

Andersen, Asger Lau, Lassen, David Dreyer, and Nielsen, Lasse Holbøll Westh. Replication data for: Late Budgets. Nashville, TN: American Economic Association [publisher], 2012. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-13. https://doi.org/10.3886/E114801V1

Project Description

Summary:  View help for Summary The budget forms the legal basis for government spending, and timely budgets, enacted before the new fiscal year, are an integral part of good governance. This paper examines the causes of late budgets using a unique dataset of budget completion dates for US state governments 1988-2007, constructed from news reports and state budget office surveys. We find 23 percent of state budgets to be late. We show that changing economic circumstances and divided government are the driving forces behind late budgets, which is consistent with a war-of-attrition bargaining model featuring budget baselines and preferences over deviations from such baselines. (JEL C78, D72, H61, H72)

Scope of Project

Subject Terms:  View help for Subject Terms divided government; bargaining; state budgets; Budget delays; legislative gridlock; reference dependence
JEL Classification:  View help for JEL Classification
      C78 Bargaining Theory; Matching Theory
      D72 Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
      H61 National Budget; Budget Systems
      H72 State and Local Budget and Expenditures
Geographic Coverage:  View help for Geographic Coverage United States
Time Period(s):  View help for Time Period(s) 1988 – 2007
Universe:  View help for Universe U.S. state government budget cycles
Data Type(s):  View help for Data Type(s) survey data; text; observational data; aggregate data

Methodology

Data Source:  View help for Data Source News articles, state legislature websites, survey

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Published Versions

V1 [2019-10-13]

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