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
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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:
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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:
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divided government;
bargaining;
state budgets;
Budget delays;
legislative gridlock;
reference dependence
JEL Classification:
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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
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:
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United States
Time Period(s):
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1988 – 2007
Universe:
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U.S. state government budget cycles
Data Type(s):
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survey data;
text;
observational data;
aggregate data
Methodology
Data Source:
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News articles, state legislature websites, survey
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