JOURNAL ARTICLE
Budget Volatility and Economic Base Composition in Local Governments
- Title:
- Budget Volatility and Economic Base Composition in Local Governments
- Authors:
- Overton, Michael Bland, Robert
- Year:
- 2022
- Output Type:
- Journal Article
- Venue:
- Municipal Finance Journal
- Venue Type:
- Peer-reviewed journal
- Status:
- Published
- Theme:
- Municipal Finance and Budgeting
- Sub-theme:
- Economic Development
- Abstract:
- Budget volatility—the difference between expected and actual revenues and expenditures—is a critical component to sustaining a local government’s fiscal health. Although scholars have examined many determinants of budget volatility, less understood is the effect of a local government’s economy—the composition of its economic base—on budget volatility. To fill this gap, this article uses panel data methods to test the impact of a city’s economic base on budget volatility. The results suggest that industrial diversification has no impact on budget stability but that certain industrial clusters do generally promote budget stability.
- Topics:
- Budget volatility Economic base Municipal finance
- OpenAlex ID:
- W7106035014
- Full Citation:
- Overton, Michael, and Robert Bland. (2022). "Budget Volatility and Economic Base Composition in Local Governments." Municipal Finance Journal, 43 (1), 1-23.
Cite this work
Published
Reference
Overton, Michael; Bland, Robert (2022). Budget Volatility and Economic Base Composition in Local Governments. Municipal Finance Journal.
@article{overton2022_budget_volatility_and_ec,
title = {Budget Volatility and Economic Base Composition in Local Governments},
author = { Overton, Michael and Bland, Robert },
year = {2022},
journal = {Municipal Finance Journal},
url = {https://www.michaeloverton.net/research/items/budget_volatility_and_economic_base_composition_in_local_gov.html}
}