Do State and Local Taxes Affect Economic Growth?
检验州和地方政府的支出结构差异能否解释以往税收研究的不一致结果，发现税收对制造业净投资和就业有负面影响，而健康、教育等支出增加则无此效应。
This paper tests if variations in the treatment of expenditures by state and local governments are an explanation for the inconsistent results of previous tax studies. Estimates for net investment and employment in manufacturing for 1962-82 support this conjecture, indicating that state and local taxes have a negative effect when the revenues are devoted to transfer-payment programs and that (with taxes held constant) increases in expenditures on health, education, consistent with the vicious circle phenomenon, do not appear simply to reflect common cyclical movements, and provide evidence of structural linkages implicit in previous results for growth in state personal income. Copyright 1990 by MIT Press.