Date of Award:
5-1973
Document Type:
Thesis
Degree Name:
Master of Science (MS)
Department:
Economics and Finance
Department name when degree awarded
Economics
Committee Chair(s)
O. William Asplund
Committee
O. William Asplund
Committee
Cris Lewis
Committee
Bartell Jensen
Abstract
The purpose of this paper was to determine the economic, sociopolitical, and other related factors which account for the variation in state expenditures across time. Utah was selected as the test state and data were collected from school records, political rosters, employment statistics, and a variety of federal government documents. Particular emphasis was placed on three areas: the cause-effect relationships between variables, relating the model to a body of economic theory, and demonstrating how the model may be applied in forecasting state expenditure needs.
Supply-and-demand analysis was the underlying economic theory. A simultaneous-equation model consisting of four equations--demand for state expenditures, supply of state expenditures, federal grants to states, and an equilibrium condition--was constructed and tested . The paper also discusses the problems of serial correlation and mulli-collinearity.
Checksum
f9ffe9ac31db860e124d1f3491329fa5
Recommended Citation
Lewis, William Darrell, "State Expenditures in Utah: An Analysis of Time-Series Models" (1973). All Graduate Theses and Dissertations, Spring 1920 to Summer 2023. 3159.
https://digitalcommons.usu.edu/etd/3159
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