000243954 001__ 243954
000243954 005__ 20181128180705.0
000243954 037__ $$a1100-2016-90111
000243954 037__ $$a1100-2016-90206
000243954 041__ $$aen_US
000243954 245__ $$aModeling the Louisiana Local Government Fiscal Module in a Disequilibrium Environment: A Modified COMPAS Model Approach
000243954 260__ $$c2013
000243954 269__ $$a2013
000243954 336__ $$aJournal Article
000243954 520__ $$aAbstract. The objective of this study is to assess and measure the relative forecasting performance
of local government expenditures in Community Policy Analysis Models (COMPAS) during periods of 
supply/demand disequilibrium. We evaluate whether a fiscal module under the COMPAS framework (an 
equilibrium model) fits better under a disequilibrium economic en- vironment. We find that both a 
simple naïve model with one year lagged expenditure and a lagged expenditure model with revenue 
capacity variables significantly increased forecasting performance relative to the traditional 
supply/demand equilibrium model of the public sec- tor. We also found weak evidence suggesting that 
in cases where the equilibrium model is used in a cross-sectional setting, quantile regression may 
improve forecasting performance given the heterogeneity in the quantity and quality of preferences 
in public services.
000243954 542__ $$fLicense granted by Linda Eells (lle@umn.edu) on 2016-08-15T18:34:11Z (GMT):

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000243954 650__ $$aConsumer/Household Economics
000243954 650__ $$aPublic Economics
000243954 700__ $$aAdhikari, Arun
000243954 700__ $$aFannin, J. Matthew
000243954 773__ $$d2013$$j 43$$k 2$$o156$$q138$$tJournal of Regional Analysis and Policy
000243954 8564_ $$s719905$$uhttp://ageconsearch.umn.edu/record/243954/files/v43_n2_a4_adhikari_fannin.pdf
000243954 887__ $$ahttp://purl.umn.edu/243954
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000243954 912__ $$nSubmitted by Linda Eells (lle@umn.edu) on 2016-08-15T18:35:34Z
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  Previous issue date: 2013
000243954 982__ $$gJournal of Regional Analysis and Policy>Volume 43, Issue 2, 2013
000243954 980__ $$a1100