Files
Abstract
With changing revenue and service responsibilities between
federal, state and local governments, the need for local decisionmakers
to accurately assess fiscal impacts of new economic devel -
opments or federal government programs has become increasingly
important. In this paper we explore the use of cross-sectional data
and procedures to derive a fiscal impact model that crosses state
boundaries. This study uses BEA Economic Areas to select counties
to be included in the Great Basin fiscal impact model. Fixed effects
are specified to incorporate institutional differences between states
and metropolitan counties. Results of this analysis indicate that
model derivation is not statistically impacted by use of place of work
employment rather than place of residence employment. An example
analysis for a rural Nevada county shows how the Great Basin
fiscal model can be applied to measure changes in county fiscal balances.