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Sociology

University of Kentucky

Theses and Dissertations--Public Policy and Administration

Revenue Volatility

Publication Year

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Empirical Advances In The Study Of Revenue Diversification In The U.S. States, Cole E. Rakow Jan 2016

Empirical Advances In The Study Of Revenue Diversification In The U.S. States, Cole E. Rakow

Theses and Dissertations--Public Policy and Administration

This dissertation seeks to make significant progress in the quantitative study of public revenue diversification. In the past, this phenomenon has been studied in various and disparate contexts, using a variety of empirical methods. In particular, two different hypotheses, from different subfields of public finance, have been advanced. One of these perspectives, coming from political economy, holds that revenue diversification is a tool for opportunistic policymakers to artificially expand public revenues (and thus expenditures) for electoral gain. The other, from a public financial management tradition, holds that revenue diversification is a constructive management tool which facilitates greater revenue stability for …


To Produce Or To Buy? Exploring Determinants Of Local Government Privatization Decisions, Zhiwei Zhang Jan 2013

To Produce Or To Buy? Exploring Determinants Of Local Government Privatization Decisions, Zhiwei Zhang

Theses and Dissertations--Public Policy and Administration

The U.S. is experiencing the worst recession since the Great Depression. All levels of government have been hit really hard, this is especially apparent at the local level since services provided at the local level are woven into people’s daily life. Thus, how to “do more with less” is more urgent than ever before. The use of privatization came to surface as a sound solution for deficit-plagued governments as it is thought to be more cost effective and outperform the public sector in most cases. This dissertation contains two empirical chapters that examine determinants of privatization and specify the conditions …