A Note on Revenue Forecasting During the Dukakis Administration / Daniel R. Feenberg, Harvey S. Rosen.

Format:

Book

Author/Creator:

Feenberg, Daniel R.

Contributor:

National Bureau of Economic Research.

Rosen, Harvey S.

Series:

Working Paper Series (National Bureau of Economic Research) no. w2667.

NBER working paper series no. w2667

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1988.

Summary:

Critics of Governor Michael Dukakis have suggested that this year?s $400 million overestimate of tax revenues in Massachusetts casts doubt on his putative managerial skills. In this paper, we carefully examine the entire Dukakis forecasting record. We find that the 1988 experience was "unusual? in the sense that on average, revenue forecasts produced by his administration have been too low rather than too high. In addition, we find that there is no significant difference between the quality of the Dukakis forecasts and those of his predecessors in Massachusetts. Hence, those who seek to discover anything extraordinarily positive or negative about Dukakis? managerial capabilities should shift their attention to skills other than revenue forecasting.

Notes:

Print version record

July 1988.