TY - JOUR
T1 - Paygo for punctuality
AU - Fowler, Luke
N1 - Publisher Copyright:
© 2016 by PrAcademics Press.
PY - 2016/6/1
Y1 - 2016/6/1
N2 - The federal budgeting process is wrought with conflict that makes it nearly impossible for the budget to be passed on time, or so it seems. One aspect overlooked is the effects of statutory Pay-As-You-Go (PAYGO) rules. The cursory evidence indicates PAYGO may be beneficial under certain circumstances. The analysis relies on an Autoregressive-Moving-Average (ARMA) time series model with data from appropriations bills signed into law from fiscal years 1994 to 2014. The findings indicate mixed effects for PAYGO statutes with a shorter budgeting timeline under the Budget Enforcement Act of 1990, but a longer timeline under the Statutory PAYGO Act of 2010. Additional findings suggest substantive relationships between the length of the budgeting process and party polarization, presidential leadership, and the economy.
AB - The federal budgeting process is wrought with conflict that makes it nearly impossible for the budget to be passed on time, or so it seems. One aspect overlooked is the effects of statutory Pay-As-You-Go (PAYGO) rules. The cursory evidence indicates PAYGO may be beneficial under certain circumstances. The analysis relies on an Autoregressive-Moving-Average (ARMA) time series model with data from appropriations bills signed into law from fiscal years 1994 to 2014. The findings indicate mixed effects for PAYGO statutes with a shorter budgeting timeline under the Budget Enforcement Act of 1990, but a longer timeline under the Statutory PAYGO Act of 2010. Additional findings suggest substantive relationships between the length of the budgeting process and party polarization, presidential leadership, and the economy.
UR - http://www.scopus.com/inward/record.url?scp=84994608114&partnerID=8YFLogxK
U2 - 10.1108/JPBAFM-28-03-2016-B001
DO - 10.1108/JPBAFM-28-03-2016-B001
M3 - Article
AN - SCOPUS:84994608114
SN - 1096-3367
VL - 28
SP - 265
EP - 298
JO - Journal of Public Budgeting, Accounting & Financial Management
JF - Journal of Public Budgeting, Accounting & Financial Management
IS - 3
ER -