Econ 337 #1 - in their careers; four of them had served as...

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Why study state and local governments?
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Some numbers The state and local government sector… 1. is a substantial part of the US economy: Its spending represents 14% of GDP 2. comprising more than half of total government domestic expenditure 3. provides services that most affect residents on a day-to-day basis
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Let the amount spent on an election campaign be a measure of its significance in 2010’s mid-term elections. The three most importance races are for governorships : Those of California, Florida and Texas. Candidates for governor in California alone: $170m, not counting spending by third parties trying to influence the outcome. Florida’s open Senate seat: $32m.
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Why are the governor races important? Overcome the gaping shortfall in revenue Many of the most successful reformers, in turn, will move on to federal offices. Five of the past six presidents held state office earlier
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Unformatted text preview: in their careers; four of them had served as governor. Immediate impact on national policies: redrawing congressional districts (to account for shifts in population over the past ten yrs). Likely to pioneer policies that will later be adopted at the national level Discussion: California emission rules As part of a state effort to reduce greenhouse gas emissions, the rules are aimed at rewarding biofuel fuel producers that consume less energy in their businesses , including transportation to customers. Out-of-state producers having to ship their fuels over long distances would be at a disadvantage to California refiners. Outline of the course Public economics (ECON309?) Decentralization Voting Demand and supply of S-L goods and service Financing Policy applications and analyses...
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This note was uploaded on 02/06/2012 for the course ECON 337 taught by Professor Jannetcheng during the Winter '12 term at Northwestern.

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Econ 337 #1 - in their careers; four of them had served as...

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