Michigan school district response to a guaranteed tax base : a time-series cross-sectional analysis
ResearchPublished 1982
ResearchPublished 1982
Five years of data for 451 school districts in Michigan are pooled to estimate equations explaining school district expenditure behavior upon introduction of a guaranteed tax base (GTB) plan. Hausman's (1978) specification test applied to a complex random-effects model rejects that model, while implicitly rejecting cross-sectional estimates as well. Fixed-effects estimates show that the influence of Michigan's GTB plan on school district expenditure has been so small as to be of no policy significance.
This publication is part of the RAND note series. The note was a product of RAND from 1979 to 1993 that reported miscellaneous outputs of sponsored research for general distribution.
This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited; linking directly to this product page is encouraged. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial purposes. For information on reprint and reuse permissions, please visit www.rand.org/pubs/permissions.
RAND is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.