Public Finance Quarterly

Oct 1994 v22 n4 p418(21)

Title: Portfolio analysis and vertical equity: a New York application.

Authors: Rajiv Mallick; Oskar Ragnar Harmon.

Abstract: A state tax portfolio model that considers growth, stability and vertical equity is developed. The model incorporates recent progresses in time series analysis in order to more efficiently estimate tax growth and tax instability than before. The representation also improves on the traditional tax portfolio model by including the third tax policy goal of vertical equity. The applicability of the model as a fiscal tool for state policy analysis is demonstrated by using it in the case of New York.