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Productivity and Prosperity

An Overview of the Knowledge Economy, With a Focus on Arizona

Defines and discusses the importance and characteristics of the global knowledge economy, with measurements of the size of the knowledge economy nationally and in Arizona presented. Knowledge is now recognized as the driver of productivity gains and economic growth, leading to a new focus on the…

Arizona Knowledge Economy Nation Productivity and Prosperity States
Public Finance

Capital Gains in Arizona and the Effect on State Government General Fund Revenues

Reviews the cyclicality of capital gains and the impact of these fluctuations on general fund revenues. Capital gains are highly cyclical, but during periods of high capital gains, the increase in general fund revenue has not been perceived to be transitory; instead, permanent tax reductions and…

Arizona Capital Gains General Fund Public Finance
Productivity and Prosperity

Causes of Varying Economic Performance By State

Examines economic growth by state since 2000, particularly during the 2002-07 expansion and during the 2008-09 recession. The varying economic performance across states had little relationship to such factors as a state’s economic diversity or job quality; instead, local factors—such as a state’…

Arizona Economic Performance Job Quality Productivity and Prosperity States
Public Finance

Tax and Expenditure Limitation Proposals in Arizona

Assesses several proposals to create a new state government revenue or expenditure limit in Arizona, and compares the proposals to Colorado’s limit. Arizona already has a limit, adopted in the late 1970s, that constrains state government appropriations to a percentage of the state’s personal…

Arizona General Fund Tax & Expenditure Limitations Public Finance
Public Finance

Arizona Constitution: Specified Duties of State Government

Looks at the functions of state government that are specified in the Arizona Constitution. Generally, the Constitution does not delineate specific duties of state government. The Constitution is much more explicit regarding the provision of public education, and the funding for education, than…

Arizona Educational Achievement Educational Attainment Higher Education Finance Investment K-12 Finance Public Finance
Public Finance

Addendum: Revenue Forecast Details

Discusses the baseline revenue forecast used in Roadmap to Arizona’s Economic Recovery: A Package to Create Jobs, Improve the State’s Economic Competitiveness, and Balance the Budget.

Arizona General Fund Public Finance
Productivity and Prosperity

The Magnitude and Causes of Arizona's Low Per Capita Income

Explains why incomes in Arizona are below the national average, presents ways in which the shortfall may be addressed, and describes the differences between the various income measures that are available. The average income in Arizona is less than the national average regardless of the source of…

Arizona Income & Earnings Productivity and Prosperity
Public Finance

Roadmap to Arizona's Economic Recovery: A Package to Create Jobs, Improve the State's Economic Competitiveness, and Balance the Budget

Presents a plan to balance the state government's budget in the near term and longer term, to create jobs in the near term, and to improve the state's economic competitiveness in the longer term. Arizonans face the twin problems of recovering from a deep and long economic recession and dealing…

Arizona Economic Competitiveness General Fund Regional Economics Tax Structure Public Finance
Productivity and Prosperity

A Comparison of Arizona to Nations of Comparable Size

Compares Arizona to 11 nations with developed economies of comparable size on a range of economic and demographic data.

Arizona Economic Performance Educational Attainment Income & Earnings Productivity and Prosperity

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