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Public Finance

Tax Reductions in Arizona: Effects on Economic Growth and Government Revenue: 2023 Update

Since the early 1990s, the Arizona Legislature has repeatedly reduced tax rates and narrowed tax bases of revenue sources used by state government — particularly of those sources providing revenue to the general fund. The tax reductions usually were passed with the…

Arizona Economic Growth Supply-Side Economics Tax Burden Public Finance
Productivity and Prosperity

Declines Relative to the Nation in Arizona’s Government Finance, Educational Attainment, and Economic Performance

Analyzes Arizona’s decline in government finance, educational attainment, and economic performance relative to the nation. Since the late 1960s relative to the U.S. average, decreases have occurred in Arizona in the share of the state’s personal income spent by state government, in educational…

Arizona Economic Growth Economic Performance Educational Achievement Educational Attainment General Fund Higher Education Finance K-12 Finance Productivity and Prosperity
Public Finance

Tax Reductions in Arizona: Effects on Economic Growth and Government Revenue

Summarizes supply-side economic theory and the Laffer Curve, reviews the tax burden in Arizona after nearly 25 years of tax reductions passed by the Arizona Legislature, and examines the effects of these tax reductions on economic performance and public revenue. Empirical evidence indicates that…

Arizona Economic Growth Supply-Side Economics Tax Burden Public Finance
Public Finance

Arizona’s Income Taxes: A Comparison With Other States and a Policy Discussion of Potential Tax Reforms

Examines Arizona’s individual and corporate income taxes, making comparisons to other states. Individual and corporate income tax rates have both been lowered several times in Arizona since the early 1990s, and various other modifications made to the income taxes—such as the creation of new tax…

Arizona Economic Growth States Tax Burden Tax Structure Public Finance
Productivity and Prosperity

An Economic Comparison of Arizona and Nevada, With an Emphasis on Education

Compares Arizona and Nevada on various aspects of the economy, including economic development and economic performance, and examines educational measures. Evaluations of the business climate in Nevada place it below the national average and near the bottom of the western states, while Arizona…

Arizona Economic Development Economic Growth Economic Performance Educational Attainment Infrastructure International Trade K-12 Finance Productivity and Prosperity STEM/High Tech Tax Burden
Productivity and Prosperity

An Economic Comparison of Arizona and Utah

Contrasts Arizona and Utah on various aspects of the economy, including economic development and economic performance. The business climate in Utah has been evaluated as being among the best in the nation, while Arizona ranks among the middle of the states.

Arizona Economic Development Economic Growth Economic Performance Educational Attainment Infrastructure International Trade K-12 Finance Productivity and Prosperity STEM/High Tech Tax Burden
Productivity and Prosperity

Aggregate Economic Growth in Arizona Since 2007

Analyzes aggregate economic growth in Arizona since the end of the last economic expansion from a historical perspective and relative to the rest of the nation. Aggregate growth in Arizona since 2007 is slower than Arizona’s historical record.

Arizona Economic Growth Productivity and Prosperity
Productivity and Prosperity

Overview of Economic Competitiveness: Business and Individual Location Factors, With a Focus on Arizona

Introduces the concept of economic competitiveness, discusses location factors important to businesses, and evaluates competitiveness in Arizona. The assessment of Arizona’s business competitiveness is mixed, consistent with the middle-of-the-states rank of the most-reliable business climate…

Arizona Economic Base Economic Competitiveness Economic Growth Economic Performance K-12 Finance Nation Productivity and Prosperity Regional Economics States Substates Tax Burden
Productivity and Prosperity

Economic Growth: The Importance of Education and Technological Development

Reviews the lessons economists have learned from investigating growth experiences and income gaps across countries. A country or a region can grow in two ways: it can either catch up with the leading economies or it can be a leading economy itself. The first paradigm applies to many developing…

Economic Growth Income & Earnings Nation Productivity and Prosperity Research & Development

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