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- Title
Wal-Mart’s Impact on Local Revenue and Expenditure Instruments in Ohio, 1988–2003.
- Authors
Hicks, Michael J.
- Abstract
This research estimates fiscal impacts of Wal-Mart in Ohio from 1985 through 2003. Using a panel of counties, and accounting for spatial autocorrelation in an instrumental variable model I estimate impact of Wal-Mart and Super-Centers on selected revenues and transfer payments. Among the findings is that the presence of a Wal-Mart increases local commercial property tax assessments resulting in collection increases of between $350,000 and $1.3 million. There is also an 18–43% reduction in per capita EITC claims in a county. However, Medicaid expenditures experience growth which amount to roughly 16 additional cases attributable to a single Wal-Mart. The magnitude and statistical certainty of these findings, suggests that local fiscal intervention, either through incentives or a “Wal-Mart Tax” is unwarranted.
- Subjects
OHIO; WAL-Mart Stores Inc.; AUTOCORRELATION (Statistics); REVENUE; TRANSFER payments; TAX assessment; MEDICAID
- Publication
Atlantic Economic Journal, 2007, Vol 35, Issue 1, p77
- ISSN
0197-4254
- Publication type
Article
- DOI
10.1007/s11293-006-9062-6