TY  - JOUR
AU  - Feenberg,Daniel R.
AU  - Rosen,Harvey S.
TI  - A Note on Revenue Forecasting During the Dukakis Administration
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 2667
PY  - 1988
Y2  - July 1988
UR  - http://www.nber.org/papers/w2667
L1  - http://www.nber.org/papers/w2667.pdf
N1  - Author contact info:
Daniel R. Feenberg
National Bureau of Economic Research
1050 Massachusetts Avenue
Cambridge, MA 02138
Tel: 617/588-0343
Fax: 617/868-2742
E-Mail: feenberg@nber.org

Harvey S. Rosen
Department of Economics
Fisher Hall
Princeton University
Princeton, NJ 08544-1021
Tel: 609/258-4022
Fax: 609/258-6419
E-Mail: HSR@princeton.edu
AB  - Critics of Governor Michael Dukakis have suggested that this year?s $400 million overestimate of tax revenues in Massachusetts casts doubt on his putative managerial skills. In this paper, we carefully examine the entire Dukakis forecasting record. We find that the 1988 experience was "unusual? in the sense that on average, revenue forecasts produced by his administration have been too low rather than too high. In addition, we find that there is no significant difference between the quality of the Dukakis forecasts and those of his predecessors in Massachusetts. Hence, those who seek to discover anything extraordinarily positive or negative about Dukakis? managerial capabilities should shift their attention to skills other than revenue forecasting.
ER  -