The purpose of this paper is to expand the empirical literature on state tax and expenditure policies and entrepreneurial activity in several meaningful ways.,The authors update the panel data to include several more recent years and also consider other elements of state policy.,The most important takeaway is that even after dealing with some of the known shortcomings of dynamic panel analysis, we are still not able to find economically meaningful impacts of state tax and expenditure policies (generally defined) on entrepreneurial performance.,Earlier studies that have found statistical significance have generally been limited to extensive-margin impacts on such things as self-employment rates or counts of new or small firms. When the authors examine what policy makers actually care about – things like income and employment among entrepreneurial ventures – the authors do not find much in the way of useful policy impacts.,To be sure, the authors find entrepreneurial performance to be statistically significantly related to certain tax rates and expenditure amounts, but the magnitudes of our estimated results cast serious doubts on the usefulness of these particular policy levers for generating meaningful improvements in entrepreneurial success.,The authors’ primary contribution is to improve the empirical consideration of the time series properties of the data. The authors provide a battery of more general and robust analyses to more completely surround the question.

中文翻译：

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关于国家税收和支出政策鼓励创业的有效性

当作者检查政策制定者实际上关心的是什么（企业家企业中的收入和就业等问题）时，作者并没有发现对政策产生有益影响的方式。可以肯定的是，作者发现企业家绩效与统计上显着相关一定的税率和支出额，但是我们估计结果的数量使人们对这些特定政策杠杆对于有效地提高企业家成功率的有用性产生了严重怀疑。作者的主要贡献是改进对时间序列属性的实证研究的数据。作者提供了更全面，更可靠的分析，以更全面地解决问题。作者发现创业绩效在统计上与某些税率和支出金额显着相关，但是我们估计结果的规模使人们对这些特定政策杠杆对促进企业家成功产生有意义的改善的有效性产生严重怀疑。是为了改善对数据时间序列属性的经验考虑。作者提供了更全面，更可靠的分析，以更全面地解决问题。作者发现创业绩效在统计上与某些税率和支出金额显着相关，但是我们估计结果的规模使人们对这些特定政策杠杆对促进企业家成功产生有意义的改善的有效性产生严重怀疑。是为了改善对数据时间序列属性的经验考虑。作者提供了更全面，更可靠的分析，以更全面地解决问题。作者的主要贡献是改进了对数据时间序列属性的实证研究。作者提供了更全面，更可靠的分析，以更全面地解决问题。作者的主要贡献是改进了对数据时间序列属性的实证研究。作者提供了更全面，更可靠的分析，以更全面地解决问题。