The year 1997 marks a grim turning point for Missouri. In the 10 years before 1997, Missouri’s economic growth had kept pace with that of the nation as a whole. Since 1997, Missouri has been one of the slowest-growing states in the nation. What happened–and why? This essay explores those questions, analyzing the decline in Missouri’s fortunes by looking specifically at taxation and state spending for clues. To read the essay, click on the link below.
Economy
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By
Joseph Haslag
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Read Time 1 minute minutes
About the Author
Joseph Haslag
Joseph Haslag is a professor and the Kenneth Lay Chair in economics at the University of Missouri Columbia. Until the end of 2018, Professor Haslag was the Institute's chief economist. An expert in monetary policy, Haslag has done research at the Federal Reserve Banks of Saint Louis, Dallas, and Atlanta. He serves on the Federal Reserve Bank of Kansas Citys Economic Roundtable and the Federal Reserve Bank of Saint Louis Business Economic Regional Group. He has taught at Southern Methodist University, Erasmus University in Rotterdam, and Michigan State University. Haslag has published his research in the Journal of Monetary Economics, the Journal of Money, Credit and Banking, and the International Economic Review. His research has been cited in more than 100 academic papers. In his role as director of EPARC, Haslag is a standing member of the Consensus Revenue Forecasting Group that forecasts state revenues for state legislators and the governor.
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