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| author | Blaine Morgan Taylor |
| title | Is There an Association Between Partisan Control of State Legislatures and State General Obligation Bond Ratings? |
| abstract |
This honors thesis seeks to find if there is an association between partisan control of state legislatures and state general obligation bond ratings. I compile the
data for this thesis from a wide variety of sources and put it together into one Excel spreadsheet, since this data has never been put together before. I determined
what data to collect and which variables to use in my regressions based on the findings of previous literature. I use ordinary least square, lagged dependent variable,
fixed effects, fixed effects with lagged dependent variable, and Blundel-Bond regressions to determine an association. I use five regressions because OLS includes
incorrect assumptions, which are corrected for in the following regressions. I find that an all Republican legislature is marginally suggestive of a positive influence
on the general obligation bond rating for a state. Conversely, an all Democratic legislature is marginally suggestive of a negative influence. My results are only
suggestive of an influence because the coefficient estimates become insignificant in all regressions following the biased OLS regression.
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| school | The College of Liberal Arts, Drew University |
| degree | B.A. (2018) |
| advisor | Jennifer Kohn |
| committee | Gerry Lian
Phil Mundo |
| full text | BMTaylor.pdf |
| data set | BMTaylor.xlsx |
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