Prairie Prosperity: An Economic Guide for the State of North Dakota

100 Pages Posted: 27 Nov 2018

See all articles by Jeremy Jackson

Jeremy Jackson

North Dakota State University - NDSU Center for the Study of Public Choice and Private Enterprise; North Dakota State University - Department of Agribusiness and Applied Economics

James Caton

North Dakota State University - Department of Agribusiness and Applied Economics; American Institute for Economic Research; North Dakota State University - NDSU Center for the Study of Public Choice and Private Enterprise

Raheem Williams

North Dakota State University - NDSU Center for the Study of Public Choice and Private Enterprise

Kali Christianson

NDSU Center for the Study of Public Choice and Private Enterprise

Date Written: October 9, 2018

Abstract

In this report, we examine the history of North Dakota’s state finances and explore the policies that led to the current environment. We evaluate the institutional settings and circumstances that caused North Dakota to move from being revered for its financial solvency to enacting massive spending cuts during the 2017 legislative session. We then turn to policy proposals that address state fiscal challenges and put North Dakota on a pathway to prosperity.

Keywords: North Dakota, tax policy, education, transportation, pensions, budget stabilization, revenue, expenditure, entrepreneurship, economic freedom

JEL Classification: H7, N9, R0

Suggested Citation

Jackson, Jeremy and Caton, James and Williams, Raheem and Christianson, Kali, Prairie Prosperity: An Economic Guide for the State of North Dakota (October 9, 2018). Mercatus Research Paper. Available at SSRN: https://ssrn.com/abstract=3265318 or http://dx.doi.org/10.2139/ssrn.3265318

Jeremy Jackson (Contact Author)

North Dakota State University - NDSU Center for the Study of Public Choice and Private Enterprise ( email )

811 2nd Ave N.
Fargo, ND 58102
United States
7012317832 (Phone)
7012317400 (Fax)

HOME PAGE: http://https://www.ndsu.edu/centers/pcpe/directory/jeremy_jackson/

North Dakota State University - Department of Agribusiness and Applied Economics ( email )

Fargo, ND 58105
United States

James Caton

North Dakota State University - Department of Agribusiness and Applied Economics ( email )

Fargo, ND 58105
United States

American Institute for Economic Research

PO Box 1000
Great Barrington, MA 01230
United States

North Dakota State University - NDSU Center for the Study of Public Choice and Private Enterprise

811 2nd Ave N.
Fargo, ND 58102
United States

Raheem Williams

North Dakota State University - NDSU Center for the Study of Public Choice and Private Enterprise ( email )

811 2nd Ave N.
Fargo, ND 58102
United States

Kali Christianson

NDSU Center for the Study of Public Choice and Private Enterprise ( email )

811 2nd Ave N.
Fargo, ND 58102
United States

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