Atlantic Economic Journal

, Volume 27, Issue 2, pp 170–178 | Cite as

Estimating net lottery revenues for states

  • Terry Ashley
  • Yi Liu
  • Semoon Chang


Based on 1980–95 data, this paper estimates and forecasts net lottery revenues for states with and without lotteries. This study indicates that a multi-state estimation is improved when a time-series and cross-section technique is used. Forecasting results are also improved when unequal time series in the data and less-than-full first years of operating lottery are controlled. For states without lotteries, the time-series and cross-section estimation indicates that only two of 14 states without a lottery would have generated net lottery revenue of more than $100 million. The number increases to five of 14 in the cross-section estimation.


Time Series International Economic Public Finance Forecast Result Unequal Time 
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Copyright information

© International Atlantic Economic Society 1999

Authors and Affiliations

  • Terry Ashley
    • 1
  • Yi Liu
    • 2
  • Semoon Chang
    • 1
  1. 1.University of South AlabamaU.S.A.
  2. 2.Pricewaterhouse CoopersU.S.A.

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