Municipal Construction Spending: An Empirical Examination
AbstractDespite widespread concern and discussion, no consensus exists concerning the causes of the "infrastructure crisis" or its implications for the efficiency of government decision-making more generally. We investigate several models of the determination of local public capital expenditures. Using Euler equation methods, we cannot reject the hypothesis that construction spending is determined by unconstrained, forward looking municipal planning. Consistent with this result, the stochastic structure of resource flows is an important feature of the determination of construction spending. Only unanticipated changes in a community's resources alter its demand for structures, with an unanticipated increase of one dollar increasing current construction spending by about 5.6 cents. Copyright 1993 Blackwell Publishers Ltd..
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Wiley Blackwell in its journal Economics & Politics.
Volume (Year): 5 (1993)
Issue (Month): 1 (03)
Contact details of provider:
Web page: http://www.blackwellpublishing.com/journal.asp?ref=0954-1985
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Borge, L.E. & Dahleberg, M. & Tovmo, P., 2001.
"The Intertemporal Spending Behavior of Local Governments : A Comparative Analysis of the Scandinavian Countries,"
2001:10, Uppsala - Working Paper Series.
- Borge, Lars-Erik & Dahlberg, Matz & Tovmo, Per, 2001. "The Intertemporal Spending Behavior of Local Governments: A Comparative Analysis of the Scandinavian Countries," Working Paper Series 2001:10, Uppsala University, Department of Economics.
- Lars-Erik Borge & Per Tovmo, 2007.
"Myopic or constrained by balanced-budget-rules? The intertemporal spending behavior of Norwegian local governments,"
Working Paper Series
8807, Department of Economics, Norwegian University of Science and Technology.
- Lars-Erik Borge & Per Tovmo, 2009. "Myopic or Constrained by Balanced-Budget Rules? The Intertemporal Spending Behavior of Norwegian Local Governments," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 65(2), pages 200-219, June.
- Luc Eyraud & Marialuz Moreno Badia, 2013. "Too Small to Fail? Subnational Spending Pressures in Europe," IMF Working Papers 13/46, International Monetary Fund.
- Castells, Antoni & Sole-Olle, Albert, 2005. "The regional allocation of infrastructure investment: The role of equity, efficiency and political factors," European Economic Review, Elsevier, vol. 49(5), pages 1165-1205, July.
- Balsdon, Ed & Brunner, Eric J. & Rueben, Kim, 2003.
"Private demands for public capital: evidence from school bond referenda,"
Journal of Urban Economics,
Elsevier, vol. 54(3), pages 610-638, November.
- Ed Balsdon & Eric Brunner & Kim Rueben, 2003. "Private Demands for Public Capital: Evidence from School Bond Referenda," Working Papers 0009, San Diego State University, Department of Economics.
- Ed Baldson & Eric Brunner, 2003.
"Intergenerational Conflict and the Political Economy of School Spending,"
2003-24, University of Connecticut, Department of Economics.
- Brunner, Eric & Balsdon, Ed, 2004. "Intergenerational conflict and the political economy of school spending," Journal of Urban Economics, Elsevier, vol. 56(2), pages 369-388, September.
- Janusz Mrozek, 2000. "Changes over time in the decision to adopt curbside recycling," Atlantic Economic Journal, International Atlantic Economic Society, vol. 28(2), pages 239-253, June.
- Antoni Castells & Daniel Montolio & Albert Solé, 2006. "Infrastructure investment across Spanish regions: determinants and calculation of an expenditure needs index," Hacienda Pública Española, IEF, vol. 178(3), pages 23-54, September.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.