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Regional macroeconomic outcomes under alternative arrangements for the financing of public infrastructure

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  • James Giesecke
  • Peter B. Dixon
  • Maureen T. Rimmer

Abstract

We use a dynamic multi-regional CGE model (MMRF) to evaluate the regional macroeconomic consequences of four methods of financing a program of regional government infrastructure provision. The methods are developer charges, debt, payroll tax and residential rates. We demonstrate that the net gains from a program of public infrastructure development are quite sensitive to the chosen financing means. The net gains are greatest under rates and debt financing, and least under developer charges and payroll tax financing. Copyright (c) 2007 the author(s).

Suggested Citation

  • James Giesecke & Peter B. Dixon & Maureen T. Rimmer, 2008. "Regional macroeconomic outcomes under alternative arrangements for the financing of public infrastructure," Papers in Regional Science, Wiley Blackwell, vol. 87(1), pages 3-31, March.
  • Handle: RePEc:bla:presci:v:87:y:2008:i:1:p:3-31
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    References listed on IDEAS

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    Cited by:

    1. James A. Giesecke & John R. Madden, 2013. "Evidence-based regional economic policy analysis: the role of CGE modelling," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 6(2), pages 285-301.
    2. Giesecke, James A. & Madden, John R., 2013. "Regional Computable General Equilibrium Modeling," Handbook of Computable General Equilibrium Modeling, Elsevier.
    3. James Giesecke & Chris Schilling, 2009. "Short term gain, long term pain? Impact of New Zealand’s fiscal stimulus - A dynamic general equilibrium analysis," Macroeconomics Working Papers 23003, East Asian Bureau of Economic Research.
    4. J.A. Giesecke & N.H. Tran, 2017. "The National and Regional Consequences of Australia's Goods and Services Tax," Centre of Policy Studies/IMPACT Centre Working Papers g-278, Victoria University, Centre of Policy Studies/IMPACT Centre.

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