Taxes, Federal Grants, Local Public Spending, and Growth
In a dynamic model with both private and local public capital accumulation, this paper examines how federal and local income taxes, local consumption tax, and federal matching grants for local public consumption and local public investment affect the long-run equilibrium Eqequilibria. of private consumption, private capital accumulation, local public consumption, and local public capital stock.
|Date of creation:||03 Aug 1994|
|Date of revision:|
|Publication status:||Published in Journal of Urban Economics, Volume 39, Issue 3, May 1996, Pages 303-317|
|Contact details of provider:|| Web page: http://cema.cufe.edu.cn/|
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- Gramlich, Edward M, 1969. "State and Local Governments and Their Budget Constraint," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 10(2), pages 163-82, June.
- Edward M. Gramlich & Harvy Galper, 1973. "State and Local Fiscal Behavior and Federal Grant Policy," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 4(1), pages 15-66.
- Zou Heng-fu, 1994.
"Dynamic Effects of Federal Grants on Local Spending,"
Journal of Urban Economics,
Elsevier, vol. 36(1), pages 98-115, July.
- Heng-fu Zou, 1995. "Dynamic Effects of Federal Grants on Local Spending," CEMA Working Papers 93, China Economics and Management Academy, Central University of Finance and Economics.
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