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Public infrastructure and regional economic development: a simultaneous equations approach

Author

Listed:
  • Kevin T. Duffy-Deno
  • Randall W. Eberts

Abstract

A study of how public capital stock impacts regional economic development, which jointly models the effects of local public infrastructure on personal income and the effect of personal income on the allocation of local public outlays.

Suggested Citation

  • Kevin T. Duffy-Deno & Randall W. Eberts, 1989. "Public infrastructure and regional economic development: a simultaneous equations approach," Working Paper 8909, Federal Reserve Bank of Cleveland.
  • Handle: RePEc:fip:fedcwp:8909
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    References listed on IDEAS

    as
    1. William S. Haraf, 1986. "Monetary Velocity and Monetary Rules," Cato Journal, Cato Journal, Cato Institute, vol. 6(2), pages 641-666, Fall.
    2. Roley, V Vance, 1985. "Money Demand Predictability," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 17(4), pages 611-641, November.
    3. Karamouzis, Nicholas & Lombra, Raymond, 1989. "Federal reserve policymaking: an overview and analysis of the policy process," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 30(1), pages 7-62, January.
    4. Kormendi, Roger C & Meguire, Philip G, 1984. "Cross-Regime Evidence of Macroeconomic Rationality," Journal of Political Economy, University of Chicago Press, vol. 92(5), pages 875-908, October.
    5. Rasche, 1988. "Demand Functions For U.S. Money And Credit Measures," Papers 8718, Michigan State - Econometrics and Economic Theory.
    6. Poole, William, 1988. "Monetary Policy Lessons of Recent Inflation and Disinflation," Journal of Economic Perspectives, American Economic Association, vol. 2(3), pages 73-100, Summer.
    7. Rasche, Robert H., 1987. "M1 -- Velocity and money-demand functions: Do stable relationships exist?," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 27(1), pages 9-88, January.
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