Why are we lagging behing? : an empirical analysis of municipal capital spending in the United States Wen Wang and Yonghong Wu
By: Wang, Wen
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Contributor(s): Wu, Yonghong.
Material type: 
ArticlePublisher: 2018Subject(s): HACIENDAS MUNICIPALES | PRESUPUESTOS LOCALES | GASTO PUBLICO LOCAL | ESTADOS UNIDOSOnline resources: Click here to access online
In:
Public Budgeting and Finance v. 38, n. 3, Fall 2018, p. 76-91Summary: This research examines the determinants of municipal capital investment in the United States. Using a data set of 100 large cities in five select years over 1992–2012, the regression analysis finds that local tax and expenditure limitations and legal debt limitations restrict municipal capital spending. The receipt of intergovernmental revenue, governmental fund balance, and some demographic factors have significant effects on the capital outlays. The empirical findings shed light on how to address the
lag of critical investment in infrastructure at the municipal level in the United States.
| Item type | Current location | Home library | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
| Artículos | IEF | IEF | OP 1716/2018/3-4 (Browse shelf) | Available | OP 1716/2018/3-4 |
Disponible también en formato electrónico a través de la Biblioteca del IEF.
Resumen.
Bibliografía.
This research examines the determinants of municipal capital investment in the United States. Using a data set of 100 large cities in five select years over 1992–2012, the regression analysis finds that local tax and expenditure limitations and legal debt limitations restrict municipal capital spending. The receipt of intergovernmental revenue, governmental fund balance, and some demographic factors have significant effects on the capital outlays. The empirical findings shed light on how to address the
lag of critical investment in infrastructure at the municipal level in the United States.
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