000			01642nab a2200289 c 4500
003			ES-MaIEF
005			20181008175139.0
007			ta
008			181008t2018 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
041			_a2ng
100	1		_934677 _aWang, Wen
245			_aWhy are we lagging behing? _b : an empirical analysis of municipal capital spending in the United States _c Wen Wang and Yonghong Wu
260			_c2018
500			_aDisponible también en formato electrónico a través de la Biblioteca del IEF.
500			_aResumen.
504			_aBibliografía.
520			_aThis 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.
650		4	_945222 _aHACIENDAS MUNICIPALES
650		4	_948115 _aPRESUPUESTOS LOCALES
650		4	_944787 _aGASTO PUBLICO LOCAL
650		4	_942888 _aESTADOS UNIDOS
700	1		_954398 _aWu, Yonghong
773	0		_9157683 _oOP 1716/2018/3 _tPublic Budgeting and Finance _w(IEF)90019 _x 0275-1100 _g v. 38, n. 3, Fall 2018, p. 76-91
856			_uhttps://onlinelibrary.wiley.com/doi/epdf/10.1111/pbaf.12193
942			_cART
999			_c139030 _d139030