Loading...
Municipal Capital Maintenance and Fiscal Distress
Bumgarner, Mary ; Martinez-Vazquez, Jorge ; Sjoquist, David
Bumgarner, Mary
Martinez-Vazquez, Jorge
Sjoquist, David
Citations
Altmetric:
Abstract
This paper formalizes and empirically tests the hypothesis that the deficient maintenance of public infrastructure is caused by fiscal distress. We utilize a production-decision framework in which public officials combine maintenance and new capital to produce a desired level of capital services. The behavior implied in the fiscal distress hypothesis is treated as perverse deviations from the optimal production path. The empirical findings from cross-sectional expenditures data give support to the fiscal distress hypothesis.
Description
Date
1991
Journal Title
Journal ISSN
Volume Title
Publisher
Collections
Research Projects
Organizational Units
Journal Issue
Keywords
Citation
Bumgarner, Mary, Jorge Martinez-Vazquez, and David L. Sjoquist. "Municipal Capital Maintenance And Fiscal Distress." Review Of Economics & Statistics 73.1 (1991): 33.