Add to ORKGThis 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
A presentation of a dynamic general-equilibrium model with productive public capital to help account...
Vita.Government can affect private economic activities through many means: the legal system and regu...
Efforts to maintain balanced budgets lead to substantial pro-cyclicality in states' capital investme...
This paper formalizes and empirically tests the hypothesis that the deficient maintenance of public ...
In this paper we study an endogenous growth model, in which public maintenance expenditures a¤ect th...
We examine the impact of fiscal policy on macroeconomic performance and welfare when public capital...
In this paper we study the equilibrium properties of an endogenous growth model, in which pub-lic ma...
Fiscal Deficits and the Productivity of Public Capital Adopting the endogenous growth modelling str...
This paper focuses on the role of government capital as a critical productive input when the level o...
One of the persistent questions in public finance concerns the financial stability of American citie...
The fiscal problem of large cities was as prominent a policy issue in the 1960s and 1970s as it was ...
While municipal bankruptcy as a whole is rare in the United States, since the Great Recession, fisca...
This paper studies the long-run impact of fiscal policies on inflation and capital formation. The an...
Fiscal pressures faced by American cities from the late 1970s to the early 1980s renewed the attenti...
Most observers have attributed the fiscal crises that have affected many of our major urban centers ...
A presentation of a dynamic general-equilibrium model with productive public capital to help account...
Vita.Government can affect private economic activities through many means: the legal system and regu...
Efforts to maintain balanced budgets lead to substantial pro-cyclicality in states' capital investme...
This paper formalizes and empirically tests the hypothesis that the deficient maintenance of public ...
In this paper we study an endogenous growth model, in which public maintenance expenditures a¤ect th...
We examine the impact of fiscal policy on macroeconomic performance and welfare when public capital...
In this paper we study the equilibrium properties of an endogenous growth model, in which pub-lic ma...
Fiscal Deficits and the Productivity of Public Capital Adopting the endogenous growth modelling str...
This paper focuses on the role of government capital as a critical productive input when the level o...
One of the persistent questions in public finance concerns the financial stability of American citie...
The fiscal problem of large cities was as prominent a policy issue in the 1960s and 1970s as it was ...
While municipal bankruptcy as a whole is rare in the United States, since the Great Recession, fisca...
This paper studies the long-run impact of fiscal policies on inflation and capital formation. The an...
Fiscal pressures faced by American cities from the late 1970s to the early 1980s renewed the attenti...
Most observers have attributed the fiscal crises that have affected many of our major urban centers ...
A presentation of a dynamic general-equilibrium model with productive public capital to help account...
Vita.Government can affect private economic activities through many means: the legal system and regu...
Efforts to maintain balanced budgets lead to substantial pro-cyclicality in states' capital investme...