Studies in state and local public finance / edited by Harvey S. Rosen.

Format:

Book

Contributor:

Rosen, Harvey S.

Series:

National Bureau of Economic Research project report.

National Bureau of Economic Research project report

Language:

English

Subjects (All):

Finance, Public--United States--States.

Finance, Public.

Finance, Public--United States.

Local finance--United States.

Local finance.

Physical Description:

1 online resource (250 pages)

Edition:

1st ed.

Place of Publication:

Chicago : University of Chicago Press, c1986.

Language Note:

English

Summary:

In fiscal year 1981-82, state and local government spending actually exceeded federal nondefense spending. However, past research in public finance has focused on federal spending and policies and paid little attention to the economic problems of state and local governments. Studies in State and Local Public Finance goes far in correcting this omission. Developed from a National Bureau of Economic Research conference on state and local financing, the volume includes papers summarizing and extending recent research as well as commentaries. Covering a wide range of topics, the papers share an empirical orientation and a concern with policy issues. The first two papers look at the role of tax-exempt bonds in local public finance. Their findings suggest that tax policies significantly affect municipal borrowing practices and that financial advantage can be achieved under certain of these practices. Other papers address specific issues related to state and local tax policy: the impact of local taxes on location decisions; efficient road-use charges for trucks; and the relation of income and general sales tax systems over time. Examining issues related to United States federalism, the last paper focuses on the impact of federal grant aid to states. The research and findings these papers report make an important contribution to the study of local public finance and should be of particular interest to policymakers and those involved in private and public financing at the local, state, or federal level.

Contents:

Front matter

Contents

Acknowledgments

1. Introduction

2. Explaining the Yield Spread between Taxable and Tax-exempt Bonds : The Role of Expected Tax Policy

3. An Empirical Examination of Municipal Financial Policy

4. Property Taxes and Firm Location: Evidence from Proposition 13

5. Welfare Effects of Marginal- Cost Taxation of Motor Freight Transportation: A Study of Infrastructure Pricing

6. State Personal Income and Sales Taxes, 1977- 1983

7. Education, Welfare and the "New" Federalism: State Budgeting in a Federalist Public Economy

List of Contributors

Author Index

Subject Index

Notes:

Description based upon print version of record.

Includes bibliographies and indexes.

ISBN:

9786611223960

9781281223968

1281223964

9780226726250

0226726258

OCLC:

476229257