What Drives Municipal Capital Investment? A Long-panel Data Analysis of U.S. Central Cities

Cities across the United States are facing a severe infrastructure deficit. The challenge of financing infrastructure capital assets has emerged as one of the most urgent issues of the country. Using a panel data consisting of 100 American central cities from 1988 to 2012, this research reveals that...

Full description

Saved in:
Bibliographic Details
Published in:State & local government review 2019-09, Vol.51 (3), p.168-178
Main Authors: Chen, Can, Han, Yanbing, Frank, Howard A.
Format: Article
Language:English
Subjects:
Assets
Capital
Capital assets
Capital expenditures
Cities
Data analysis
General Interest
Inner city
Local government
Longitudinal studies
Panel data
Public debt
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Cities across the United States are facing a severe infrastructure deficit. The challenge of financing infrastructure capital assets has emerged as one of the most urgent issues of the country. Using a panel data consisting of 100 American central cities from 1988 to 2012, this research reveals that city governments are responsive to sociodemographic forces and citizens’ demands, but their abilities to finance capital assets are constrained by city fiscal institutions and revenue capacity. This research also compares the determinants of different components of city capital outlays such as road and water utility capital expenditures.
ISSN:0160-323X
1943-3409
DOI:10.1177/0160323X20915266