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来源类型Research Report
规范类型报告
Private Demands for Public Capital: Evidence from California School Bond Referenda
Ed Balsdon; Eric Brunner; Kim S. Rueben
发表日期2003-11-01
出版年2003
语种英语
概述This paper develops a framework for estimating demand for school infrastructure investment that is financed through local bond referenda. Our framework takes explicit account of the irregular and discrete nature of local capital investment and the objective functions of local school boards. Our empirical model consists of a three-equation system composed of a proposed spending equation, a vote equation, and a
摘要
This paper develops a framework for estimating demand for school infrastructure investment that is financed through local bond referenda. Our framework takes explicit account of the irregular and discrete nature of local capital investment and the objective functions of local school boards. Our empirical model consists of a three-equation system composed of a proposed spending equation, a vote equation, and a selection equation. Estimated income and price elasticities of demand for school infrastructure are similar to those found in studies of current school spending. We also find that school boards act like risk-averse, budget-maximizing agenda setters. (Journal of Urban Economics 54(3): 610-638, November 2003.)
主题Education and Training
URLhttps://www.urban.org/research/publication/private-demands-public-capital-evidence-california-school-bond-referenda
来源智库Urban Institute (United States)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/474930
推荐引用方式
GB/T 7714
Ed Balsdon,Eric Brunner,Kim S. Rueben. Private Demands for Public Capital: Evidence from California School Bond Referenda. 2003.
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