G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w23674
来源IDWorking Paper 23674
On the Dynamics of Community Development
Levon Barseghyan; Stephen Coate
发表日期2017-08-14
出版年2017
语种英语
摘要This paper presents a dynamic political economy model of community development. In each period, a community invests in a local public good. The community can grow, with new housing supplied by competitive developers. To finance investment, the community can tax residents and issue debt. In each period, fiscal decisions are made by current residents. The community's initial wealth (the value of its stock of public good less its debt) determines how it develops. High initial wealth leads to rapid development. Low initial wealth leads to gradual development that is fueled by community wealth accumulation. Wealth accumulation arises from the desire to attract more households to share the costs of the public good. The long run size of the community can be too large or too small and development may proceed too slowly. Nonetheless, some development occurs and, at all times, public good provision is efficient.
主题Public Economics ; Public Goods ; Subnational Fiscal Issues
URLhttps://www.nber.org/papers/w23674
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/581348
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GB/T 7714
Levon Barseghyan,Stephen Coate. On the Dynamics of Community Development. 2017.
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