Bumgarner, Mary; Martinez-Vazquez, Jorge; Sjoquist, David L - In: The Review of Economics and Statistics 73 (1991) 1, pp. 33-39
This paper formalizes and empirically tests the hypothesis that the deficient maintenance of public infrastructure is caused by fiscal distress. The authors utilize a production-decision framework in which public officials combine maintenance and new capital to produce a desired level of capital...