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How Should We Measure Infrastructure? The Case of Highways and Streets
Kornfeld, Robert; Fraumeni, Barbara M. - National Bureau of Economic Research - 2022
The recent debates on infrastructure spending have led to renewed interest in the measurement of infrastructure and its effects on growth and well-being. This paper updates estimates of one important type of infrastructure capital--highways and streets. We compare BEA's capital measures with...
Persistent link: https://www.econbiz.de/10013210073
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How Is the US Pricing Carbon? How Could We Price Carbon?
Aldy, Joseph E.; Burtraw, Dallas; Fischer, Carolyn; … - National Bureau of Economic Research - 2022
Economists have for decades recommended that carbon dioxide and other greenhouse gases be taxed--or otherwise priced--to provide incentives for their reduction. The United States does not have a federal carbon tax; however, many state and federal programs to reduce carbon emissions effectively...
Persistent link: https://www.econbiz.de/10013435107
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Procurement and Infrastructure Costs
Liscow, Zachary; Nober, Will; Slattery, Cailin - National Bureau of Economic Research - 2023
Infrastructure costs in the United States are high and rising. The procurement process is one potential cost driver. In this paper we conduct a survey of procurement practices across the 50 states. We survey both employees at each state department of transportation (DOT) and the road builders...
Persistent link: https://www.econbiz.de/10014372462
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Intergovernmental Grants and Policy Competition : Concepts, Institutions, and Evidence
Clemens, Jeffrey; Veuger, Stan - National Bureau of Economic Research - 2023
the literature on the role of intergovernmental grants in systems of fiscal federalism. Second, we provide an updated look … directions for future research on the economics of fiscal federalism and the role of intergovernmental grants as policy …
Persistent link: https://www.econbiz.de/10014287352
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Extensive or Intensive Generosity? The Price and Income Effects of Federal Grants
Baicker, Katherine - 2001
When TANF replaced AFDC in 1996 the marginal subsidy for state welfare spending was eliminated. This paper exploits data from a period in the history of AFDC when the structure of federal subsidies and legislative changes allow us to estimate not only the price and income elasticities of federal...
Persistent link: https://www.econbiz.de/10012470336
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Macro Fiscal Policy in Economic Unions : States as Agents
Carlino, Gerald - 2013
The American Recovery and Reinvestment Act (ARRA) was the US government's fiscal response to the Great Recession. An important component of ARRA's $796 billion proposed budget was $318 billion in fiscal assistance to state and local governments. We examine the historical experience of federal...
Persistent link: https://www.econbiz.de/10012459102
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Assistance to the Poor in a Federal System
Brown, Charles - 1985
This paper explores the roles of different levels of government in assisting the poor. Using a model with utility interdependence, the paper presents some theoretical results on how levels of poor relief vary with the extent of mobility of the poor under both centralized and decentralized...
Persistent link: https://www.econbiz.de/10012477364
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Education, Welfare, and the "New" Federalism : State Budgeting in a Federalist Public Economy
Craig, Steven G. - 1985
President Reagan's proposal for a "New Federalism" raises a fundamental challenge to our current structure of Federal …-state-local fiscal relations.This research examInes the lIkely consequences of the New Federalism for fiscal allocations by state … and more on tax relief and the numerous other state activities. Second, the New Federalism, as it relaxes the spending …
Persistent link: https://www.econbiz.de/10012477523
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Evaluating the Efficiency and Equity of Federal Fiscal Equalization
Albouy, David - 2010
In theory, federal transfers that make household location decisions efficient should ignore local cost differences, subsidize positive externalities, and offset differences in federal-tax payments and local taxes levied on non-residents, but not local tax revenues from residents. Transfers that...
Persistent link: https://www.econbiz.de/10012462512
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Congressional Distributive Politics and State Economic Performance
Levitt, Steven D. - 1994
This paper tests several theories of the effects of congressional representation on state economic growth. States that were represented by very senior Democratic congressmen grew more quickly during the 1953-1990 period than states that were represented by more junior congressional delegations....
Persistent link: https://www.econbiz.de/10012474207