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| Deller, Steven C.; Maher, Craig; Lledo, Victor. |
| This study focuses on the impacts state shared revenues has on local government finances. Specifically we examine what is referred to in the academic literature as the "flypaper effect." Using a simple model of local fiscal behavior Bradford and Oates (1971a, 1971b) predict that aids to local governments is the equivalent to cash transfers to local constituents. Thus aids to local governments should have the same impact on local government spending as does increases in local personal income. Empirical studies, however, have found that aids to local governments has a much greater simulative affect on local spending than does a comparable increase in the income of local constituents. Private income is disproportionately spend on private consumption while... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Public Economics. |
| Ano: 2002 |
URL: http://purl.umn.edu/12599 |
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| Deller, Steven C.; Lledo, Victor. |
| Wisconsin is generally viewed as a high tax state. Depending on how one measures tax burdens, Wisconsin's rankings range from either the top five, or right in the middle of the national average. While these rankings have always been a source of discussion in Wisconsin, the state's current budget deficit, and the proposed solutions, has renewed the public debate about Wisconsin's fiscal policies with a vengeance. Accusations of duplication of services, higher costs inherent to the small scale of operation and a general tendency to be "big spenders" have created a firestorm of controversy. Further, a range of business support organizations has renewed yet again the call for tax reductions in the name of economic growth. In this applied research study we... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Political Economy. |
| Ano: 2002 |
URL: http://purl.umn.edu/12665 |
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| Deller, Steven C.; Lledo, Victor. |
| This applied research project examines questions concerning the economic efficiency of municipal government spending and taxation levels in Wisconsin. Using economic notions of local government effectiveness and efficiency, a theoretical and empirical model is presented and estimated using data from Wisconsin cities and villages. Theory suggests that expenditure and taxation levels are capitalized into local property values. In short, public goods and services and corresponding taxes are viewed as a normal good in an economic sense: more is better, too much is bad. From a property valuation perceptive, higher levels of public goods and services should increase property values. But, overprovision of the public good places downward pressure on property... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Public Economics. |
| Ano: 2001 |
URL: http://purl.umn.edu/12690 |
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| Deller, Steven C.; Lledo, Victor. |
| Patterns of economic growth in rural Appalachia are examined with a focus on natural and built amenities. While the literature is clear that rural areas endowed with scenic beauty, lakes, forests, and wildlife, among other natural amenities, and coupled with built amenities such as golf courses, are experiencing robust economic growth. It is not clear if these patterns extend to rural Appalachia. In this applied research study we use data for rural U.S. counties. We estimate an augmented Carlino-Mills growth model with specific attention to growth patterns of Appalachia. We also build on the empirical modeling by adopting a Bayesian Modeling Average (BMA) approach to address the problem of model specification. We find that while there are some... |
| Tipo: Journal Article |
Palavras-chave: Amenities; Quality of life; Rural economic growth; Bayesian; Community/Rural/Urban Development. |
| Ano: 2007 |
URL: http://purl.umn.edu/10153 |
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