The fiscal behavior of municipal governments: 1905-1930

Joseph A. Swanson; C. Curran

doi:10.1016/0094-1190(76)90034-6

The fiscal behavior of municipal governments: 1905-1930

Joseph A. Swanson^*, C. Curran

^*Corresponding author for this work

Finance

Research output: Contribution to journal › Article › peer-review

2 Scopus citations

Abstract

This report discusses a new set of annual U. S. municipal expenditure estimates. These estimates deal with the 1905-1930 period. While these expenditures are seen to be influenced by urbanization and price inflation, it is clear that real per capita spending rose substantially during the period. The distribution of municipal spending between current and capital accounts is seen to be associated with relative price change. A model of the structure of budget decisions-emphasizing an incremental budgeting format-is developed. Estimates of the structural parameters suggest that this model adequately represents the data; and that municipal decision makers responded in a regular and rational fashion to shifts in relative prices and nominal sources of funds.

Original language	English (US)
Pages (from-to)	344-356
Number of pages	13
Journal	Journal of Urban Economics
Volume	3
Issue number	4
DOIs	https://doi.org/10.1016/0094-1190(76)90034-6
State	Published - Oct 1976

ASJC Scopus subject areas

Economics and Econometrics
Urban Studies

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/0094-1190(76)90034-6

Cite this

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title = "The fiscal behavior of municipal governments: 1905-1930",

abstract = "This report discusses a new set of annual U. S. municipal expenditure estimates. These estimates deal with the 1905-1930 period. While these expenditures are seen to be influenced by urbanization and price inflation, it is clear that real per capita spending rose substantially during the period. The distribution of municipal spending between current and capital accounts is seen to be associated with relative price change. A model of the structure of budget decisions-emphasizing an incremental budgeting format-is developed. Estimates of the structural parameters suggest that this model adequately represents the data; and that municipal decision makers responded in a regular and rational fashion to shifts in relative prices and nominal sources of funds.",

author = "Swanson, {Joseph A.} and C. Curran",

note = "Funding Information: Our agenda has two items: review of the proximate determinants of municipal spending and analysis of the role of relative price changes on expenditure growth and composition. We draw comparisons between our work and extant literature in the following paragraphs. In Section B the impact of 1 Financial assistance by the National Science Foundation under Grant GS-3238 is acknowledged. This work has been influenced by discussions with Professors Donald McCloskey and Jeffrey Williamson.",

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N1 - Funding Information: Our agenda has two items: review of the proximate determinants of municipal spending and analysis of the role of relative price changes on expenditure growth and composition. We draw comparisons between our work and extant literature in the following paragraphs. In Section B the impact of 1 Financial assistance by the National Science Foundation under Grant GS-3238 is acknowledged. This work has been influenced by discussions with Professors Donald McCloskey and Jeffrey Williamson.

PY - 1976/10

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N2 - This report discusses a new set of annual U. S. municipal expenditure estimates. These estimates deal with the 1905-1930 period. While these expenditures are seen to be influenced by urbanization and price inflation, it is clear that real per capita spending rose substantially during the period. The distribution of municipal spending between current and capital accounts is seen to be associated with relative price change. A model of the structure of budget decisions-emphasizing an incremental budgeting format-is developed. Estimates of the structural parameters suggest that this model adequately represents the data; and that municipal decision makers responded in a regular and rational fashion to shifts in relative prices and nominal sources of funds.

AB - This report discusses a new set of annual U. S. municipal expenditure estimates. These estimates deal with the 1905-1930 period. While these expenditures are seen to be influenced by urbanization and price inflation, it is clear that real per capita spending rose substantially during the period. The distribution of municipal spending between current and capital accounts is seen to be associated with relative price change. A model of the structure of budget decisions-emphasizing an incremental budgeting format-is developed. Estimates of the structural parameters suggest that this model adequately represents the data; and that municipal decision makers responded in a regular and rational fashion to shifts in relative prices and nominal sources of funds.

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The fiscal behavior of municipal governments: 1905-1930

Abstract

ASJC Scopus subject areas

UN SDGs

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