Determinants of Pay-as-You-Go Financing of Capital Projects: Evidence from the States

被引：12

作者：

Wang, Wen ^{[1
]}

Hou, Yilin ^{[2
]}

Duncome, William ^{[3
]}

机构：

[1] East Carolina Univ, Dept Polit Sci, Publ Adm Program, Brewster A-131, Greenville, NC 27858 USA

[2] Univ Georgia, Sch Publ & Int Affairs, Dept Publ Adm & Policy, Athens, GA 30602 USA

[3] Syracuse Univ, Maxwell Sch, Ctr Policy Res, Publ Adm, Syracuse, NY 13244 USA

来源：

PUBLIC BUDGETING AND FINANCE | 2007年 / 27卷 / 04期

关键词：

D O I：

10.1111/j.1540-5850.2007.00892.x

中图分类号：

C93 [管理学]; D035 [国家行政管理]; D523 [行政管理]; D63 [国家行政管理];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ; 1204 ; 120401 ;

摘要：

Although states have long practiced pay-as-you-go in financing their capital projects as a supplement to debt, academia has paid scarce attention to pay-go financing. This study fills in the niche by providing empirical evidence on what determines the use of pay-go in financing capital projects. It develops a model that considers the preferences of both voters and politicians when they make capital financing decisions in a given institutional setting. The empirical results suggest that the use of pay-go is affected by a state's income level, its economic conditions, the presence of a divided government, as well as its budgetary institutions.

引用

页码：18 / 42

页数：25

共 50 条

[1] Pay-as-You-Go Financing and Capital Outlay Volatility: Evidence from the States over Two Recent Economic Cycles
Wang, Wen
Hou, Yilin
[J]. PUBLIC BUDGETING AND FINANCE, 2009, 29 (04): : 90 - 107
[2] Financing models for pay-as-you-go systems
Reynaud, E
[J]. INTERNATIONAL PERSPECTIVES ON SUPPLEMENTARY PENSIONS: ACTORS AND ISSUES, 1996, : 71 - 81
[3] THE PAY-AS-YOU-GO PLAN FOR FINANCING SCHOOL BUILDINGS
Holy, T. C.
[J]. SCHOOL AND SOCIETY, 1933, 37 (960): : 640 - 644
[4] PAY-AS-YOU-GO
LOPEZ, EA
[J]. POLICY REVIEW, 1993, 63 : 88 - 88
[5] Pay-as-you-go
Mecham, Michael
[J]. Aviation Week and Space Technology (New York), 2003, 158 (15): : 71 - 72
[6] Pay-as-you-go
Mecham, M
[J]. AVIATION WEEK & SPACE TECHNOLOGY, 2003, 158 (15): : 71 - 72
[7] BONDING VERSUS PAY-AS-YOU-GO IN THE FINANCING OF SCHOOL BUILDINGS
Essex, L.
[J]. TEACHERS COLLEGE RECORD, 1932, 33 (07): : 639 - 640
[8] Bonding Versus Pay-As-You-Go in the Financing of School Buildings
Holy, T. C.
[J]. EDUCATIONAL RESEARCH BULLETIN, 1933, 12 (02): : 56 - 56
[9] Can pay-as-you-go pensions raise the capital stock?
Roberts, MA
[J]. MANCHESTER SCHOOL, 2003, 71 : 1 - 20
[10] Pay-as-you-go Internet service
不详
[J]. BRITISH TELECOMMUNICATIONS ENGINEERING, 1998, 17 : 215 - 215

← 1 2 3 4 5 →