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

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