REGIONAL FISCAL COOPERATION IN METROPOLITAN AREAS: AN EXPLANATION

This article explores the potential benefits and costs of regional cooperation on metropolitan area fiscal policies. After discussing the relationships between cities and suburbs and the role of fiscal policies in regional well-being, the article presents and tests a model for measuring benefit spillovers resulting from fiscal policies. Results demonstrate that state and local infrastructures have important effects on metropolitan property markets and that current spending is less influential than the level of public capital in place in determining property values. State highway investments are found to reduce the attractiveness of metropolitan area locations. Enhancements to central city infrastructure are estimated to significantly increase suburban property values, and the results of some simple policy experiments are examined.

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  • Corporate Authors:

    John Wiley & Sons, Incorporated

    111 River Street
    Hoboken, NJ  United States  07030-6000
  • Authors:
    • Haughwout, A F
  • Publication Date: 1999

Language

  • English

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 00791323
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Apr 1 2000 12:00AM