THE ROLE OF FEDERAL BUDGET AND TRUST FUND INSTITUTIONS IN MEASURING THE EFFECT OF FEDERAL HIGHWAY GRANTS ON STATE AND LOCAL GOVERNMENT HIGHWAY EXPENDITURE

The response of state and local government spending to federal highway aid is largely affected by federal highway financing institutions. Most earlier studies of the spending effects of federal highway grants consider federal highway expenditure as the highway grant variable, disregarding the reimbursement nature of this expenditure and the multiyear availability of highway aid. This article argues that obligations of federal highway aid to states rather than actual federal expenditure should be used in models assessing the spending effects of federal highway grants. Consideration of federal obligations rather than expenditure results in a greater effect of highway grants on spending than reported in prior studies.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/02751100
• Corporate Authors:

  Blackwell Publishing

  350 Main Street
  Malden, MA  United States  02148
• Authors:
  • Gamkhar, S
• Publication Date: 2003

Language

• English

Media Info

• Features: References;
• Pagination: p. 1-21
• Serial:
  • Public Budgeting & Finance
  • Volume: 23
  • Issue Number: 1
  • Publisher: Blackwell Publishing
  • ISSN: 0275-1100

Subject/Index Terms

• TRT Terms: Economic analysis; Economic factors; Expenditures; Federal aid highways; Federal assistance programs; Financing; Transportation policy
• Uncontrolled Terms: Highway grants
• Subject Areas: Economics; Highways; Policy; Society; I10: Economics and Administration;

Filing Info

• Accession Number: 00960541
• Record Type: Publication
• Files: TRIS
• Created Date: Jul 7 2003 12:00AM