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:
  • 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:

Subject/Index Terms

Filing Info

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