打印

作者

来源

来源 JOURNAL OF URBAN ECONOMICS,Vol.54,P.531-540

语言

英文

关键字

H7;R0;Mandates;Public goods;Efficiency

作者单位

Bryant College, Department of Economics, Smithfield, RI, USA"}]},{"#name":"affiliation","$":{"id":"AFF002;University of Connecticut, Department of Finance, 2100 Hillside Road, Unit 1041, Storrs, CT 06269-1041, USA"}]},{"#name":"correspondence","$":{"id":"COR001;Bryant College, Department of Economics, Smithfield, RI, USA"}]},"AFF002":{"#name":"affiliation","$":{"id":"AFF002;University of Connecticut, Department of Finance, 2100 Hillside Road, Unit 1041, Storrs, CT 06269-1041, USA"}]}},"correspondences":{"COR001":{"#name":"correspondence","$":{"id":"COR001

摘要

Using a test of allocative efficiency in the local public sector developed by Brueckner [Journal of Public Economics 19 (1982) 311–331], this study empirically examines the impact of a state minimum education expenditure requirement on aggregate property values in Connecticut communities. The empirical results reveal that the typical community in Connecticut spends less on education and municipal services than the level that maximizes aggregate property values. The results further indicate that spending on education falls further below the property maximization level in those communities constrained by the state expenditure floor. It follows from the analysis that some state expenditure floors can raise aggregate property values and promote efficiency.