The existence and capitalization of neighborhood externalities: a reassessment

Article Abstract:

Research examines the inability to measure the capitalization of negative neighborhood externalities in residential property values using disaggregate data. The relationship between neighborhood externalities and residential property values may have been mis-specified in previous literature. The mis-specification would have led to the lack of capitalization. A new specification is proposed and tested.

Finance, Real estate, Real property, Criminal statistics

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Expenditure spillovers and fiscal interactions: empirical evidence from local governments in Spain

Article Abstract:

Expenditure spillovers in establishing public facilities is examined in context of the Spanish local governments.

Government expenditures, Government domestic functions, Science & research, Spain, Public Finance-Local, Municipal Govt Finance, Local finance, Domestic policy, Government finance, Public accommodations

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Fiscal decentralization and economic growth reconsidered

Article Abstract:

A study examines the economic impact of autonomy given to sub-national governments over tax issues.

United States, Tax Administration, Analysis, Economic aspects, Tax administration and procedure, Decentralization in government, Government decentralization

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