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Fiscal Substitution of Investment for Highway Infrastructure: Working Paper 2018-08

Congressional Budget Office

No 54371, Working Papers from Congressional Budget Office

Abstract: The federal government provides grants to state and local governments for their transportation infrastructure. State and local governments use some of those funds to replace funds that they would have provided for such investment.

JEL-codes: E22 E62 H54 H72 H76 H77 (search for similar items in EconPapers)
Date: 2018-08-24
New Economics Papers: this item is included in nep-mac, nep-tre and nep-ure
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Handle: RePEc:cbo:wpaper:54371