Taxes, Federal Grants, Local Public Spending, and Growth

Heng-Fu Zou ()

No 78, CEMA Working Papers from China Economics and Management Academy, Central University of Finance and Economics

Abstract: In a dynamic model with both private and local public capital accumulation, this paper examines how federal and local income taxes, local consumption tax, and federal matching grants for local public consumption and local public investment affect the long-run equilibrium Eqequilibria. of private consumption, private capital accumulation, local public consumption, and local public capital stock.

Pages: 15 pages
Date: 1994-08-03
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Published in Journal of Urban Economics, Volume 39, Issue 3, May 1996, Pages 303-317

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Related works:
Journal Article: Taxes, Federal Grants, Local Public Spending, and Growth (1996)
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