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Regional macroeconomic outcomes under alternative arrangements for the financing of public infrastructure

Giesecke, James A, Dixon, Peter and Rimmer, Maureen T (2007) Regional macroeconomic outcomes under alternative arrangements for the financing of public infrastructure. Papers in Regional Science, 87 (1). pp. 3-31. ISSN 1056-8190 (print) 1435-5957 (online)

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Abstract

We use a dynamic multi-regional CGE model (MMRF) to evaluate the regional macroeconomic consequences of four methods of financing a program of regional government infrastructure provision. The methods are developer charges, debt, payroll tax and residential rates. We demonstrate that the net gains from a program of public infrastructure development are quite sensitive to the chosen financing means. The net gains are greatest under rates and debt financing, and least under developer charges and payroll tax financing.

Item Type: Article
Uncontrolled Keywords: dynamic multi-regional CGE model, infrastructure finance, regional policy
Subjects: FOR Classification > 1205 Urban and Regional Planning
FOR Classification > 1402 Applied Economics
Faculty/School/Research Centre/Department > College of Business
Faculty/School/Research Centre/Department > Centre of Policy Studies (CoPS)
Depositing User: Ms Julie Gardner
Date Deposited: 28 Apr 2014 07:14
Last Modified: 04 Oct 2015 23:54
URI: http://vuir.vu.edu.au/id/eprint/24641
DOI: https://doi.org/10.1111/j.1435-5957.2007.00147.x
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Citations in Scopus: 4 - View on Scopus

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