A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Foreclosures and local government budgets
Foreclosures have been shown to have a negative financial impact on borrowers, lenders, and neighbors. It has also been argued that they have important negative effects on the budgets of local governments, but the only econometric evidence on this is provided by Alm, Buschman and Sjoquist (2014) foreclosures in this journal. They limit their analysis to the revenue side of the budget and find important effects. As a complement to their work, we argue and demonstrate using a unique 15-year panel of Florida counties that foreclosures also have important effects on local governments' expenditures.
Foreclosures and local government budgets
Foreclosures have been shown to have a negative financial impact on borrowers, lenders, and neighbors. It has also been argued that they have important negative effects on the budgets of local governments, but the only econometric evidence on this is provided by Alm, Buschman and Sjoquist (2014) foreclosures in this journal. They limit their analysis to the revenue side of the budget and find important effects. As a complement to their work, we argue and demonstrate using a unique 15-year panel of Florida counties that foreclosures also have important effects on local governments' expenditures.
Foreclosures and local government budgets
Keith Ihlanfeldt (author) / Tom Mayock
2015
Article (Journal)
English
Foreclosures: Stemming the Flow?
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Foreclosures-Yesterday, Today, and Tomorrow
| British Library Conference Proceedings | 2010