A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Determinants of interstate variations in capital and current outlay by state and local governments
Conclusions It was found that for the three functions examined, local schools, highways, and health and hospitals, wider variations existed for the capital outlay component than for the current expenditure component. Despite these wide variations in capital outlay, in the case of local school and highway expenditures, the independent variables were able to account for 64 percent and 85 percent of the variance in capital outlay respectively. In short, although wide variations existed in capital outlays, these variations were explained largely by systematic rather than random factors. In the case of highway expenditures our systematic variables explained more of the variation in capital outlay ($ R^{2} $=0. 853), than of the variation in current expenditures ($ R^{2} $=0.678). However, for local school expenditures, our systematic variables explained a larger proportion of the variation in current expenditures than in capital outlay ($ R^{2} $=0.750 and $ R^{2} $=0. 641, respectively). Only 27 percent of the health and hospital capital outlay were explained, while 50 percent of the current expenditures were accounted for. Further study might improve upon our results for health and hospitals. Finally, it is of significance to note that when comparing our equations for capital outlay with current expenditure for the same function that, in general, the explanatory variables differ. This may have important policy implications which past studies concentrating on aggregates of current and capital outlays, failed to uncover.
Determinants of interstate variations in capital and current outlay by state and local governments
Conclusions It was found that for the three functions examined, local schools, highways, and health and hospitals, wider variations existed for the capital outlay component than for the current expenditure component. Despite these wide variations in capital outlay, in the case of local school and highway expenditures, the independent variables were able to account for 64 percent and 85 percent of the variance in capital outlay respectively. In short, although wide variations existed in capital outlays, these variations were explained largely by systematic rather than random factors. In the case of highway expenditures our systematic variables explained more of the variation in capital outlay ($ R^{2} $=0. 853), than of the variation in current expenditures ($ R^{2} $=0.678). However, for local school expenditures, our systematic variables explained a larger proportion of the variation in current expenditures than in capital outlay ($ R^{2} $=0.750 and $ R^{2} $=0. 641, respectively). Only 27 percent of the health and hospital capital outlay were explained, while 50 percent of the current expenditures were accounted for. Further study might improve upon our results for health and hospitals. Finally, it is of significance to note that when comparing our equations for capital outlay with current expenditure for the same function that, in general, the explanatory variables differ. This may have important policy implications which past studies concentrating on aggregates of current and capital outlays, failed to uncover.
Determinants of interstate variations in capital and current outlay by state and local governments
Osman, Jack W. (author)
1969
Article (Journal)
English
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