Premium
THE EFFECTS OF LOCAL TAXES AND PUBLIC SERVICES ON RESIDENTIAL DEVELOPMENT PATTERNS *
Author(s) -
Turnbull Geoffrey K.
Publication year - 1988
Publication title -
journal of regional science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.171
H-Index - 79
eISSN - 1467-9787
pISSN - 0022-4146
DOI - 10.1111/j.1467-9787.1988.tb01373.x
Subject(s) - economic rent , pace , order (exchange) , economics , public economics , local government , service (business) , property tax , government (linguistics) , business , microeconomics , tax reform , finance , geography , economy , linguistics , philosophy , geodesy , archaeology
. This paper incorporates an exogenous taxing and service‐providing public sector into a dynamic residential land‐use model in order to examine how local‐government fiscal policies alter the pace and pattern of residential development. The model is used to derive the comparative‐dynamic responses to variations in the income, sales, and property taxes and public‐service time paths. The results show how tax and expenditure effects systematically depend upon the anticipated relative growth rates in rents to alternative uses and vary across locations within a given urban area as well as across urban areas themselves.