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THE LONG‐RUN ECONOMIC IMPACTS OF FEDERAL, STATE, AND LOCAL FISCAL POLICIES IN METROPOLITAN AREAS *
Author(s) -
Crihfield John B.,
Panggabean Martin P. H.
Publication year - 1996
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.1467-9787.1996.tb01265.x
Subject(s) - metropolitan area , economics , investment (military) , capital (architecture) , economic policy , state (computer science) , geography , archaeology , algorithm , politics , political science , computer science , law
. This paper uses new estimates of metropolitan factor demand and output supply functions to study how federal, state, and local fiscal policies affect metropolitan economies. We illustrate our work with findings for ten metropolitan areas in five states for changes in state corporate income taxes, local property taxes, the federal corporate income tax, an investment tax credit, interest rates, public capital stocks, output prices, and tax and regulatory policies affecting gross wages. It is clear from these simulations that a policy that is nominally the same everywhere will have repercussions that vary widely across regions and cities.