The Fiscal Capitalization of Public Spending: Does Municipal Operating and Capital Spending Increase Property Values?
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DOI: 10.1080/23754931.2024.2402781
Abstract: Abstract This study investigates the impact of local public spending on property values. The theory of fiscal capitalization, first proposed by Charles Tiebout and Wallace Oates, holds that a positive relationship exists between local public… read more here.
Keywords: fiscal capitalization; spending; capital; property ... See more keywords