Journal Article
Capital subsidies and the infrastructure crisis: evidence from the local mass-transit industry
Abstract: The author examines and summarizes empirical evidence from two recent studies of the mass-transit industry that suggest federal capital subsidies have important effects on infrastructure decisions of state and local governments.
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https://fraser.stlouisfed.org/title/economic-review-federal-reserve-bank-cleveland-1328/1989-quarter-2-4204?page=13
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Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Review
Publication Date: 1989
Volume: 25
Issue: Q II
Pages: 11-21