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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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Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Review

Publication Date: 1989

Volume: 25

Issue: Q II

Pages: 11-21