منابع مشابه
Municipal Finance in India: Some Critical Issues
With the help of the available literature, the paper attempts to assess critically the main problems of municipal finances in India and to bring out the challenges that the municipalities face with respect to revenue generation and expenditure management. The main findings suggest that the urban local bodies in India are confronted with lack of proper decentralization of functions and finances,...
متن کاملThe Brandeis International Business School ’ s 2012 Municipal Finance Conference
roads, schools, fire stations, hospitals, airports, and much more— all of these different types of infrastructure are financed through municipal capital markets. These markets are vital to american households, both as savers and as consumers of the services these markets enable. objective and informed research on the ways in which municipal markets operate can help inform the decisions of both ...
متن کاملThe Effects of Land Development on Municipal Finance
This review presents a conceptual model to understand and trace the effects of land development on municipal expenditures and revenues. It includes discussion of the how local voters determine levels of expenditures and levels of service subject to external constraints. It also discusses the production function of local public services. This review and model can serve as a basis for evaluating ...
متن کاملThe Japanese private finance initiative and its application in the municipal solid waste management sector
In Japan, the development and financing of infrastructure are traditionally dominated by the public sector. Learning from the failures of so called ‘‘third sector’’ projects in the 1970s and 1980s as well as based on experience from the Private Finance Initiative (PFI) in other countries, Japan introduced a PFI Promotion Law in 1999 to enhance private participation in the provision of infrastru...
متن کاملBank Finance versus Bond Finance
We present a model with agency costs where heterogeneous firms raise finance through either bank loans or corporate bonds and where banks are more efficient than the market in resolving informational problems. We document some major long-run differences in corporate finance between the United States and the euro area, and show that our model can explain those differences based on information av...
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ژورنال
عنوان ژورنال: The Economic Journal
سال: 1899
ISSN: 0013-0133
DOI: 10.2307/2957060