The determinants of municipal debt for U.S. cities with population of 75,000 or more are examined using three alternative conceptual frameworks: public choice, pluralism, and neo-Marxism. Empirical models derived from these frameworks are tested for four time points (1984, 1987, 1989, and 1990). In addition, change in borrowing for two time periods (1984-1989 and 1987-1989) is also examined. / The results show that municipal borrowing was largely determined by: (1) government expenditures relative to the city's economic base; (2) reliance on property taxes and on intergovernmental revenues; (3) socioeconomic characteristics, such as per capita income and the city size; (4) partisan elections; and (5) business and labor organization activities. The public choice model had the strongest explanatory power and the most consistent empirical support of the three explanations. / Source: Dissertation Abstracts International, Volume: 54-09, Section: A, page: 3588. / Major Professor: Richard C. Feiock. / Thesis (Ph.D.)--The Florida State University, 1993.
| Identifer | oai:union.ndltd.org:fsu.edu/oai:fsu.digital.flvc.org:fsu_77005 |
| Contributors | Kim, Jae-Young., Florida State University |
| Source Sets | Florida State University |
| Language | English |
| Detected Language | English |
| Type | Text |
| Format | 221 p. |
| Rights | On campus use only. |
| Relation | Dissertation Abstracts International |
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