Suchergebnisse

A recent study by the U.S. General Accounting Office (GAO) found that years of underfunding through 1994 had left investment in U.S. public schools short by $126 billion. To better understand the GAO finding, the authors estimated capital stocks in U.S. public schools; they then projected future capital stocks and infrastructure deficiencies. They use this framework to interpret two federal public school construction financing options: tax credit bonds, promoted by the Clinton administration, and expanding "arbitrage" earnings possibilities for those state and local governments that issue school bonds, promoted by many Republicans in Congress.

ABSTRACTThe REMI and IMPLAN models are widely used approaches to estimating economic impacts for small regions. However, few benchmarks exist for assessing these estimates. This paper evaluates the relative performance of these models in terms of a given impact: the opening of an automobile assembly plant in central Illinois. Although our results are not conclusive and are limited by our application, we find that in terms of several indirect performance criteria, IMPLAN's outcomes, on balance, are somewhat more plausible than those for REMI.