Population, land, economic conditions, and the allocation of new deal spending

被引:22
作者
Fleck, RK [1 ]
机构
[1] Montana State Univ, Dept Agr Econ & Econ, Bozeman, MT 59717 USA
关键词
New Deal; spending; expenditure; political economy; public choice; depression;
D O I
10.1006/exeh.2000.0752
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper identifies two problems in Wallis's (1998) analysis of New Deal spending, addresses those problems, and contributes new findings. One problem is the interpretation of 1/population as an apolitical variable. The other is that, although Wallis discusses land area as a criterion in spending formulas, his econometric analysis omits land area. Controlling for land area eliminates Wallis's estimated effects of 1/population. After discussing those problems, this paper presents an empirical relationship sought but not uncovered by previous authors: A few land and income variables can predict the vast majority of the cross-state variation in per capita spending. (C) 2001 Academic Press.
引用
收藏
页码:296 / 304
页数:9
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