000			01371naa a2200181uu 4500
001			8070719020210
003			OSt
005			20190211163857.0
008			080707s2008 xx ||||gr |0|| 0 eng d
100	1		_aHO, Alfred tat-Kei _934822
245	1	0	_aState highway capital expenditure and the economic cycle
260			_aPhiladelphia : _bRoutledge, _cJanuary 2008
520	3		_aThe conventional wisdom on state and local budgeting suggests that policy makers are quick to cut capital spending during fiscal stress and that budgetary politics may create a bias against long-term capital investment. This study analyzes changes in highway capital spending of U.S. state governments between 1988 and 2000, and shows a contrary result. During economic recessions, states on average slow their capital spending growth, but do not impose significant cuts, and, during economic booms, they are quick to capitalize on the opportunity and raise capital spending significantly. The article draws from the results of the study to discuss implications for the current fiscal crisis and for future research on capital budgeting
773	0	8	_tInternational Journal of Public Administration - IJPA _g31, 2, p. 101-116 _dPhiladelphia : Routledge, January 2008 _xISSN 01900692 _w
942			_cS
998			_a20080707 _b1902^b _cTiago
998			_a20100723 _b1054^b _cDaiane
999			_aConvertido do Formato PHL _bPHL2MARC21 1.1 _c26896 _d26896
041			_aeng