The Strange Disappearance of Investment in Human and Physical Capital in the United States

Witko, Christopher; Newmark, Adam J.
January 2010
Journal of Public Administration Research & Theory;Jan2010, Vol. 20 Issue 1, p215
Academic Journal
The article presents an analysis on the theories used for the state budgetary decision making which explains the limited allocation of resources to developmental or investment programs in the U.S. It has been observed that the decreasing funds has affected the development of human and physical capital such as education and highways. The changes in the budget allocation is caused by the state developmental spending patterns which are comprised of federal grants, the state of the economy, and interstate and intrastate competition.


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