Municipal Investment Requirements in a Growing Agglomeration

Abstract

of local public investment outlays have been so scant. The probable reasons in the United States are complexity of government structure and diversity of local accounting procedures, which have hampered collection of adequate comparable data. In addition, studies involving local investment expenditures have generally combined current and capital outlays into a single variable,' thereby obscuring much that should be revealed. As Professor Brazer has pointed out, capital and current outlays respond to different forces and should be examined