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Article
If You Build It, Will They Come?: Fiscal Federalism, Local Provision of Public Tourist Amenities, and the Vision Iowa Fund
The Review of Regional Studies
  • Deepak Premkumar, Iowa State University
  • Austin Quackenbush, Iowa State University
  • Georgeanne M. Artz, University of Missouri
  • Peter Orazem, Iowa State University
Document Type
Article
Publication Version
Submitted Manuscript
Publication Date
1-1-2013
Abstract
Iowa provided partial state funding to communities to build tourist attractions, a potential solution to local under-provision of public goods. A 10 percent increase in state funds increased county taxable retail sales by 0.1 percent. The State’s return from resulting sales tax revenue averaged 11.8 percent. Local communities paid more and received less tax, and so their return was much smaller at 1.2 percent. Neighboring community sales also increased. The positive spillovers to neighbors and the state suggest that local communities will undersupply public amenities without state subsidies.
Comments

This is a manuscript of an article from Review of Regional Studies, Vol. 43 no. 2,3 (Winter 2013): 155.

Citation Information
Deepak Premkumar, Austin Quackenbush, Georgeanne M. Artz and Peter Orazem. "If You Build It, Will They Come?: Fiscal Federalism, Local Provision of Public Tourist Amenities, and the Vision Iowa Fund" The Review of Regional Studies Vol. 43 Iss. 2 (2013) p. 155 - 173
Available at: http://works.bepress.com/georgeanne-artz/23/