A dynamic spatial model with an endogenous federal grant-maker is estimated on U.S. state welfare and housing expenditures, finding limited federal responsiveness and modest welfare gains from responsive grants.
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Dynamic Spatial Interaction Models for a Resource Allocator's Decisions and Local Agents' Multiple Activities
A dynamic spatial model with an endogenous federal grant-maker is estimated on U.S. state welfare and housing expenditures, finding limited federal responsiveness and modest welfare gains from responsive grants.