Although public owned enterprises have rarely received the attention of the American public, their presence across the nation is widespread and their role in governance fundamental. These business-type activities, which are financed through user charges and fees, represent a great potential revenue source for municipalities as they often generate revenues beyond their costs. This paper examines longitudinally how public enterprises affect governmental spending and revenue patterns by analyzing a panel dataset of 100 Georgia cities between 2005 and 2009. This study used two-step GMM regression (2SGMM) and robust standard errors to estimate the relationship between dependent and independent variables. The findings of this research suggest that net enterprise transfers increase own-source revenues (additive effect) but decrease governmental expenditures (siphoning effect) contradicting findings from earlier studies.
Article navigation
1 March 2013
Research Article|
March 01 2013
Enterprise fund transfers and their impact on governmental spending and revenue patterns of georgia municipalities
Theodoros Arapis
Theodoros Arapis
Department of Political Science, Villanova University
Search for other works by this author on:
Publisher: Emerald Publishing
Online ISSN: 1945-1814
Print ISSN: 1096-3367
Copyright © 2013 by PrAcademics Press
2013
licensed reuse rights only
Journal of Public Budgeting, Accounting & Financial Management (2013) 25 (3): 446–473.
Citation
Arapis T (2013), "Enterprise fund transfers and their impact on governmental spending and revenue patterns of georgia municipalities". Journal of Public Budgeting, Accounting & Financial Management, Vol. 25 No. 3 pp. 446–473, doi: https://doi.org/10.1108/JPBAFM-25-03-2013-B004
Download citation file:
New and popular articles
Suggested Reading
City responses to economic downturns 2003 to 2009: Statistical and textual analyses of comprehensive annual financial reports
Journal of Public Budgeting, Accounting & Financial Management (March,2013)
Municipal audit committees and fiscal policies
Journal of Public Budgeting, Accounting & Financial Management (March,2016)
USER FEES: PROS AND CONS
The Bottom Line (January,1990)
Ownership and efficiency in municipal waste management: evidence from a fragmented local government system
International Journal of Public Sector Management (October,2026)
CBDA: calm sea does not make a good sailor
Emerald Emerging Markets Case Studies (March,2025)
Related Chapters
References
Local Governance Resilience: Navigating Contemporary Challenges
Local Governance Fiscal Resilience in Low Tax Base Environments
Local Governance Resilience: Navigating Contemporary Challenges
Tennessee
Funding Public Schools in the United States and Indian Country
Recommended for you
These recommendations are informed by your reading behaviors and indicated interests.
