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Funding Public Works With Long-Term Debt in America’s Principal Cities

Julius A. Nukpezah et al.

Public Works Management and Policy2026https://doi.org/10.1177/1087724x261440891article
AJG 1
Weight
0.50

What the paper says

Recognizing the role of debt issuance as an important source of funding for public works, this article uses panel estimation methods to examine the dynamic factors influencing long-term debt issuance in America’s principal cities. While the random effects multivariate regression suggests that financial factors are the main drivers of long-term debt issuance, the cointegration analyses reveal that debt issuance maintains a long-term dynamic relationship with local financial, economic, and socio-demographic factors. Moreover, the vector error correction estimations show that a long-run relationship exists among local debt issuance and municipal level variables measuring economic, financial, and socio-demographic factors, and any deviations in the short term from the long-run path are slowly corrected over time. The study implies that the dynamic interactions between local debt and municipal factors should be considered when issuing debt for public works.

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https://doi.org/https://doi.org/10.1177/1087724x261440891

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@article{julius2026,
  title        = {{Funding Public Works With Long-Term Debt in America’s Principal Cities}},
  author       = {Julius A. Nukpezah et al.},
  journal      = {Public Works Management and Policy},
  year         = {2026},
  doi          = {https://doi.org/https://doi.org/10.1177/1087724x261440891},
}

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Funding Public Works With Long-Term Debt in America’s Principal Cities

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.