If all you have is a hammer: Finding economic development policies that matter
By: Reese, Laura A.
Material type:
ArticlePublisher: 2014Description: p.627-655.Subject(s): Economic and social development
In:
American Review of Public AdministrationSummary: This research explores the relative effectiveness of a comprehensive set of local economic development incentives and focuses on two questions: What contributions do common development tools make to the economic health of municipalities?; and, Are there other types of local activities, not typically considered as development tools, that might be more effective in contributing to local economic prosperity? It finds that the factors most consistently and positively related to economic health are investments in the downtown, spending on basic local public services, and using no economic development incentives at all. These findings suggest one primary policy recommendation: the wisest course of action for most cities would be to eschew particularized development incentives, especially those that require tax expenditures. - Reproduced.
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | Volume no: 44, Issue no: 6 | Available | AR107128 |
This research explores the relative effectiveness of a comprehensive set of local economic development incentives and focuses on two questions: What contributions do common development tools make to the economic health of municipalities?; and, Are there other types of local activities, not typically considered as development tools, that might be more effective in contributing to local economic prosperity? It finds that the factors most consistently and positively related to economic health are investments in the downtown, spending on basic local public services, and using no economic development incentives at all. These findings suggest one primary policy recommendation: the wisest course of action for most cities would be to eschew particularized development incentives, especially those that require tax expenditures. - Reproduced.
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