Labor Demand and Economic Development Policy

1984 ◽  
Vol 2 (1) ◽  
pp. 45-55 ◽  
Author(s):  
G L Clark
Keyword(s):  
Development Policy ◽  
Local Development ◽  
Labor Demand ◽  
Neoclassical Theory ◽  
Real Cost ◽  
Economic Development Policy ◽  
Fixed Price ◽  
Limited Support ◽  
The Usa ◽  
Quantity Adjustment

Neoclassical theory presumes that the demand for labor is a function of its real wage. Many local development agencies have taken this proposition as an article of faith, designing policies that effectively lower the real cost of labor. Empirical evidence for the textiles and electronics industries in a set of states in the USA provides only limited support for this theory and its implied policy menu. Alternative models of the demand for labor are explored, including neo-Keynesian fixed-price quantity-adjustment models. Analysis is based on a set of time-series adjustment models which emphasize the dynamics of labor demand.

Local development through the foundational economy? Priority-setting in Danish municipalities

2020 ◽  
Vol 35 (8) ◽  
pp. 768-786
Author(s):  
Birgitte Nygaard ◽  
Teis Hansen
Keyword(s):  
Economic Development ◽  
Priority Setting ◽  
Development Policy ◽  
Local Governments ◽  
Local Development ◽  
Job Creation ◽  
Well Being ◽  
Structured Interviews ◽  
Economic Development Policy ◽  
Planning Strategies

The foundational economy perspective suggests that industries, which provide services essential to all citizens’ well-being and participation in everyday life, should be placed centrally in economic development policy. This article studies the extent to which local governments put emphasis on foundational industries in their strategies for development. Moreover, drivers behind priority-setting are examined. Based on an analysis of all 98 Danish municipalities’ planning strategies and semi-structured interviews with relevant actors from two rural municipalities, we find that foundational industries are to a great extent emphasised, even if they are not characterised as the foundation for economic development. Rather, foundational industries are prioritised in the absence of other options or when municipalities are not compelled to put local job creation as a crucial focus to attract and maintain inhabitants.

scholarly journals Nonprofit Economic Development Organizations and the Institutional Arrangement of Local Economic Development

2018 ◽  
Vol 4 (1) ◽  
pp. 21 ◽  
Author(s):  
William Hatcher ◽  
Augustine Hammond
Keyword(s):  
Economic Development ◽  
Nonprofit Organizations ◽  
Development Policy ◽  
Local Governments ◽  
Local Economic Development ◽  
Local Development ◽  
Institutional Arrangement ◽  
The United States ◽  
Policy Outcomes ◽  
Economic Development Policy

In the United States, local economic development is increasingly being managed by nonprofit organizations. However, the institutional arrangement of local economic development is an understudied topic in the scholarly literature on nonprofit management and leadership. This paper examines why communities select nonprofits to manage economic development and the effect this institutional arrangement has on local development policy. We hypothesize that the form of local government and the population size of a community are variables affecting the likelihood that a community will select a nonprofit organization for economic development. Additionally, we argue that nonprofit organizations manage economic development differently than agencies directly controlled by local governments. Thus, organizational types influence economic development policy outcomes. To examine the paper’s hypotheses, we use data from the International City/County Management Association’s (ICMA) 2014 economic development survey. The paper’s analysis provides evidence that smaller cities, compared with larger communities, are more likely to select nonprofit organizations to manage economic development, and it appears the selection of a nonprofit to manage economic development influences the type of development tools used by communities.

Choice Of Technique And The Volume Of Saving (A Re-Examination Of The Cobb-Douglas Model)

1968 ◽  
Vol 8 (4) ◽  
pp. 606-617
Author(s):  
Mohammad Anisur Rahman
Keyword(s):  
Economic Development ◽  
Production Function ◽  
Development Policy ◽  
Social Goals ◽  
The Other ◽  
Economic Development Policy ◽  
Labour Intensity ◽  
The One ◽  
Choice Of Technique ◽  
The Relationship

The purpose of this paper is to re-examine the relationship between the degree of aggregate labour-intensity and the aggregate volume of saving in an economy where a Cobb-6ouglas production function in its traditional form can be assumed to give a good approximation to reality. The relationship in ques¬tion has an obviously important bearing on economic development policy in the area of choice of labour intensity. To the extent that and in the range where an increase in labour intensity would adversely affect the volume of savings, a con¬flict arises between two important social objectives, i.e., higher rate of capital formation on the one hand and greater employment and distributive equity on the other. If relative resource endowments in the economy are such that such a "competitive" range of labour-intensity falls within the nation's attainable range of choice, development planners will have to arrive at a compromise between these two social goals.

Governors as Economic Problem Solvers

2012 ◽  
Vol 26 (3) ◽  
pp. 267-276 ◽  
Author(s):  
Charles D. Taylor
Keyword(s):  
Economic Development ◽  
Development Policy ◽  
Economic Problem ◽  
Data Set ◽  
Economic Development Policy ◽  
Quantitative Studies ◽  
New Business ◽  
Scant Attention ◽  
Problem Solvers ◽  
Economic Development Strategies

Despite the important role governors have played in shaping states’ economic development strategies, existing quantitative studies of state economic development policymaking have paid only scant attention to the factors that influence governors’ decisions about economic development policy. This study investigates these factors using a unique data set of gubernatorial economic development proposals generated by content analyzing hundreds of major legislative addresses delivered by governors during the 12-year period from 1995 to 2006. The findings reveal that gubernatorial economic development policymaking is only partially an attempt to solve a state’s economic problems. Economic policy making by governors appears to be driven largely by a desire to compete for new business investment during periods of economic expansion.

The Changing Nature of Irish International Development Policy

2021 ◽  
pp. 176-194
Author(s):  
Paul Walsh ◽  
Ciara Whelan
Keyword(s):  
International Development ◽  
Development Policy ◽  
Domestic Politics ◽  
Development Aid ◽  
Policy Framework ◽  
Foreign Economic Policy ◽  
Economic Development Policy ◽  
International Commitments ◽  
National Economic ◽  
The Eu

Ireland’s involvement in international development has become a significant aspect of its foreign economic policy. Its engagement has moved from priorities that were largely domestically determined in the early 1970s and based on bilateral relationships between Ireland as donor and the recipient programme countries, toward priorities and involvements within a multilateral policy framework. This has come about through Ireland’s increasing engagement with international organizations, particularly the UN and the EU. However as the boundaries blur between Overseas Development Aid (ODA) policy and shared global goals, such as addressing climate breakdown and mitigating the scale of international distributive inequality, this can lead to tensions within countries about the implications of international commitments for the priorities at play in domestic politics. This is evident where Ireland’s ODA-driven commitments in the international field are in tension with domestic policy priorities, but also where tension arises in the area of national economic development policy.

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