scholarly journals More employers, more jobs, more money: An empirical analysis of local economic development policy impacts in US cities

2007 ◽  
Vol 54 (4) ◽  
pp. 445-467 ◽  
Author(s):  
Stuart Strother
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Development Policy ◽  
Local Economic Development ◽  
Tax Base ◽  
Data Set ◽  
Economic Development Policy ◽  
Development Policies ◽  
The Relationship ◽  
Us Cities

Local government leaders in the U. S. employ a multitude of programs and policies in the name of economic development to increase the number of firms, employment, wages, and, of course, the tax base. The past few decades have seen a surge in local economic development policies, yet research analyzing their effectiveness is sparse. This study analyzes the relationship between local economic development policy and economic growth in a data set of 412 U. S. cities. Results indicate that policy has only has a weak correlation with economic growth, suggesting that growth is determined more by market conditions rather than government intervention. The article concludes with an entrepreneurial policy approach this author believes may yield development results in an era of limited policy effectiveness.

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 Use of Planning Methodologies in Local Economic Development Decisionmaking

1997 ◽  
Vol 15 (3) ◽  
pp. 285-303 ◽  
Author(s):  
L A Reese
Keyword(s):  
Economic Development ◽  
Local Economic Development ◽  
Economic Base ◽  
Demand Side ◽  
Local Planning ◽  
Evaluation Activity ◽  
Evaluation Practices ◽  
Development Policies ◽  
Us Cities

In this paper the nature and extent of local planning and evaluation practices and their impact on economic development policies are examined. Based on data from a survey of Canadian and US cities with populations over 10 000, several conclusions are drawn; (1) it appears that the extent of planning and evaluation of local economic development policies is limited in cities in both nations; (2) conditions which appear to be associated with planning and evaluation include expected growth in economic base, more land available for development, larger local budgets for economic development, and greater professionalism among economic development officials; and (3) although more planning and evaluation activity is related to an increased use of all types of economic development techniques, planning appears to interact with other local forces in a manner which may lead to more entrepreneurial, demand-side, or redistributive economic development policies.

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