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- Economic development - Regional policy and planning (22)
- Economic development - Tax and other business incentives (18)
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Articles 1 - 30 of 45
Full-Text Articles in Regional Economics
Incentives And Local Job Creation, Timothy J. Bartik
Incentives And Local Job Creation, Timothy J. Bartik
Timothy J. Bartik
No abstract provided.
What Works To Help Manufacturing-Intensive Local Economies?, Timothy J. Bartik
What Works To Help Manufacturing-Intensive Local Economies?, Timothy J. Bartik
Timothy J. Bartik
No abstract provided.
Improving Economic Development Incentives, Timothy J. Bartik
Improving Economic Development Incentives, Timothy J. Bartik
Timothy J. Bartik
No abstract provided.
Who Benefits From Economic Development Incentives? How Incentive Effects On Local Incomes And The Income Distribution Vary With Different Assumptions About Incentive Policy And The Local Economy, Timothy J. Bartik
Timothy J. Bartik
This report presents results from a simulation model that examines the effects of economic development incentives (e.g., tax incentives such as property tax abatements or job creation tax credits) provided to businesses by state and local governments in the United States. The model simulates effects of incentive policies on the incomes of local residents, both for different income types (e.g., labor income versus property income) and for different income quintiles, under different assumptions about the economy’s workings and public policy. Net benefits of incentives for local incomes are greater if the incentives have greater job-creation effects conditional on their effects …
New Evidence On State Fiscal Multipliers: Implications For State Policies, Timothy J. Bartik
New Evidence On State Fiscal Multipliers: Implications For State Policies, Timothy J. Bartik
Timothy J. Bartik
When state and local governments engage in balanced budget changes in taxes and spending, what fiscal multiplier effects do such policies have on creating local jobs? Traditionally, the view has been that possible job-creation effects of such state and local “demand-side” policies are smaller, second-order effects. Such effects might be worthwhile to take into consideration when a state or local government balances its budget during a recession, but the effects were believed to be of modest magnitude, and not of major importance for more general state and local public policies. However, recent estimates of fiscal multiplier effects of state and …
Labor-Demand-Side Economic Development Incentives And Urban Opportunity, Timothy J. Bartik
Labor-Demand-Side Economic Development Incentives And Urban Opportunity, Timothy J. Bartik
Timothy J. Bartik
No abstract provided.
Migration And Housing Price Effects Of Place-Based College Scholarships, Timothy J. Bartik, Nathan Sotherland
Migration And Housing Price Effects Of Place-Based College Scholarships, Timothy J. Bartik, Nathan Sotherland
Timothy J. Bartik
Place-based college scholarships, such as the Kalamazoo Promise, provide students who live in a particular place, and/or who attend a particular school district, with generous college scholarships. An important potential benefit from such “Promise programs” is their short-term effects on local economic development. Generous Promise scholarships provide an incentive for families to locate in a particular place, which may change migration patterns, and potentially boost local employment and housing prices. Using data from the American Community Survey, this paper estimates the average effects of eight relatively generous Promise programs on migration rates and housing prices in their local labor market. …
Benefits Vs. Costs Of Business Incentives, Timothy J. Bartik
Benefits Vs. Costs Of Business Incentives, Timothy J. Bartik
Timothy J. Bartik
No abstract provided.
Higher Education, The Health Care Industry, And Metropolitan Regional Economic Development: What Can "Eds & Meds" Do For The Economic Fortunes Of A Metro Area's Residents?, Timothy J. Bartik, George A. Erickcek
Higher Education, The Health Care Industry, And Metropolitan Regional Economic Development: What Can "Eds & Meds" Do For The Economic Fortunes Of A Metro Area's Residents?, Timothy J. Bartik, George A. Erickcek
Timothy J. Bartik
This paper examines the effects of expansions in higher educational institutions and the medical service industry on the economic development of a metropolitan area. This examination pulls together previous research and provides some new empirical evidence. We provide quantitative evidence of the magnitude of economic effects of higher education and medical service industries that occur through the mechanism of providing some export-base demand stimulus to a metropolitan economy. We also provide quantitative evidence on how much higher education institutions can boost a metropolitan economy through increasing the educational attainment of local residence. We estimate that medical service industries pay above …
The Effects Of Metropolitan Job Growth On The Size Distribution Of Family Income, Timothy J. Bartik
The Effects Of Metropolitan Job Growth On The Size Distribution Of Family Income, Timothy J. Bartik
Timothy J. Bartik
This paper examines how a metropolitan area's job growth affects its income distribution. The research uses annual Current Population Survey data on the income distribution in different metropolitan areas from 1979 through 1988. Faster metropolitan job growth increases real family income in the lowest income quintile by a significantly greater percentage than for the average family. Metropolitan job growth also increases the value of property owned by upper income quintiles, but property value effects are not large enough to offset the progressive effects of growth on labor income. Simulations indicate that economic development programs to increase metropolitan job growth will …
The Future Of State And Local Economic Development Policy: What Research Is Needed, Timothy Bartik
The Future Of State And Local Economic Development Policy: What Research Is Needed, Timothy Bartik
Timothy J. Bartik
No abstract provided.
Discussion [Of The Effects Of State And Local Public Services On Economic Development By Ronald C. Fisher], Timothy Bartik
Discussion [Of The Effects Of State And Local Public Services On Economic Development By Ronald C. Fisher], Timothy Bartik
Timothy J. Bartik
No abstract provided.
Federal Policy Towards State And Local Economic Development In The 1990s, Timothy J. Bartik
Federal Policy Towards State And Local Economic Development In The 1990s, Timothy J. Bartik
Timothy J. Bartik
This paper suggests new federal policies towards state and local economic development assistance to business. I argue that there is some evidence that these programs can be effective in encouraging business growth and helping the unemployed. But state and local governments do not have the right incentives to adequately pursue national goals through economic development programs. State and local governments are not inclined to do quality evaluations of their programs and tend to favor business attraction programs over programs that might increase U.S. business productivity. In addition, it is unclear whether economic development efforts are most vigorously pursued by economically …
Economic Development Incentive Wars, Timothy J. Bartik
Economic Development Incentive Wars, Timothy J. Bartik
Timothy J. Bartik
No abstract provided.
Economic Development Strategies, Timothy J. Bartik
Economic Development Strategies, Timothy J. Bartik
Timothy J. Bartik
This paper provides a guide to economic development policies for local government managers. Local economic development policies today include not only tax subsidies for branch plants, but also job training to provide workers to businesses, advice and support services for potential entrepreneurs, and extension services to help businesses modernize and export. To help local government managers, this paper suggests a number of guiding principles, including: local economic development should be pursued cooperatively across the local labor market; economic development programs should consider the quality of jobs created; tax subsidies are expensive per job created; development subsidies are more effective if …
Thoughts On American Manufacturing Decline And Revitalization, Timothy J. Bartik
Thoughts On American Manufacturing Decline And Revitalization, Timothy J. Bartik
Timothy J. Bartik
No abstract provided.
Maximum Score Estimates Of The Determinants Of Residential Mobility: Implications For The Value Of Residential Attachment And Neighborhood Amenities, Timothy J. Bartik, J. S. Butler, Jin-Tan Liu
Maximum Score Estimates Of The Determinants Of Residential Mobility: Implications For The Value Of Residential Attachment And Neighborhood Amenities, Timothy J. Bartik, J. S. Butler, Jin-Tan Liu
Timothy J. Bartik
This paper examines the determinants of the decision of low-income renters to move out of their current dwelling. Maximum score estimation is shown to be superior to ordinary discrete choice estimation techniques (probit, logit) for this problem, and for similar discrete choices that require revering a previously optimal decision. The estimation reveals psychological costs from moving for typical low income renters of at least 8% of their income ; these costs are even higher for older, longer tenure, or minority households. Policies that displace low income renters will have large social costs. In addition, the estimation results are used to …
The Perplexing Literature On Growth And Change, Timothy Bartik, Thomas Boehm, Alan Schlottmann
The Perplexing Literature On Growth And Change, Timothy Bartik, Thomas Boehm, Alan Schlottmann
Timothy J. Bartik
No abstract provided.
What Should The Federal Government Be Doing About Urban Economic Development?, Timothy J. Bartik
What Should The Federal Government Be Doing About Urban Economic Development?, Timothy J. Bartik
Timothy J. Bartik
The federal government should focus its policies towards economic development on areas in which the federal government has some unique advantages. Federal policy should: (1) discourage financial subsidies to specific large firms by state and local governments; (2) expand the federal role in economic development services in which national action has some special advantages, such as developing information on foreign markets, encouraging large national banks to be more involved in economic development, supporting the development of the "Information Superhighway," and encouraging new technology development; (3) provide modest support for state and local efforts to increase business productivity through technology extension …
Saturn And State Economic Development, Timothy J. Bartik, Charles Becker, Steve Lake, John Bush
Saturn And State Economic Development, Timothy J. Bartik, Charles Becker, Steve Lake, John Bush
Timothy J. Bartik
No abstract provided.
Incentive Solutions, Timothy J. Bartik
Incentive Solutions, Timothy J. Bartik
Timothy J. Bartik
This paper reviews the research literature relevant to economic development incentives provided by state and local governments, and recommends reforms in these incentives. I argue that the main problem with current incentive policies is that state and local governments often provide incentives that are not in the best interest of that state or local area, for example that are excessively costly per job created, or that provide jobs that do not improve the job opportunities of local residents. I suggest that reforms should be "bottom-up" rather than "top-down." Regulation of incentives by the federal government, or by international trade treaties, …
How Effects Of Local Labor Demand Shocks Vary With Local Labor Market Conditions, Timothy J. Bartik
How Effects Of Local Labor Demand Shocks Vary With Local Labor Market Conditions, Timothy J. Bartik
Timothy J. Bartik
This paper estimates how effects of shocks to local labor demand on local labor market outcomes vary with initial local economic conditions. The data are on U.S. metro areas from 1979 to 2011. The paper finds that demand shocks to local job growth have greater effects in reducing local unemployment rates if the local economy is initially depressed than if the local economy is booming. Demand shocks have greater effects on local wage rates if the local unemployment rate is initially low, but lesser effects if local job growth is initially high. These different effects of local demand shocks imply …
Jobs, Productivity, And Local Economic Development: What Implications Does Economic Research Have For The Role Of Government?, Timothy Bartik
Jobs, Productivity, And Local Economic Development: What Implications Does Economic Research Have For The Role Of Government?, Timothy Bartik
Timothy J. Bartik
No abstract provided.
From Preschool To Prosperity: The Economic Payoff To Early Childhood Education, Timothy J. Bartik
From Preschool To Prosperity: The Economic Payoff To Early Childhood Education, Timothy J. Bartik
Timothy J. Bartik
Bartik shows that investment in high-quality early childhood education has several long-term benefits, including higher adult earnings for program participants.
"Eds & Meds" And Metropolitan Economic Development, Timothy J. Bartik, George A. Erickcek
"Eds & Meds" And Metropolitan Economic Development, Timothy J. Bartik, George A. Erickcek
Timothy J. Bartik
No abstract provided.
What Should Michigan Be Doing To Promote Long-Run Economic Development?, Timothy J. Bartik
What Should Michigan Be Doing To Promote Long-Run Economic Development?, Timothy J. Bartik
Timothy J. Bartik
This paper argues that Michigan can take cost-effective actions to significantly improve the primary state economic development goal: higher per capita income of Michigan's residents. Higher per capita income of Michigan's residents can be achieved through state policy actions that use cost-effective means to either lower the marginal costs of businesses that expand in the state, or boost the skills of state residents. In this paper, I offer eight ideas for how to lower marginal business costs and boost skills. Four of these ideas focus on lowering marginal business costs. Four other ideas focus on boosting skills. For each of …
The Market Failure Approach To Regional Economic Development Policy, Timothy Bartik
The Market Failure Approach To Regional Economic Development Policy, Timothy Bartik
Timothy J. Bartik
No abstract provided.
Local Economic Development Policies, Timothy J. Bartik
Local Economic Development Policies, Timothy J. Bartik
Timothy J. Bartik
This chapter seeks to provide useful advice for local government policy towards economic development programs. The chapter: reviews the size and scope of local economic development programs in the United States; critically analyzes the various rationales offered for these programs; makes recommendations for what local policy should do about business attraction and incentives, business retention, new business development, high technology development, brownfield development, distressed neighborhoods, and downtowns; and discusses how local economic development programs should be organized, managed, and evaluated.
Better Evaluation Is Needed For Economic Development Programs To Thrive, Timothy Bartik
Better Evaluation Is Needed For Economic Development Programs To Thrive, Timothy Bartik
Timothy J. Bartik
No abstract provided.
Eight Issues For Policy Toward Economic Development Incentives, Timothy Bartik
Eight Issues For Policy Toward Economic Development Incentives, Timothy Bartik
Timothy J. Bartik
No abstract provided.