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Takings and Tax Revenue: Fiscal Impacts of Eminent Domain

Author

Listed:
  • Kerekes Carrie B.

    (Economics and Finance, Lutgert College of Business, Florida Gulf Coast University, Fort Myers, Florida, USA)

  • Stansel Dean

    (Economics and Finance, Lutgert College of Business, Florida Gulf Coast University, Fort Myers, Florida, USA)

Abstract

In the landmark 2005 Kelo case, the Supreme Court ruled that eminent domain takings for private development constituted permissible “public use” because of their potential to produce higher revenue. This paper provides the first examination of that relationship between eminent domain activity and state and local revenue. We find virtually no evidence of a positive relationship between the number of eminent domain takings for private use (such as the one that led to the Kelo decision) and the level of revenue. We find some limited evidence of a negative relationship between eminent domain and future revenue growth.

Suggested Citation

  • Kerekes Carrie B. & Stansel Dean, 2016. "Takings and Tax Revenue: Fiscal Impacts of Eminent Domain," Review of Law & Economics, De Gruyter, vol. 12(2), pages 275-309, July.
    • Handle: RePEc:bpj:rlecon:v:12:y:2016:i:2:p:275-309:n:3
    DOI: 10.1515/rle-2015-0001
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    References listed on IDEAS

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    1. Daron Acemoglu & Simon Johnson & James A. Robinson, 2002. "Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 117(4), pages 1231-1294.
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    More about this item

    Keywords

    eminent domain; state tax revenue; local tax revenue; takings;
    All these keywords.

    JEL classification:

    • K11 - Law and Economics - - Basic Areas of Law - - - Property Law
    • H7 - Public Economics - - State and Local Government; Intergovernmental Relations
    • R5 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis

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