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Effects of state and local public policies on economic development: an overview

Author

Listed:
  • Katharine L. Bradbury
  • Yolanda Kodrzycki
  • Robert Tannenwald

Abstract

The use of state and local public policy as an instrument of economic development is more controversial than ever. Profound technological and political changes have enhanced the geographic mobility of capital and extended firms' geographic range, intensifying competition among states and localities. At the same time, demand for state and local public services continues to rise, while impending reductions in federal aid compound the states' fiscal dilemma.> Caught between conflicting long-run fiscal pressures, state and local policymakers have sought advice on which policies are most cost-effective in stimulating their jurisdictions' economies. A symposium held at the Federal Reserve Bank of Boston on November 8, 1996 brought together experts from government, academia, business and finance, and research and other organizations, to examine and critique evidence on the effectiveness of state and local tax, spending, and regulatory policies as instruments of economic development.

Suggested Citation

  • Katharine L. Bradbury & Yolanda Kodrzycki & Robert Tannenwald, 1997. "Effects of state and local public policies on economic development: an overview," New England Economic Review, Federal Reserve Bank of Boston, issue Mar, pages 1-12.
    • Handle: RePEc:fip:fedbne:y:1997:i:mar:p:1-12
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    Citations

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    Cited by:

    1. Juan Carlos Suárez Serrato & Owen Zidar, 2016. "Who Benefits from State Corporate Tax Cuts? A Local Labor Markets Approach with Heterogeneous Firms," American Economic Review, American Economic Association, vol. 106(9), pages 2582-2624, September.
    2. Catherine Co & John List, 2004. "Is foreign direct investment attracted to 'knowledge creators'?," Applied Economics, Taylor & Francis Journals, vol. 36(11), pages 1143-1149.
    3. Riefler, Roger F., 2005. "A New Geography for Information Technology Activity?," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 35(2), pages 1-10.
    4. Robert W. Wassmer & John E. Anderson, 2001. "Bidding for Business: New Evidence on the Effect of Locally Offered Economic Development Incentives in a Metropolitan Area," Economic Development Quarterly, , vol. 15(2), pages 132-148, May.
    5. Jia Wang & Weici Yuan & Cynthia Rogers, 2020. "Economic Development Incentives: What Can We Learn From Policy Regime Changes?," Economic Development Quarterly, , vol. 34(2), pages 116-125, May.
    6. Melanie Rapino & Benjamin Spaulding & Dean M. Hanink, 2006. "Have Per Capita Earnings and Income Converged across New England?," Growth and Change, Wiley Blackwell, vol. 37(4), pages 620-637, December.
    7. Chirinko, Robert S. & Wilson, Daniel J., 2008. "State investment tax incentives: A zero-sum game?," Journal of Public Economics, Elsevier, vol. 92(12), pages 2362-2384, December.
    8. repec:rre:publsh:v:36:y:2006:i:1:p:15-43 is not listed on IDEAS
    9. Gramzow, Andreas, 2009. "Rural development as provision of local public goods: Theory and evidence from Poland," Studies on the Agricultural and Food Sector in Transition Economies, Leibniz Institute of Agricultural Development in Transition Economies (IAMO), volume 51, number 92313.
    10. Côme Billard & Anna Creti & Antoine Mandel, 2020. "How Environmental Policies Spread? A Network Approach to Diffusion in the U.S," Working Papers 2020.12, FAERE - French Association of Environmental and Resource Economists.
    11. Lorenz Blume, 2006. "Local economic policies as determinants of the local business climate: Empirical results from a cross-section analysis among East German municipalities," Regional Studies, Taylor & Francis Journals, vol. 40(4), pages 321-333.
    12. Linda Lobao & P. Wilner Jeanty & Mark Partridge & David Kraybill, 2012. "Poverty and Place across the United States," International Regional Science Review, , vol. 35(2), pages 158-187, April.

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    Keywords

    Economic development; state finances;

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