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Evaluating The Efficiency Of Local Economic Development Policies

Author

Listed:
  • Sautiut Lavinia Sidonia

    (Oradea City Hall, Faculty of Economics)

  • Sarac Ionut Pavel

    (Oradea City Hall, 1 Decembrie 1918 Alba Iulia)

Abstract

This paper studies the way public authorities can fundament and evaluate the local economic development policies they want to promote, according to their efficiency. After presenting the relevant literature overview regarding the local economic development and its policies, we try to underline the importance of evaluating and prioritizing the local development policies and also to propose an efficiency-based model that we later use in building and evaluating local development policies scenarios. The research methodology is both descriptive, while presenting the theoretical framework, and empirical, while building scenarios and evaluating local policies. The obtained results show us that the local policy we tested is efficient, enabling new investments to bring bigger financial benefits than the cost needed to attract them.

Suggested Citation

  • Sautiut Lavinia Sidonia & Sarac Ionut Pavel, 2011. "Evaluating The Efficiency Of Local Economic Development Policies," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 131-136, July.
    • Handle: RePEc:ora:journl:v:1:y:2011:i:1:p:131-136
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    File URL: http://anale.steconomiceuoradea.ro/volume/2011/n1/082.pdf
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    More about this item

    Keywords

    local development; policies; measuring; efficiency;
    All these keywords.

    JEL classification:

    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
    • O22 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Project Analysis

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