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Policy Research in an Imperfect World: Response to Terry F. Buss, “The Case Against Targeted Industry Strategiesâ€

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  • Wim Wiewel

    (University of Illinois at Chicago)

Abstract

It is a sign of the coming of age of economic development research that tough questions are being asked about the quality of the data, how solid the conclusions from research are, and when we are better off with limited data and knowledge than without them. Buss makes a valuable contribution in raising these issues. He goes too far in damning all studies because individual errors appear in some of them and is wrong in calling the studies atheoretical. His ideological bias causes him to attack any tinkering with the free market; on that basis, all economic development efforts are inappropriate. However, more external review of targeting studies and more evaluation of targeting programs would greatly improve the quality of data, studies, and economic development policy and practice.

Suggested Citation

  • Wim Wiewel, 1999. "Policy Research in an Imperfect World: Response to Terry F. Buss, “The Case Against Targeted Industry Strategiesâ€," Economic Development Quarterly, , vol. 13(4), pages 357-360, November.
    • Handle: RePEc:sae:ecdequ:v:13:y:1999:i:4:p:357-360
    DOI: 10.1177/089124249901300407
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    Cited by:

    1. Peter Calcagno & Frank Hefner, 2018. "Targeted Economic Incentives: An Analysis of State Fiscal Policy and Regulatory Conditions," The Review of Regional Studies, Southern Regional Science Association, vol. 48(1), pages 71-91, Spring.
    2. Russell S. Sobel & Gary A. Wagner & Peter T. Calcagno, 2024. "The political economy of state economic development incentives: A case of rent extraction," Economics and Politics, Wiley Blackwell, vol. 36(1), pages 104-151, March.
    3. Terry F. Buss, 1999. "To Target or Not to Target, That’s the Question: A Response to Wiewel and Finkle," Economic Development Quarterly, , vol. 13(4), pages 365-370, November.
    4. Calcagno, Peter T. & Hefner, Frank L., 2007. "State Targeting of Business Investment: Does Targeting Increase Corporate Tax Revenue?," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 37(2), pages 1-13.
    5. Elsie Harper-Anderson, 2008. "Measuring the Connection Between Workforce Development and Economic Development," Economic Development Quarterly, , vol. 22(2), pages 119-135, May.
    6. Terry F. Buss, 2001. "The Effect of State Tax Incentives on Economic Growth and Firm Location Decisions: An Overview of the Literature," Economic Development Quarterly, , vol. 15(1), pages 90-105, February.

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