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Internal Monitoring of Quality of Life for Economic Development

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  • Dowell Myers

    (University of Wisconsin—Madison)

Abstract

Quality of life is well recognized as an important factor shaping local economic development. To date, emphasis has been placed on external comparisons between communities. This article calls for an alternative approach to supplement quality of life comparisons. Internal monitoring of local trends is required to guard against deterioration that may harm future attraction. Quality of life should be viewed as a strategic resource to be managed for its long-term contributions to economic development. To illustrate, dramatic changes in one community, Austin, Texas, are reviewed and evidence is reported from a citizen survey. Highly skilled residents are found to be more sensitive to negative trends in the community's quality of life, threatening Austin's economic development plans aimed at high technology. The evidence indicates that employee retention, as well as recruitment, may be harmed by quality of life deterioration.

Suggested Citation

  • Dowell Myers, 1987. "Internal Monitoring of Quality of Life for Economic Development," Economic Development Quarterly, , vol. 1(3), pages 268-278, August.
    • Handle: RePEc:sae:ecdequ:v:1:y:1987:i:3:p:268-278
    DOI: 10.1177/089124248700100309
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    Cited by:

    1. R J Rogerson & A M Findlay & A S Morris & M G Coombes, 1989. "Indicators of Quality of Life: Some Methodological Issues," Environment and Planning A, , vol. 21(12), pages 1655-1666, December.
    2. Novak, Jiri & Bilinski, Pawel, 2018. "Social stigma and executive compensation," Journal of Banking & Finance, Elsevier, vol. 96(C), pages 169-184.
    3. Love, Lisa L. & Crompton, John L., 1999. "The Role of Quality of Life in Business (Re)Location Decisions," Journal of Business Research, Elsevier, vol. 44(3), pages 211-222, March.
    4. Zhu, Juan & Jiang, Dequan & Shen, Yongjian & Shen, Yuxin, 2021. "Does regional air quality affect executive turnover at listed companies in China?," Economic Modelling, Elsevier, vol. 97(C), pages 428-436.
    5. Clinton J Andrews, 2001. "Analyzing Quality-of-Place," Environment and Planning B, , vol. 28(2), pages 201-217, April.
    6. Dou, Huan & Pang, Xinyuan & Ke, Huan & Liu, Yuanyuan, 2024. "Pain or gain? The effects of transportation infrastructure on labor costs in China 1," International Review of Economics & Finance, Elsevier, vol. 91(C), pages 413-431.
    7. Cecilia Wong, 2002. "Developing Indicators to Inform Local Economic Development in England," Urban Studies, Urban Studies Journal Limited, vol. 39(10), pages 1833-1863, September.
    8. Tan, Weiqiang & Xie, Chenxin & Ye, Dezhu, 2024. "Do urban educational resources affect corporate labor costs?," Economic Modelling, Elsevier, vol. 130(C).

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