IDEAS home Printed from https://ideas.repec.org/a/sae/ecdequ/v8y1994i3p256-269.html
   My bibliography  Save this article

Three Strategies of State Economic Development: Entrepreneurial, Industrial Recruitment, and Deregulation Policies in the American States

Author

Listed:
  • Kevin T. Leicht

    (Pennsylvania State University)

  • J. Craig Jenkins

    (Ohio State University)

Abstract

State governments have adopted a wide variety of policies to promote economic development over the past two decades. There has been little progress, however in developing a clear conceptualization of the general strategies that underlie these programs or in assessing their impact on economic growth. Using confirmatory factor analysis, the authors examine a wide range of these policies, finding evidence of three general approaches: (1) an entrepreneurial approach focusing on new firm and technology development; (2) an industrial recruitment strategy emphasizing financial incentives for the relocation or expansion of existing enterprises; and (3) a deregulation approach that minimizes governmental control over private enterprise. These policies are modestly associated with particular regions of the United States. The entrepreneurial strategy appears to boost new business incorporations, and the recruitment approach reduces business failures. The results complement and extend other attempts to measure state economic development strategy.

Suggested Citation

  • Kevin T. Leicht & J. Craig Jenkins, 1994. "Three Strategies of State Economic Development: Entrepreneurial, Industrial Recruitment, and Deregulation Policies in the American States," Economic Development Quarterly, , vol. 8(3), pages 256-269, August.
  • Handle: RePEc:sae:ecdequ:v:8:y:1994:i:3:p:256-269
    DOI: 10.1177/089124249400800303
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/089124249400800303
    Download Restriction: no

    File URL: https://libkey.io/10.1177/089124249400800303?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. James Tanoos, 2012. "Industry-Based Foreign Direct Investment Around State Gubernatorial Elections: Evidence From The United States," Global Journal of Business Research, The Institute for Business and Finance Research, vol. 6(5), pages 1-18.
    2. Florian Neumeier, 2018. "Do Businessmen Make Good Governors?," Economic Inquiry, Western Economic Association International, vol. 56(4), pages 2116-2136, October.
    3. Yeboah, Osei-Agyeman & Thompson, Henry, 2003. "Impact of Subsidies Across Alabama Counties: An Econometric Interpretation," 2003 Annual meeting, July 27-30, Montreal, Canada 21905, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Ki-yong Hong, 2003. "Regional Economic Policy Transition in the Local Government of Korea," ERSA conference papers ersa03p478, European Regional Science Association.
    5. Barkley, David L. & DiFurio, Ferdinand & Leatherman, John C., 2004. "The Role of A Public Venture Capital Program in State Economic Development: The Case of Kansas Venture Capital, Inc," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 34(4), pages 1-24.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:ecdequ:v:8:y:1994:i:3:p:256-269. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.