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Benefits and Costs of Regional Development: Evidence from Ohio’s Enterprise Zone Programme

In: Incentives for Regional Development

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  • Kala Seetharam Sridhar

Abstract

As highlighted in Chapter 4, the challenge that has been raised against Ohio’s enterprise zone programme is that it is a means of lobbying by regions to get zone designation. Thus, most areas in Ohio enjoy the associated benefits of being able to offer incentives even though they may not deserve to be doing so, as in the case of limited authority zones. This results in the proliferation of such programmes, ending in the ‘pirating’ of firms and jobs from one place to another, that eventually become zero-sum in their effects. This challenge, which has been the topic of many legislative discussions in Ohio and elsewhere, provides the motivation for the research in this chapter. Further, in this chapter, as in Chapter 3, I test the theoretical model we developed in Chapter 2. The question of whether or not the cost of the EZ programme exceeds the economic rent from jobs created in the EZ, at equilibrium, forms the basis for the benefit-cost analysis reported in this chapter.

Suggested Citation

  • Kala Seetharam Sridhar, 2005. "Benefits and Costs of Regional Development: Evidence from Ohio’s Enterprise Zone Programme," Palgrave Macmillan Books, in: Incentives for Regional Development, chapter 5, pages 87-114, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-51380-8_5
    DOI: 10.1057/9780230513808_5
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    References listed on IDEAS

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    1. Kala Seetharam Sridhar, 1996. "Tax Costs and Employment Benefits of Enterprise Zones," Economic Development Quarterly, , vol. 10(1), pages 69-90, February.
    2. John F. McDonald, 1997. "Comment on Kala Seetharam Sridhar's (1996) "Tax Costs and Employment Benefits of Enterprise Zones"," Economic Development Quarterly, , vol. 11(3), pages 222-224, August.
    3. Papke, Leslie E., 1994. "Tax policy and urban development : Evidence from the Indiana enterprise zone program," Journal of Public Economics, Elsevier, vol. 54(1), pages 37-49, May.
    4. Timothy J. Bartik, 1991. "Who Benefits from State and Local Economic Development Policies?," Books from Upjohn Press, W.E. Upjohn Institute for Employment Research, number wbsle.
    5. Boarnet, Marlon G. & Bogart, William T., 1996. "Enterprise Zones and Employment: Evidence from New Jersey," Journal of Urban Economics, Elsevier, vol. 40(2), pages 198-215, September.
    6. David E. Dowall, 1996. "An Evaluation of California's Enterprise Zone Programs," Economic Development Quarterly, , vol. 10(4), pages 352-368, November.
    7. Dan Y. Dabney, 1991. "Do Enterprise Zone Incentives Affect Business Location Decisions?," Economic Development Quarterly, , vol. 5(4), pages 325-334, November.
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    Cited by:

    1. Daniele Bondonio & Robert T. Greenbaum, 2003. "A comparative evaluation of spacially targeted economic revitalization programs in the European Union and the United States," ICER Working Papers 03-2003, ICER - International Centre for Economic Research.
    2. repec:npf:wpaper:19 is not listed on IDEAS
    3. Sridhar, Kala Seetharam, 2004. "Impact of the enterprise zone," Working Papers 04/19, National Institute of Public Finance and Policy.
    4. Jarosław M. Nazarczuk & Marlena Cicha-Nazarczuk, 2024. "Sustainable Employment Creation through the Polish Investment Zone in Lagging Regions," Sustainability, MDPI, vol. 16(12), pages 1-14, June.
    5. Sumei Zhang, 2019. "Rethinking U.S. enterprise zones: The role of research design in program evaluation," Local Economy, London South Bank University, vol. 34(6), pages 545-571, September.
    6. repec:ind:nipfwp:19 is not listed on IDEAS
    7. Sumei Zhang, 2020. "Do Research Methods Matter in Enterprise Zone Outcome Evaluations?," Economic Development Quarterly, , vol. 34(3), pages 299-309, August.
    8. Jasper Beekmans & Huub Ploegmakers & Karel Martens & Erwin van der Krabben, 2016. "Countering decline of industrial sites: Do local economic development policies target the neediest places?," Urban Studies, Urban Studies Journal Limited, vol. 53(14), pages 3027-3047, November.

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