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The Differential Impact of Regional Policies on Economic Growth: One Size Does Not Fit All

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  • Nizalov, Denys
  • Loveridge, Scott

Abstract

We analyze the impact of Michigan economic development policies and highway infrastructure improvements on per capita income and job growth in 1990s using fixed effect estimation procedure. We also improve measurement of policy treatment while accounting for possible spillover effect. The policies considered for analysis have significant impact on growth outcomes. However this effect is non-linear. The size of this impact changes over time and the path of change varies by type of policy. Policy impacts are different between metro and non-metropolitan areas. Also, cross-policy effects are found. The results can assist decision makers in targeting policies.

Suggested Citation

  • Nizalov, Denys & Loveridge, Scott, 2005. "The Differential Impact of Regional Policies on Economic Growth: One Size Does Not Fit All," 2005 Annual meeting, July 24-27, Providence, RI 19360, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea05:19360
    DOI: 10.22004/ag.econ.19360
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    Cited by:

    1. Mark D. Partridge & Dan S. Rickman & Kamar Ali & M. Rose Olfert, 2008. "The Geographic Diversity of U.S. Nonmetropolitan Growth Dynamics: A Geographically Weighted Regression Approach," Land Economics, University of Wisconsin Press, vol. 84(2), pages 241-266.
    2. Scott Loveridge & Denys Nizalov, 2007. "Operationalizing the Entrepreneurial Pipeline Theory: An Empirical Assessment of the Optimal Size Distribution of Local Firms," Economic Development Quarterly, , vol. 21(3), pages 244-262, August.
    3. Loveridge, Scott & Nizalov, Denys, 2007. "Increasing the Equity and Efficiency of Tax Abatement Programs," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 37(1), pages 1-5.
    4. Pula Lekë & Elshani Alban, 2018. "Role of Public Expenditure in Economic Growth: Econometric Evidence from Kosovo 2002–2015," Baltic Journal of Real Estate Economics and Construction Management, Sciendo, vol. 6(1), pages 74-87, June.
    5. Peter Schaeffer & Randall Jackson & Eric Bowen, 2018. "Implicit Regional Economic Goals and Objectives: A Study of U.S. Development Programs," Working Papers Working Paper 2018-06, Regional Research Institute, West Virginia University.
    6. Peter V. Schaeffer & Scott Loveridge, 2009. "Regional Science and State Rural Policy Research," International Regional Science Review, , vol. 32(4), pages 509-522, October.

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