Local Economic Development Policies and Business Activity: Dynamic Panel Data Analysis of All County Governments in the State of Georgia

Abstract

Governments use economic development incentives to attract new investment and retain existing businesses. Empirical evidence for their effectiveness remains inconclusive. This research tests the effect of incentives on the number of firms, employees, and their payroll in a longitudinal study of all county governments in the state of Georgia over 16 years. It incorporates a comprehensive set of incentives offered by counties to attract and retain businesses and accounts for the frequency of their use and financing level. Empirical findings indicate that industrial development bonds are significantly associated with the number of firms in the average county. This association is stronger in rural areas and not significant in urban counties. Subsidies, on the other hand, tend to be negatively associated with the number of firms in urban counties, but not in rural counties. No incentive is significantly correlated with firm employees or payroll.

Promotion of business administration to financial and economic development in big data environment

“…The business administration needs to give full play to its own functions, constantly change its own ideas according to the corresponding needs, and give full play to its own regulatory functions. At the same time, we should strictly control all aspects of the supervision work to ensure the consistency between them [7][8]. Analyzing such questions at different levels, the business administration will also have certain changes due to different positions in different departments, on a certain basis, it has a coordination function and also plays an intermediary role in the market.…”

Spatial tax regimes and location choices of manufacturing firms: Survey evidence in southern Tunisia

“…All authors of this paper have consented to its submission and its publication. ORCID Rawaa Laajimi https://orcid.org/0000-0002-0464-8774 ENDNOTES 1 For example: Gabe and Bell (2004), Bhat et al (2014), Hyman et al (2022), Ivonchyk (2022) and Scavette (2023) in the United States; Devereux et al (2007), Duranton et al (2006), Brülhart and Simpson (2018), in Great Britain; Rathelot and Sillard (2008), Briant et al (2015), Mayer et al (2017) in France. 2 Of the respondents, 41% are owners of these firms and 16% are directors.…”

“…There is no unanimous theoretical agreement on whether tax rate cuts and grants attract new firms. Reducing tax rates in specific regions can attract economic actors (Ivonchyk, 2022; Rohlin et al, 2014). When a local jurisdiction reduces its tax rates, it gains relative attractiveness compared with its neighboring areas for economic activities (Rathelot & Sillard, 2008; Wildasin, 1988; Wilson, 1991).…”

“…1 1 For example: Gabe and Bell (2004), Bhat et al (2014), Hyman et al (2022), Ivonchyk (2022) and Scavette (2023) in the United States; Devereux et al (2007), Duranton et al (2006), Brülhart and Simpson (2018), in Great Britain; Rathelot and Sillard (2008), Briant et al (2015), Mayer et al (2017) in France. …”

The State of Agricultural Development and Industrial Prosperity Pathway and Strategy Design in the Context of Data-Driven and Rural Revitalization

“…The quantitative analysis function of big data is used to discover the current situation and problems of rural poverty governance governance for quantitative assessment, and to analyze the correlation and causal relationship between rural poverty governance problems and rural resources and agricultural factors [4]. The achievement of agricultural and rural development goals requires inputs of production factors including land, human, capital, and technology [5]. The financial industry and economic development complement each other, and this is also true [6].…”