The Future of State and Local Economic Development Policy: What Research Is Needed

Bartik, Timothy J.

doi:10.1111/j.1468-2257.2012.00597.x

Cited by 25 publications

(19 citation statements)

References 47 publications

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“…To be sure, the relative effectiveness of various approaches to stimulating local demand remains an open question (Bartik, 2012;Glaeser & Gottlieb, 2008;Partridge & Rickman, 2006a, Chap. To be sure, its importance increased post-2000 in metropolitan areas across industries generally and for manufacturing employment specifically in nonmetropolitan areas, particularly in the long run.…”

Section: Discussionmentioning

confidence: 99%

U.S. Regional Poverty Post-2000

Partridge

Rickman

Tan

et al. 2014

Economic Development Quarterly

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The strong U.S. real income gains and reductions in poverty during the 1990s were largely erased in the following decade, which contained two economic recessions and tepid job growth otherwise. Areas most affected by weak U.S. economic performance could be expected to also have experienced the largest increases in poverty, particularly if interregional labor market adjustment diminished during the decade. We examine this issue, finding that not only was regional poverty affected by regional labor demand shocks, the effect was stronger post-2000. Consistent with the poverty results are findings of greater post-2000 regional labor demand effects on employment rates and reduced population adjustments to asymmetric labor demand shocks.

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Section: Discussionmentioning

confidence: 99%

U.S. Regional Poverty Post-2000

Partridge

Rickman

Tan

et al. 2014

Economic Development Quarterly

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“…The results of this study are also relevant to the literature on local economic development and place-based policies (Bartik, 2012;Neumark & Simpson, 2015). To the extent that such policies seek to support or develop an industrial cluster, it is important to account for the within-industry characteristics of the workforce relevant for the cluster.…”

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confidence: 87%

Within‐industry agglomeration of occupations: Evidence from census microdata

Goldman

Klier

Walstrum

2019

Journal of Regional Science

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This study uses worker‐level data on industry, occupation, and place of work to explore differences in the spatial properties of production, administrative, and R&D occupation groups within industries. To measure differences, we calculate location quotients at the local labor market level and the Duranton and Overman (2005) agglomeration index for each group. We find appreciable differences in the spatial distribution of occupation groups within most manufacturing industries, with R&D occupations consistently exhibiting the highest degree of spatial concentration. Our results are consistent with the core theoretical and empirical results in the agglomeration literature.

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“…Responsibility for policies supporting local economic growth and jobs increasingly lies with state and local policymakers. As political polarization and limited federal resources hamper federal responses to the sluggish labor market, demands for state and local officials "to do something about jobs" will likely increase (Bartik 2012). Often local job creation policies focus on increasing business retention and recruitment through grants, low-interest financing, and other nontax economic development incentives.…”

Section: Introductionmentioning

confidence: 99%

Jobless Capital? The Role of Capital Subsidies

Patrick

2015

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in ABSTRACTUsing tax abatements, financial incentives, and public investments to attract (or retain) firms is the primary economic development tool for many local governments. Often local job creation policies focus on increasing capital through grants, low-interest financing, and other economic development incentives. Theory predicts that capital subsidies induce firm behaviors that limit their job creation effects. This paper employs the Incentives Environment Index, constructed from state constitutional provisions that limit and structure the ability of state and local governmental entities to aid private enterprises, and five-year county panels to test theoretical predictions on county capital expenditure and input mixes as well as industry establishment shares. The results indicate the act of increasing capital subsidy tools is associated with capital-labor substitution, decreased employment density, and changes in local industry mix. Results are robust to alternative empirical specifications and measures of capital subsidy availability. JEL Classification Codes: R32, H25, R11

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The Future of State and Local Economic Development Policy: What Research Is Needed

Cited by 25 publications

References 47 publications

U.S. Regional Poverty Post-2000

U.S. Regional Poverty Post-2000

Within‐industry agglomeration of occupations: Evidence from census microdata

Jobless Capital? The Role of Capital Subsidies

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