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Place-Based Policies
Neumark, David - 2014
Place-based policies commonly target underperforming areas, such as deteriorating downtown business districts and disadvantaged regions. Principal examples include enterprise zones, European Union Structural Funds, and industrial cluster policies. Place-based policies are rationalized by various...
Persistent link: https://www.econbiz.de/10012458615
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Combining Rules and Discretion in Economic Development Policy : Evidence on the Impacts of the California Competes Tax Credit
Freedman, Matthew; Neumark, David; Khanna, Shantanu - National Bureau of Economic Research - 2021
We evaluate the effects of one of a new generation of economic development programs, the California Competes Tax Credit (CCTC), on local job creation. Incorporating perceived best practices from previous initiatives, the CCTC combines explicit eligibility thresholds with some discretion on the...
Persistent link: https://www.econbiz.de/10012496148
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Local Economic Development, Agglomeration Economies, and the Big Push : 100 Years of Evidence from the Tennessee Valley Authority
Kline, Patrick M. - 2013
We study the long run effects of one of the most ambitious regional development programs in U.S. history: the Tennessee Valley Authority (TVA). Using as controls authorities that were proposed but never approved by Congress, we find that the TVA led to large gains in agricultural employment that...
Persistent link: https://www.econbiz.de/10012459368
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The China (Shanghai) Pilot Free Trade Zone : Background, Developments and Preliminary Assessment of Initial Impacts
Yao, Daqing - 2015
The China (Shanghai) Pilot Free Trade Zone (SPFTZ) founded one year ago is a trial for China's new round of reform and … also make a preliminary assessment of the SPFTZ's initial impacts, especially of its impact on China's capital account … replicated in China will give rise to a more balanced Chinese economy in the following decade …
Persistent link: https://www.econbiz.de/10012457742
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An Evaluation of the Impact of the China (Shanghai) Pilot Free Trade Zone (SPFTZ)
Yao, Daqing - 2015
In this paper we present evidence as to the effects of the China (Shanghai) Pilot Free Trade Zone (SPFTZ) on China … and capital account liberalization into China's macro policy mix. We employ three methods to test the SPFTZ's impact on … causalities among China's money supply and the foreign interest rates. All these tests give consistent results suggesting that the …
Persistent link: https://www.econbiz.de/10012457765
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Zoning and the Political Economy of Local Redistribution
Fernandez, Raquel - 1993
This paper examines the effects of a zoning regulation on local redistribution in a multicommunity model. Each community chooses, by majority vote within the community, a property tax rate. The proceeds from this tax are then redistributed within the community on a per capita basis. Individuals...
Persistent link: https://www.econbiz.de/10012474490
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Spatial Misallocation : Evaluating Place-Based Policies Using a Natural Experiment in China
Chen, Binkai - 2019
development zones on firm level TFP in China. The difference-in-difference estimator shows that on average, loss of development … three major seaports in China, closure of zones reduced firm-level TFP by 9.62%, whereas closure of zones farther away did … locational heterogeneity. We conclude that China's strategy of using development zones as a place-based policy to encourage …
Persistent link: https://www.econbiz.de/10012480094
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The Targeting and Impact of Paycheck Protection Program Loans to Small Businesses
Bartik, Alexander W. - 2020
The Paycheck Protection Program (PPP) aimed to quickly deliver hundreds of billions of dollars of loans to small businesses, with the loans administered via private banks. In this paper, we use firm-level data to document the demand and supply of PPP funds. Using an instrumental variables...
Persistent link: https://www.econbiz.de/10012481476
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People, Places and Public Policy : Some Simple Welfare Economics of Local Economic Development Programs
Kline, Patrick - 2013
Most countries exhibit large and persistent geographical differences in wages, income and unemployment rates. A growing class of "place based" policies attempt to address these differences through public investments and subsidies that target disadvantaged neighborhoods, cities or regions. Place...
Persistent link: https://www.econbiz.de/10012459003
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The Causal Effects of an Industrial Policy
Criscuolo, Chiara - 2012
Business support policies designed to raise productivity and employment are common worldwide, but rigorous micro-econometric evaluation of their causal effects is rare. We exploit multiple changes in the area-specific eligibility criteria for a major program to support manufacturing jobs...
Persistent link: https://www.econbiz.de/10012460816