The Fund for Our Economic Future (The Fund) is a multiyear collaborative effort “to encourage and advance a common and highly focused regional economic development agenda that can lead to a long-term economic transformation of the Northeast Ohio (NEO) economy.” One of the strategies pursued...

Real average U.S. per capita personal income growth over the last 65 years exceeded a remarkable 400 percent. Also notable over this period is that the stark income differences across states have narrowed considerably: In 1939 the highest income state’s per capita personal income was 4.5 times...

A discussion of whether public outlays influence private investment, modeling the timing and effectiveness of public infrastructure as a local policy instrument.

What impact do the quality and mix of state and local public services exert on economic development? Do high-quality services foster economic growth, even if accompanied by a high level of taxation? Are certain types of firms more sensitive to service quality than others? What are the...

The use of state and local public policy as an instrument of economic development is more controversial than ever. Profound technological and political changes have enhanced the geographic mobility of capital and extended firms' geographic range, intensifying competition among states and...

This paper presents rigorous and direct tests of two assumptions relating to limited commitment and asymmetric information that underpin current models of risk pooling. A specially designed economic experiment involving 678 subjects across 23 Zimbabwean villages is used to solve the problems of...

This paper carries out an empirical assessment of the relationship between social capital and the quality of economic development in Italy. The analysis draws on a dataset collected by the author including about two hundred variables representing different aspects of economic development and...