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The Market For Industry: Where Angels Fear To Tread?

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  • Paul Peretz

Abstract

This paper investigates one of the perennial mysteries in the area of state and local finance, the provision of tax and other subsidies to business by federal, state and local governments in the face of solid evidence that such incentives do little to nothing to influence business location or job creation. The paper looks at the upsurge in such governmental aid in the last decade and considers whether this upsurge has occurred because such aid is more efficacious than it used to be or whether it has occurred for political reasons unrelated to its effectiveness.

Suggested Citation

  • Paul Peretz, 1986. "The Market For Industry: Where Angels Fear To Tread?," Review of Policy Research, Policy Studies Organization, vol. 5(3), pages 624-633, February.
    • Handle: RePEc:bla:revpol:v:5:y:1986:i:3:p:624-633
    DOI: 10.1111/j.1541-1338.1986.tb00436.x
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    Cited by:

    1. Solodoha, Eliran & Rosenzweig, Stav & Harel, Shai, 2023. "Incentivizing angels to invest in start-ups: Evidence from a natural experiment," Research Policy, Elsevier, vol. 52(1).
    2. Tessa Conroy & Steven Deller & Alexandra Tsvetkova, 2017. "Interstate Relocation Of Manufacturers And Business Climate," Review of Urban & Regional Development Studies, Wiley Blackwell, vol. 29(1), pages 18-45, March.
    3. Thomas M Fullerton Jr, 2004. "Empirical Evidence Regarding El Paso Property Tax Abatements: 1988-2001," Public Economics 0405007, University Library of Munich, Germany.
    4. L A Reese, 1992. "Explaining the Extent of Local Economic Development Activity: Evidence from Canadian Cities," Environment and Planning C, , vol. 10(1), pages 105-120, March.
    5. Charles D. Taylor, 2012. "Governors as Economic Problem Solvers," Economic Development Quarterly, , vol. 26(3), pages 267-276, August.

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