What Should EDA Fund?: Developing a Model for Preassessment of Economic Development Investments
AbstractThis article describes a comprehensive study of regionalism conducted by a joint team of economists and economic development specialists for the U.S. Economic Development Administration (EDA). The project consisted of two main activities: an examination of the factors associated with economic development success and the creation of a practical interactive tool for EDA project assessment and comparison. Findings from surveys, interviews, and project case studies are discussed in terms of their support for a positive relationship between successful economic development efforts and factors such as leadership and private investment. The authors also discuss the creation of a quantitative assessment model using well-known approaches such as economic impact multipliers and cluster theory. The primary contribution of this work to the existing body of EDA-focused research and evaluation literature is its introduction of a means of using standardized scores, also known as z-scores, to compare and assess economic development projects across both industries and regions.
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Bibliographic InfoArticle provided by in its journal Economic Development Quarterly.
Volume (Year): 25 (2011)
Issue (Month): 1 (February)
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Other versions of this item:
- Brad R. Watts & George A. Erickcek & Jacob Duritsky & Kevin O’Brien & Claudette Robey & Jim Robey, 2009. "What Should EDA Fund? Developing a Model for Pre-Assessment of Economic Development Investments," Upjohn Working Papers and Journal Articles, W.E. Upjohn Institute for Employment Research 09-155, W.E. Upjohn Institute for Employment Research.
- O21 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
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- Timothy J. Bartik, 1991. "Who Benefits from State and Local Economic Development Policies?," Books from Upjohn Press, W.E. Upjohn Institute for Employment Research, W.E. Upjohn Institute for Employment Research, number wbsle.
- Mark D. Partridge & Dan S. Rickman & Hui Li, 2009. "Who Wins From Local Economic Development?," Economic Development Quarterly, , , vol. 23(1), pages 13-27, February.
- Martin, Randolph C & Graham, Robert E, Jr, 1980. "The Impact of Economic Development Administration Programs: Some Empirical Evidence," The Review of Economics and Statistics, MIT Press, vol. 62(1), pages 52-62, February.
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