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Policy Versus Place Luck: Achieving Local Economic Prosperity

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Author Info

  • Laura A. Reese

    ()
    (Michigan State University, East Lansing, MI, USA)

  • Minting Ye

    (Michigan State University, East Lansing, MI, USA)

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    Abstract

    This research focuses on the relative impact of place luck and economic development policy in contributing to long-term economic growth. Using a unique national data set composed of surveys of public officials, three decades of census data, and a variety of other data covering climate, health, amenities, and so on, the following research questions are addressed: (a) Is economic prosperity better explained by local development policy or simple place luck? (b) Are particular economic development policies more strongly related to prosperity than others? (c) Are there other attributes of cities such as school quality, service quality, and safety, for example, that appear to enhance economic health?

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    File URL: http://edq.sagepub.com/content/25/3/221.abstract
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    Bibliographic Info

    Article provided by in its journal Economic Development Quarterly.

    Volume (Year): 25 (2011)
    Issue (Month): 3 (August)
    Pages: 221-236

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    Handle: RePEc:sae:ecdequ:v:25:y:2011:i:3:p:221-236

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    Related research

    Keywords: state and local economic development policy; quality of life; government policy (parks; schools);

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    Cited by:
    1. Sung Kang & Laura Reese & Mark Skidmore, 2012. "The Effects of Changes in Property Tax Rates and School Spending on Residential and Business Property Value Growth," CESifo Working Paper Series 3899, CESifo Group Munich.
    2. Whitacre, Brian E. & Shideler, David W. & Williams, Randi, 2013. "Do Incentives Programs Cause Growth? The Case of The Oklahoma Quality Jobs Program and Community-level Economic Growth," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 149567, Agricultural and Applied Economics Association.

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