Brad R. Watts () (W.E. Upjohn Institute for Employment Research) George A. Erickcek () (W.E. Upjohn Institute for Employment Research) Jacob Duritsky (TeamNEO) Kevin O’Brien (Cleveland State University) Claudette Robey (Cleveland State University) Jim Robey (TeamNEO)
Abstract
This paper describes the completion of a “comprehensive study of regionalism” that was conducted by a joint team of economists and economic development specialists for the 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. Also, the authors discuss the creation of a quantitative assessment model utilizing 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 introducing 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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Publisher Info
Paper provided by W.E. Upjohn Institute for Employment Research in its series Staff Working Papers with number
09-155.
Length: Date of creation: Jul 2009 Date of revision: Handle: RePEc:upj:weupjo:09-155
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