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Yes, But...: Questioning the Conventional Wisdom about Economic Development

Author

Listed:
  • Laura A. Reese

    (Wayne State University)

  • Raymond A. Rosenfeld

    (Eastern Michigan University)

Abstract

This article explores various aspects of the conventional wisdom regarding local economic development policy and policy making. Much widely accepted knowledge about why and how local governments approach economic development is based on a fairly narrow array of methodological approaches. And the conclusions often suffer from the limitations inherent in their respective methodologies. This may mean that what we think we know about local economic development might be reasonably accurate, but it does not quite reflect actual local dynamics. Yes, the conventional wisdom is true, but.... Using data from a large survey database of Canadian and U.S. cities along with findings from nine case studies in medium-size and smaller cities in both nations, the authors challenge a number of accepted truths and present an alternative civic culture framework for better understanding economic development policy making.

Suggested Citation

  • Laura A. Reese & Raymond A. Rosenfeld, 2001. "Yes, But...: Questioning the Conventional Wisdom about Economic Development," Economic Development Quarterly, , vol. 15(4), pages 299-312, November.
    • Handle: RePEc:sae:ecdequ:v:15:y:2001:i:4:p:299-312
    DOI: 10.1177/089124240101500402
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    Cited by:

    1. Tunstall, Thomas, 2015. "Recent Economic and Community Impact of Unconventional Oil and Gas Exploration and Production on South Texas Counties in the Eagle Ford Shale Area," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 45(1).
    2. Nichola Lowe & Allan Freyer, 2015. "A moving target: rethinking industrial recruitment in an era of growing economic uncertainty," Environment and Planning C, , vol. 33(5), pages 1284-1300, October.
    3. Laura A. Reese & Raymond A. Rosenfeld, 2001. "What is the Question to Which the Answer is: Local Civic Culture?," Economic Development Quarterly, , vol. 15(4), pages 323-326, November.
    4. Laura A. Reese & Xiaomeng Li, 2020. "Conceptions of Local Economic Development: Comparing Citizen and Local Official Attitudes," Economic Development Quarterly, , vol. 34(1), pages 3-20, February.
    5. Kirk E. Harris, 2015. "Because We Can Doesn’t Mean We Should and if We Do," Economic Development Quarterly, , vol. 29(3), pages 245-261, August.
    6. repec:rre:publsh:v:36:y:2006:i:1:p:15-43 is not listed on IDEAS
    7. Susan Mason & Kenneth P. Thomas, 2010. "Tax Increment Financing in Missouri: An Analysis of Determinants, Competitive Dynamics, Equity, and Path Dependency," Economic Development Quarterly, , vol. 24(2), pages 169-179, May.
    8. Nathan Jensen & Edmund Malesky & Matthew Walsh, 2015. "Competing for global capital or local voters? The politics of business location incentives," Public Choice, Springer, vol. 164(3), pages 331-356, September.
    9. Richard V. Adkisson & Eduardo Saucedo, 2010. "Merchandise Exports and Job Quality, Evidence From the States," Economic Development Quarterly, , vol. 24(3), pages 231-242, August.
    10. Ann O’M. Bowman, 2001. "Two Steps Forward, One Step Back: Uncertainty in Local Economic Development," Economic Development Quarterly, , vol. 15(4), pages 317-319, November.
    11. Metodi Sotirov & Marko Lovric & Georg Winkel, 2015. "Symbolic transformation of environmental governance: implementation of EU biodiversity policy in Bulgaria and Croatia between Europeanization and domestic politics," Environment and Planning C, , vol. 33(5), pages 986-1004, October.
    12. Nichola J. Lowe, 2014. "Beyond the Deal," Economic Development Quarterly, , vol. 28(4), pages 287-299, November.
    13. Clarence N. Stone, 2001. "If Civic Culture is the Answer, What is the Question?," Economic Development Quarterly, , vol. 15(4), pages 313-316, November.
    14. Susan E. Clarke, 2001. "Well, Maybe...: Taking Context Seriously in Analyzing Local Economic Development," Economic Development Quarterly, , vol. 15(4), pages 320-322, November.

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