What Should EDA Fund? Developing a Model for Preassessment of Economic Development Investments
This 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 EDAfocused 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.
Volume (Year): 25 (2011)
Issue (Month): 1 (February)
|Contact details of provider:|
When requesting a correction, please mention this item's handle: RePEc:sae:ecdequ:v:25:y:2011:i:1:p:65-78. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (SAGE Publications)
If references are entirely missing, you can add them using this form.