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Policy Versus Place Luck: Achieving Local Economic Prosperity

Author

Listed:
  • Laura A. Reese

    (Michigan State University, East Lansing, MI, USA, reesela@msu.edu)

  • Minting Ye

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

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?

Suggested Citation

  • Laura A. Reese & Minting Ye, 2011. "Policy Versus Place Luck: Achieving Local Economic Prosperity," Economic Development Quarterly, , vol. 25(3), pages 221-236, August.
  • Handle: RePEc:sae:ecdequ:v:25:y:2011:i:3:p:221-236
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    File URL: http://edq.sagepub.com/content/25/3/221.abstract
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    Cited by:

    1. Sung Hoon Kang & Mark Skidmore & Laura Reese, 2015. "The Effects of Changes in Property Tax Rates and School Spending on Residential and Business Property Value Growth," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 43(2), pages 300-333, June.
    2. Brian E. Whitacre & David Shideler & Randi Williams, 2016. "Do Incentive Programs Cause Growth? The Case of the Oklahoma Quality Jobs Program and Community-Level Economic Growth," Economic Development Quarterly, , vol. 30(1), pages 62-74, February.

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