Policy Versus Place Luck: Achieving Local Economic Prosperity
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?
Volume (Year): 25 (2011)
Issue (Month): 3 (August)
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