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Making Sense of Incentives: Taming Business Incentives to Promote Prosperity

Author

Listed:
  • Timothy J. Bartik

    (W.E. Upjohn Institute)

Abstract

In evaluating incentives, everything depends on the details: how much in incentives it takes to truly cause a firm to locate or expand, the multiplier effects, the effects of jobs on employment rates, how jobs affect tax revenue versus public spending needs. Do benefits of incentives exceed costs? This depends on the details. This book is about those details. What magnitudes of incentive effects are plausible? How do benefits and costs vary with incentive designs? What advice can be given to evaluators? What is an ideal incentive policy? Answering these questions about incentives depends on a model of incentive effects, which this book provides.

Suggested Citation

  • Timothy J. Bartik, 2019. "Making Sense of Incentives: Taming Business Incentives to Promote Prosperity," Books from Upjohn Press, W.E. Upjohn Institute for Employment Research, number msi.
    • Handle: RePEc:upj:ubooks:msi
    DOI: 10.17848/9780880996693
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    Citations

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    Cited by:

    1. Gary Sands & Pierre Filion & Laura A. Reese, 2020. "Techs and the Cities: A New Economic Development Paradigm?," Urban Planning, Cogitatio Press, vol. 5(3), pages 392-402.
    2. Alfried Braumann, 2020. "Amazon’s HQ2 Site Selection Criteria: The New ‘Gold Standard’ in FDI Decision-Making," Urban Planning, Cogitatio Press, vol. 5(3), pages 403-417.
    3. Nicholas Kacher & Luke Petach, 2021. "Boon or Burden? Evaluating the Competing Effects of House-Price Shocks on Regional Entrepreneurship," Economic Development Quarterly, , vol. 35(4), pages 287-304, November.
    4. Dan S. Rickman & Hongbo Wang, 2023. "Creating and maintaining film clusters: Synthetic control method analysis of the enactment and repeal of US state film incentives," Papers in Regional Science, Wiley Blackwell, vol. 102(2), pages 363-392, April.
    5. James Alm & Trey Dronyk-Trosper & Sean Larkin, 2021. "In the land of OZ: designating opportunity zones," Public Choice, Springer, vol. 188(3), pages 503-523, September.
    6. Baridhi Malakar, 2024. "Essays on Responsible and Sustainable Finance," Papers 2406.12995, arXiv.org.
    7. Kuhns, Emma & White, Mark & Coppess, Jonathan, . "The Use of State Business Incentives to Support Agriculture," farmdoc daily, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics, vol. 13(205).
    8. Alec Workman, 2021. "Ready for a Close-Up: The Effect of Tax Incentives on Film Production in California," Economic Development Quarterly, , vol. 35(2), pages 125-140, May.
    9. Craig W. Carpenter & Anders Van Sandt & Rebekka Dudensing & Scott Loveridge, 2022. "Profit Pools and Determinants of Potential County-Level Manufacturing Growth," International Regional Science Review, , vol. 45(2), pages 188-224, March.
    10. Theodore Kahn & Zack Zimbalist, 2022. "Public investment versus government consumption: how FDI shocks shape the composition of subnational spending in Mexico," Review of International Political Economy, Taylor & Francis Journals, vol. 29(2), pages 502-537, March.
    11. James Alm & Trey Dronyk‐Trosper & Sean Larkin, 2024. "Do opportunity zones create opportunities? The impact of opportunity zones on real estate prices," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 52(1), pages 214-238, January.
    12. Alfried Braumann, 2020. "Amazon’s HQ2 Site Selection Criteria: The New ‘Gold Standard’ in FDI Decision-Making," Urban Planning, Cogitatio Press, vol. 5(3), pages 403-417.
    13. Yasuyuki Motoyama & Sameeksha Desai, 2022. "Stickiness of entrepreneurs: an exploratory study of migration in two mid-sized US cities," Small Business Economics, Springer, vol. 58(4), pages 2139-2155, April.
    14. Hackler, Darrene & Harpel, Ellen, 2021. "Incentives for Entrepreneurial Firms and Technical and Policy Appendices," MPRA Paper 109173, University Library of Munich, Germany.
    15. Dmitry B. Rokhlin & Gennady A. Ougolnitsky, 2024. "A Simple Model for Targeting Industrial Investments with Subsidies and Taxes," Mathematics, MDPI, vol. 12(6), pages 1-18, March.
    16. Aycan Katitas & Sonal Pandya, 2024. "Investment incentives attract foreign direct investment: evidence from the great recession," Public Choice, Springer, vol. 200(1), pages 323-345, July.
    17. Tim Bartik, 2023. "Seize the Time: Needed Research on Local Economic Development in an Era of Increased Attention to Problems of Place," Economic Development Quarterly, , vol. 37(1), pages 7-13, February.
    18. José Sánchez & Haifeng Qian, 2024. "Come Together, But How? Zooming Into Economic Development Collaboration Between State and Local Governments, and Nongovernmental Organizations," Economic Development Quarterly, , vol. 38(2), pages 113-121, May.
    19. Russell S. Sobel & Gary A. Wagner & Peter T. Calcagno, 2024. "The political economy of state economic development incentives: A case of rent extraction," Economics and Politics, Wiley Blackwell, vol. 36(1), pages 104-151, March.

    More about this item

    Keywords

    Business incentives; tax incentives; job creation; local economic development; multipliers; evaluation;
    All these keywords.

    JEL classification:

    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
    • R38 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Government Policy
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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