A comparative evaluation of spacially targeted economic revitalization programs in the European Union and the United States
This paper compares and contrasts the United States federal Empowerment Zone and European Union Objective 2 programs that geographically target economic revitalization incentives. Since 1989, both programs have designated predominately industrial or urban areas as being distressed and worthy of government incentives in three separate rounds. The paper uses a probit econometric model to comparatively evaluate the characteristics of the areas that were targeted. The paper finds that while the programs were fashioned for different reasons and thus had different goals, the programs on both continents initially targeted very distressed areas. However, consistent with the fears of critics of spatial targeting, subsequent rounds of designation greatly expanded the programs, and in most cases, lead to less precise targeting.
|Date of creation:||Jan 2003|
|Date of revision:|
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- Leslie E. Papke, 1991.
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NBER Working Papers
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"What Do We Know about Enterprise Zones?,"
in: Tax Policy and the Economy, Volume 7, pages 37-72
National Bureau of Economic Research, Inc.
- Timothy J. Bartik, .
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Upjohn Working Papers and Journal Articles
tjb1994c, W.E. Upjohn Institute for Employment Research.
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- Bondonio, Daniele, 2001. "Evaluating Decentralized Policies: How to Compare the Performance of Economic Development Programs across Different Regions or States," POLIS Working Papers 16, Institute of Public Policy and Public Choice - POLIS.
- Robert T Greenbaum & John B Engberg, 1998. "The Impact Of State Urban Enterprise Zones On Business Outcomes," Working Papers 98-20, Center for Economic Studies, U.S. Census Bureau.
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- Robert Greenbaum & John Engberg, 2000. "An Evaluation Of State Enterprise Zone Policies," Review of Policy Research, Policy Studies Organization, vol. 17(2-3), pages 29-45, 06.
- Bondonio, Daniele, 2002. "Evaluating the Employment Impact of Business Incentive Programs in EU Disadvantaged Areas. A case from Northern Italy," POLIS Working Papers 27, Institute of Public Policy and Public Choice - POLIS.
- Timothy J. Bartik, 2000. "Solving the Many Problems with Inner City Jobs," Upjohn Working Papers and Journal Articles 00-66, W.E. Upjohn Institute for Employment Research.
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