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Can We Build More Effective Place-Based Policies? Theory and Evidence

Author

Listed:
  • Matthew Freedman
  • David Neumark

Abstract

Amid renewed policy interest, the academic literature on place-based programs has expanded dramatically in recent years. In this essay, we review recent theoretical and empirical work in an effort to assess when and why place-based job creation policies succeed or fail. Drawing on theory, we describe key dimensions on which place-based programs vary and discuss evidence on the consequences of different design choices. We conclude with several lessons for the next generation of place-based programs.

Suggested Citation

  • Matthew Freedman & David Neumark, 2026. "Can We Build More Effective Place-Based Policies? Theory and Evidence," NBER Working Papers 35674, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:35674
    Note: LS PE
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    More about this item

    JEL classification:

    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics
    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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