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Local Economic Development: Theory and the Ontario Experience


  • Almos T. Tassonyi

    () (Ontario Ministry of Finance, Strategic Policy Unit, Property Tax Policy Branch)


Subnational governments are faced with increased pressure to initiate policies to further local economic development. This paper traces the changes in the theory and practice of local development initiatives in North America. The paper uses Ontario and its municipal sector as a case study of the transition from an emphasis on physical accommodation to the current emphasis on broader amenities.

Suggested Citation

  • Almos T. Tassonyi, 2005. "Local Economic Development: Theory and the Ontario Experience," International Tax Program Papers 0511, International Tax Program, Institute for International Business, Joseph L. Rotman School of Management, University of Toronto.
  • Handle: RePEc:ttp:itpwps:0511

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    References listed on IDEAS

    1. Richard M Bird & Andrey V Tarasov, 2004. "Closing the gap: fiscal imbalances and intergovernmental transfers in developed federations," Environment and Planning C: Government and Policy, Pion Ltd, London, vol. 22(1), pages 77-102, February.
    2. Singh, Nirvikar & Rao, Govinda, 2006. "Political Economy of Federalism in India," OUP Catalogue, Oxford University Press, number 9780195686937.
    3. Richard M. Bird & Francois Vaillancourt, 2005. "Changing with the Times: Success, Failure and Inertia in Canadian Federal Arrangements, 1945-2002," International Tax Program Papers 0504, International Tax Program, Institute for International Business, Joseph L. Rotman School of Management, University of Toronto.
    4. Richard M. Bird, 2003. "Fiscal Flows, Fiscal Balance, and Fiscal Sustainability," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper0302, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
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    Cited by:

    1. Godwin Arku, 2013. "Outsourcing Functions to Economic Development Corporations: Exploring the Perceptions of Officials in Ontario, Canada," Public Organization Review, Springer, vol. 13(1), pages 49-70, March.

    More about this item


    Regional development policy; subsidies;

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies

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