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People, Places, and Public Policy: Some Simple Welfare Economics of Local Economic Development Programs
2014
Annual Review of Economics
Most countries exhibit large and persistent geographical differences in wages, income and unemployment rates. A growing class of "place based" policies attempt to address these differences through public investments and subsidies that target disadvantaged neighborhoods, cities or regions. Place based policies have the potential to profoundly affect the location of economic activity, along with the wages, employment, and industry mix of communities. These programs are widespread in the U.S. and
doi:10.1146/annurev-economics-080213-041024
fatcat:3gojejf5jbf6rjx5patwrcrwni