@article{3b7c5c698c73496eb4777be242b8c178,
title = "Do local tax incentives affect economic growth? What mean impacts miss in the analysis of enterprise zone policies",
abstract = "This paper exploits the exogenous variation of U.S. state enterprise zone policies to estimate the impact of geographically-targeted tax incentives on a number of dimensions of local economic growth. The econometric analysis uses establishment-level data to sort out growth outcomes into gross flows separately accounted for by new, existing, and vanishing establishments in the target areas. Results offer empirical evidence with strong external validity to support specific policy recommendations and show that the impacts of the incentives have more complex dynamics than those revealed by the null mean impact estimates obtained from analyzing net growth outcomes.",
keywords = "Enterprise zones, Gross flows, Local economic growth, Program evaluation, Tax incentives",
author = "Daniele Bondonio and Greenbaum, {Robert T.}",
note = "Funding Information: The research in this paper was conducted using Census Bureau data at the Carnegie Mellon Research Data Center. Results and statistics contained in the paper have been screened to ensure that no confidential data are revealed. Bondonio acknowledges funding support from the U.S. Department of Housing and Urban Development's Doctoral Dissertation Research Grant and from the National Science Foundation Geography and Regional Science Program's Doctoral Dissertation Research Improvement Grant. We sincerely thank Peter Fisher and Alan Peters for providing access to their TAIM model used to estimate the monetary value of enterprise zone incentives. We are also grateful to John Engberg, Daniel Nagin, Martin Gaynor, Richard Arnott, two anonymous referees and seminar participants at Carnegie Mellon University for comments and advice. The results and conclusions expressed are those of the authors alone and do not necessarily reflect the views of the U.S. Government, the National Science Foundation, or the Bureau of the Census.",
year = "2007",
month = jan,
doi = "10.1016/j.regsciurbeco.2006.08.002",
language = "English",
volume = "37",
pages = "121--136",
journal = "Regional Science and Urban Economics",
issn = "0166-0462",
publisher = "Elsevier B.V.",
number = "1",
}
