Title:
Identifying the Economic Development Effects of Million Dollar Facilities
Identifying the Economic Development Effects of Million Dollar Facilities
| dc.contributor.author | Patrick, Carlianne | |
| dc.contributor.corporatename | Georgia Institute of Technology. College of Architecture | en_US |
| dc.contributor.corporatename | Georgia Institute of Technology. School of City and Regional Planning | en_US |
| dc.contributor.corporatename | Georgia State University | en_US |
| dc.date.accessioned | 2013-11-19T19:11:31Z | |
| dc.date.available | 2013-11-19T19:11:31Z | |
| dc.date.issued | 2013-02-22 | |
| dc.description | Presented on February 22, 2013 from 12:35 pm-2:00 pm in the Architecture East Building, room 217 on the Georgia Tech campus. | en_US |
| dc.description | Dr. Carlianne Patrick is an Assistant Professor of Economics at Georgia State University. | |
| dc.description | Runtime: 74:15 minutes | |
| dc.description.abstract | Using tax abatements, financial incentives, and public investments to attract (or retain) firms is the primary economic development tool for many local governments. Recent estimates suggest Million Dollar Plants (MDPs) generate large productivity spillovers which may justify the substantial incentive packages used to lure them. This paper employs the Greenstone, Hornbeck, and Moretti (2010) identification strategy, as well as an alternative identification strategy, to estimate aggregate county effects from “winning” the competition for a MDP. Using both identification strategies, I test for the presence of agglomeration spillovers as well as for MDP effects on public revenues and expenditures. The identification strategies tell different stories about MDP effects. Evidence in favor of productivity spillovers is modest when identified by the alternative strategy. Neither identification strategy provides much evidence that MDPs induce the virtuous cycle of economic development. | en_US |
| dc.embargo.terms | null | en_US |
| dc.format.extent | 74:16 minutes | |
| dc.identifier.uri | http://hdl.handle.net/1853/49436 | |
| dc.language.iso | en_US | en_US |
| dc.publisher | Georgia Institute of Technology | en_US |
| dc.relation.ispartofseries | City and Regional Planning Lecture | |
| dc.subject | Economic development | en_US |
| dc.subject | Incentives | en_US |
| dc.subject | State and local public finance | en_US |
| dc.title | Identifying the Economic Development Effects of Million Dollar Facilities | en_US |
| dc.title.alternative | Identifying the Local Economic Development Effects of Million Dollar Facilities | en_US |
| dc.type | Moving Image | |
| dc.type.genre | Lecture | |
| dspace.entity.type | Publication | |
| local.contributor.corporatename | College of Design | |
| local.contributor.corporatename | School of City and Regional Planning | |
| relation.isOrgUnitOfPublication | c997b6a0-7e87-4a6f-b6fc-932d776ba8d0 | |
| relation.isOrgUnitOfPublication | 2757446f-5a41-41df-a4ef-166288786ed3 |
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