Using Eminent Domain for Economic Development: Does it Increase Private Sector Employment?

Turnbull Geoffrey, Salvino Robert and Tasto Michael
Additional contact information
Turnbull Geoffrey: Department of Finance, University of Central Florida, Orlando, FL, USA
Salvino Robert: Department of Finance and Economics, Coastal Carolina University, Conway, SC29528, USA
Tasto Michael: Department of Finance and Economics, Southern New Hampshire University, Manchester, NH, USA

Review of Law & Economics, 2018, vol. 14, issue 3, 24

Abstract: Although controversial, local and state governments draw on broad interpretations of the Fifth Amendment takings clause to justify using eminent domain for economic development. Previous studies examine such uses from the perspective of property rights and the scope and size of government. This paper addresses the fundamental question: Do states that grant local governments liberal eminent domain powers actually enjoy greater economic growth? This paper estimates how liberal eminent domain laws affect private sector employment growth across states while controlling for national trend and industry mix effects. The results clearly show that allowing local governments to use eminent domain for economic development does not lead to more private sector jobs.

Keywords: eminent domain; economic development; economic growth (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/rle-2016-0020 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bpj:rlecon:v:14:y:2018:i:3:p:24:n:5

Ordering information: This journal article can be ordered from
https://www.degruyter.com/journal/key/rle/html

DOI: 10.1515/rle-2016-0020

Access Statistics for this article

Review of Law & Economics is currently edited by Francesco Parisi

More articles in Review of Law & Economics from De Gruyter
Bibliographic data for series maintained by Peter Golla ().