On the Continuing Popularity of Industrial Recruitment

Scott Loveridge
Additional contact information
Scott Loveridge: West Virginia University

Economic Development Quarterly, 1996, vol. 10, issue 2, 151-158

Abstract: Classic arguments against industrial recruitment as a local economic development strategy are reviewed. These include zero-sum effect, long odds, overbidding, low multipliers, increased costs to businesses and residents, and industrial obsolescence. Potential reasons for industrial recruitment's continuing popularity are explored, including tradition, expected value, political payoff high discount rate, weak communities, diversification, broad applicability, appropriateness, perverse outcomes, potential success, and underestimated benefits. Methods for quantifying major reasons for the popularity of recruiting are outlined.

Date: 1996
References: Add references at CitEc
Citations: View citations in EconPapers (14)

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/089124249601000202 (text/html)

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:sae:ecdequ:v:10:y:1996:i:2:p:151-158

DOI: 10.1177/089124249601000202

Access Statistics for this article

More articles in Economic Development Quarterly
Bibliographic data for series maintained by SAGE Publications ().