Industrial Development Bonds at 50: A Golden Anniversary Review

Matthew R. Marlin
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Matthew R. Marlin: Duquesne University

Economic Development Quarterly, 1987, vol. 1, issue 4, 391-410

Abstract: After 50 years the use of IDB finance remains as controversial as it did at its inception. Arguments in the literature break along lines consistent with perceived benefits and costs. Practitioners view IDBs from the local level, where perceived benefits are large, competition for industry is keen, and costs almost nonexistent. Most academicians, and those writing from the national perspective, find IDBs to be a costly and inefficient subsidy with few net benefits at the national level. Despite the controversy and repeated congressional efforts to limit abuses and curb their use, the volume of IDBs continued to grow rapidly through the mid-1980s. This growth will be arrested in 1987 as Congress limits their use to manufacturing projects, and will stop altogether as IDBs are scheduled for sunset after 1988.

Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:sae:ecdequ:v:1:y:1987:i:4:p:391-410

DOI: 10.1177/089124248700100410

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