Measuring the Distribution of Economic Development Tax Incentive Intensity

Robert T. Greenbaum, Blair D. Russell and Tricia L. Petras
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Robert T. Greenbaum: The Ohio State University, Columbus, OH, USA, greenbaum.3@osu.edu
Blair D. Russell: The Ohio State University, Columbus, OH, USA
Tricia L. Petras: Ohio University, Athens, OH, USA

Economic Development Quarterly, 2010, vol. 24, issue 2, 154-168

Abstract: The targeting of economic development incentives at distressed locations or particular industries is typically justified based on equity and efficiency grounds. However, existing empirical studies fail to fully explain the distribution of incentives in a region or state because they do not account for variations in the distribution of population or industries. This article contributes to the literature on the targeting of incentives in several important ways, using the example of Ohio. The distribution of economic incentives is examined using the intensity of incentives, which allows for examination of whether incentives are targeted to distressed locations or industries. Intensity of incentives is measured as the value or number of incentives weighted by the number of employees and firms in each location or industry. We find that policies are missing the mark if they are indeed intended to target areas of distress or particular industries.

Keywords: economic development; targeted incentives; state policy; enterprise zones (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:ecdequ:v:24:y:2010:i:2:p:154-168

DOI: 10.1177/0891242409358323

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