Policy Versus Place Luck: Achieving Local Economic Prosperity

Laura A. Reese and Minting Ye
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Laura A. Reese: Michigan State University, East Lansing, MI, USA, reesela@msu.edu
Minting Ye: Michigan State University, East Lansing, MI, USA

Economic Development Quarterly, 2011, vol. 25, issue 3, 221-236

Abstract: This research focuses on the relative impact of place luck and economic development policy in contributing to long-term economic growth. Using a unique national data set composed of surveys of public officials, three decades of census data, and a variety of other data covering climate, health, amenities, and so on, the following research questions are addressed: (a) Is economic prosperity better explained by local development policy or simple place luck? (b) Are particular economic development policies more strongly related to prosperity than others? (c) Are there other attributes of cities such as school quality, service quality, and safety, for example, that appear to enhance economic health?

Keywords: state and local economic development policy; quality of life; government policy (parks; schools) (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:sae:ecdequ:v:25:y:2011:i:3:p:221-236

DOI: 10.1177/0891242411408292

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