Place-Based Policies

David Neumark and Helen Simpson

No 20049, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Place-based policies commonly target underperforming areas, such as deteriorating downtown business districts and disadvantaged regions. Principal examples include enterprise zones, European Union Structural Funds, and industrial cluster policies. Place-based policies are rationalized by various hypotheses in urban and labor economics, such as agglomeration economies and spatial mismatch - hypotheses that entail market failures and often predict overlap between poor economic performance and disadvantaged residents. The evidence on enterprise zones is very mixed. We need to know more about what features of enterprise zone policies make them more effective or less effective, who gains and who loses from these policies, and how we can reconcile the existing findings. Some evidence points to positive benefits of infrastructure expenditure, and also investment in higher education and university research - likely because of the public-goods nature of these policies. However, to better guide policy, we need to know more about what policies create self-sustaining longer-run gains.

JEL-codes: H23 H71 J23 J38 R12 (search for similar items in EconPapers)
Date: 2014-04
New Economics Papers: this item is included in nep-geo, nep-lma and nep-ure
Note: LS PE
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (23)

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Related works:
Chapter: Place-Based Policies (2015)
Working Paper: Place-Based Policies (2014)
Working Paper: Place-based policies (2014)
Working Paper: Place-Based Policies (2014)
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