The Experts below are selected from a list of 210 Experts worldwide ranked by ideXlab platform

Daniele Bondonio - One of the best experts on this subject based on the ideXlab platform.

  • do local tax incentives affect economic growth what mean impacts miss in the analysis of Enterprise Zone policies
    Regional Science and Urban Economics, 2007
    Co-Authors: Daniele Bondonio, Robert T Greenbaum
    Abstract:

    This paper exploits the exogenous variation of U.S. state Enterprise Zone policies to estimate the impact of geographically-targeted tax incentives on a number of dimensions of local economic growth. The econometric analysis uses establishment-level data to sort out growth outcomes into gross flows separately accounted for by new, existing, and vanishing establishments in the target areas. Results offer empirical evidence with strong external validity to support specific policy recommendations and show that the impacts of the incentives have more complex dynamics than those revealed by the null mean impact estimates obtained from analyzing net growth outcomes.

  • decomposing the impacts lessons from a multistate analysis of Enterprise Zone programs
    2005
    Co-Authors: Daniele Bondonio, Robert T Greenbaum
    Abstract:

    The U.S. Department of Housing and Urban Development’s Doctoral Dissertation Research Grant and The National Science Foundation Geography and Regional Science Program’s Doctoral Dissertation Research Improvement Grant.

  • do tax incentives affect local economic growth what mean impacts miss in the analysis of Enterprise Zone policies
    Research Papers in Economics, 2003
    Co-Authors: Daniele Bondonio
    Abstract:

    Geographically-targeted tax incentives remain popular initiatives in response to deteriorating economic conditions of urban and industrial areas. This paper exploits the exogenous variations of the U.S. state Enterprise Zone programs to estimate the impact of various incentive features on a number of dimensions of local economic growth. The econometric analysis uses plant level data to sort out growth outcomes into gross flows separately accounted for by new, existing, and vanishing businesses in the target areas. Results offer empirical evidence to support a number of specific policy recommendations and show that the impact of the incentives has more complex dynamics than those revealed by the null mean impact estimates obtained from analyzing net growth outcomes.

  • evaluating decentralized policies a method to compare the performance of economic development programmes across different regions or states
    Evaluation, 2002
    Co-Authors: Daniele Bondonio
    Abstract:

    This paper proposes an empirical method to evaluate decentralized economic development programs with heterogeneous characteristics implemented in different regions or states. The evaluation design developed in the paper is a comparative analysis that operationalizes differences in regional policy features and controls for pre-intervention heterogeneous characteristics of targeted areas. The proposed method is illustrated and tested through the evaluation of the U.S. Enterprise Zone (EZ) programs. The results of the analysis show that the proposed evaluation design is an effective tool for turning the heterogeneity of decentralized economic development programs from a threat to the validity of the analysis into a great opportunity for testing the effectiveness of a variety of region (or state) specific policy implementation features.

Thomas E Lambert - One of the best experts on this subject based on the ideXlab platform.

  • short term versus long term effects of the louisville Enterprise Zone incentives a response to sumei zhang
    Economic Development Quarterly, 2020
    Co-Authors: Thomas E Lambert
    Abstract:

    Zhang wrote that the Louisville Enterprise Zone (EZ) was more successful than what previous research showed and that variations in research design have led to conflicting or mixed reviews of many l...

  • short term versus long term effects of the louisville Enterprise Zone incentives a response to zhang
    Social Science Research Network, 2019
    Co-Authors: Thomas E Lambert
    Abstract:

    Zhang (2019) has written that variations in research design have led to conflicting or mixed reviews of many local economic development policies that are based on the Enterprise Zone concept. She mentions a study and an article (Lambert 1997, Lambert and Coomes 2001) on the Louisville, Kentucky Enterprise Zone (EZ) and implies the time horizon used to evaluate it was too short. This research note points out that the Louisville EZ went through multiple transformations and expansions over its history from 1983 to 2003, and as noted in the first of two studies, the original Zone showed virtually no progress from 1983 to 1990. Several other unpublished papers pointed out the same results when the original EZ and other parts of the expanded EZ were analyzed up to the last years of the 20th Century. Finally, this paper argues that and provides reasons for the methodology employed by Lambert and Coomes (2001) is a superior way of analyzing the Louisville EZ when compared to the methods employed by Zhang (2015). The main reason why Zhang (2015) shows success in the EZ is because she evaluates it in its final form in the late 1990s after it had annexed many sections of Jefferson County which were not as nearly economically disadvantaged as the original Louisville EZ established in 1983.

  • an evaluation of the effectiveness of louisville s Enterprise Zone
    Economic Development Quarterly, 2001
    Co-Authors: Thomas E Lambert, Paul A Coomes
    Abstract:

    Louisville, Kentucky, has one of the oldest and largest Enterprise Zones (EZs) in the United States, yet until recently, the program had not been independently evaluated. Perhaps because no clearly superior evaluation methodology has emerged in the literature, the efficacy of EZ programs around the United States remains a contentious subject among scholars and policy makers alike. The authors take a quasi-experimental approach in evaluating Louisville’s EZ, using many different measures to give the program every chance to show success. Program tax exemptions and administrative costs of more than $55 million within the 13-year period studied are identified. The measures reveal that one of the EZ’s three objectives was obtained in one geographic subset of the Zone, but not because of the EZ policy treatment. The research adds one more case study to the EZ literature and provides another indication of the questionable benefits of EZ programs.

Leslie E Papke - One of the best experts on this subject based on the ideXlab platform.

  • tax policy and urban development evidence from the indiana Enterprise Zone program
    Journal of Public Economics, 1994
    Co-Authors: Leslie E Papke
    Abstract:

    Abstract This paper analyzes the effect of the Indiana Enterprise Zone (EZ) program on local employment and investment using a panel of local taxing jurisdictions. As in other EZ programs, Indiana's incentives favor capital relative to labor, but the target of the capital incentive is unusual – the stock of inventories. Using various estimation methods, I estimate that Zone designation initially reduces the value of depreciable personal property by about 13 percent, but also reduces unemployment claims in the Zone and surrounding community by 19 percent. The value of inventories in Indiana Zones is 8 percent higher than it would be without the program.

  • tax policy and urban development evidence from the indiana Enterprise Zone program
    Research Papers in Economics, 1991
    Co-Authors: Leslie E Papke
    Abstract:

    In the last decade, most states have targeted certain depressed areas for revitalization by providing a combination of labor and capital tax incentives to firms operating in the "Enterprise Zone" (EZ). Despite the large number of state initiatives, and the frequent re-introduction of federal EZ legislation, there have been few statistical analyses of the effect of EZs apart from surveys of plan administrators. This paper analyzes the effect of the Indiana EZ program on local employment and investment using a panel of local taxing jurisdictions. In 1988, the direct budgetary costs of the Indiana program totaled over $11 million, averaging $13,933 per participating firm, $4,564 per new job, and $31,113 per new Zone resident job. I estimate that Zone designation initially reduces the value of depreciable personal property by about 13 percent, but also reduces unemployment claims in the Zone and surrounding community by 19 percent. Both estimates are statistically significant. The value of inventories in Indiana Zones is 8 percent higher than it otherwise would be, and the estimated effect is marginally statistically significant.

Gareth Brede - One of the best experts on this subject based on the ideXlab platform.

Peter Tyler - One of the best experts on this subject based on the ideXlab platform.

  • the impact of Enterprise Zone tax incentives on local property markets in england who actually benefits
    Journal of Property Research, 2013
    Co-Authors: Shaun A Bond, Ben Gardiner, Peter Tyler
    Abstract:

    Research on the impact of property taxes on local real estate markets has a long history in the urban economics literature but few studies have considered this issue in the context of the commercial real estate market or on data from outside the USA. This is surprising given the use which governments make of property tax exemptions to assist local regeneration with the UK Government recently announcing some 24 new Enterprise Zones (EZs) in England. In this study we use a novel data-set on commercial real estate leases to investigate the incidence of the local property tax savings. Our data-set covers both taxed and tax exempt areas during the operation of the EZ designations in the UK. Our findings show that a large part of the tax savings appears to be captured in higher rents charged by landlords.