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Upjohn Institute Working Papers, W. E. Upjohn Institute for Employment Research >
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http://hdl.handle.net/10419/64373
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| Title: | | What should EDA fund? Developing a model for pre-assessment of economic development investments  |
| Authors: | | Watts, Brad R. Erickcek, George A. Duritsky, Jacob O'Brien, Kevin Robey, Claudette Robey, Jim |
| Issue Date: | | 2009 |
| Series/Report no.: | | Upjohn Institute Working Paper 09-155 |
| Abstract: | | This paper describes the completion of a 'comprehensive study of regionalism' that was conducted by a joint team of economists and economic development specialists for the Economic Development Administration (EDA). The project consisted of two main activities: an examination of the factors associated with economic development success and the creation of a practical interactive tool for EDA project assessment and comparison. Findings from surveys, interviews, and project case studies are discussed in terms of their support for a positive relationship between successful economic development efforts and factors such as leadership and private investment. Also, the authors discuss the creation of a quantitative assessment model utilizing well-known approaches such as economic impact multipliers and cluster theory. The primary contribution of this work to the existing body of EDA-focused research and evaluation literature is introducing a means of using standardized scores, also known as z-scores, to compare and assess economic development projects across both industries and regions. |
| Subjects: | | regional economic development economic impact assessment model EDA z-score |
| JEL: | | O21 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Upjohn Institute Working Papers, W. E. Upjohn Institute for Employment Research
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