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Title:What should EDA fund? Developing a model for pre-assessment of economic development investments PDF Logo
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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