Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/64373
Authors: 
Watts, Brad R.
Erickcek, George A.
Duritsky, Jacob
O'Brien, Kevin
Robey, Claudette
Robey, Jim
Year of Publication: 
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

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