| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28594 |
| 来源ID | Working Paper 28594 |
| Combining Rules and Discretion in Economic Development Policy: Evidence on the Impacts of the California Competes Tax Credit | |
| Matthew Freedman; David Neumark; Shantanu Khanna | |
| 发表日期 | 2021-03-22 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We evaluate the effects of one of a new generation of economic development programs, the California Competes Tax Credit (CCTC), on local job creation. Incorporating perceived best practices from previous initiatives, the CCTC combines explicit eligibility thresholds with some discretion on the part of program officials to select tax credit recipients. The structure and implementation of the program facilitates rigorous evaluation. We exploit detailed data on accepted and rejected applicants to the CCTC, including information on scoring of applicants with regard to program goals and funding decisions, together with restricted access American Community Survey (ACS) data on local economic conditions. Using a difference-in-differences approach, we find that each CCTC-incentivized job in a census tract increases the number of individuals working in that tract by over two – a significant local multiplier. We also explore the program’s distributional implications and impacts by industry. We find that CCTC awards increase employment among workers residing in both high income and low income communities, and that the local multipliers are larger for non-manufacturing awards than for manufacturing awards. |
| 主题 | Public Economics ; Taxation ; Subnational Fiscal Issues ; Labor Economics ; Unemployment and Immigration ; Regional and Urban Economics ; Regional Economics |
| URL | https://www.nber.org/papers/w28594 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586268 |
| 推荐引用方式 GB/T 7714 | Matthew Freedman,David Neumark,Shantanu Khanna. Combining Rules and Discretion in Economic Development Policy: Evidence on the Impacts of the California Competes Tax Credit. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28594.pdf（458KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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