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The Impact of a State-Level, Place-Based Economic Development Program: A Difference-in-Differences Approach
Economic Development Quarterly ( IF 1.077 ) Pub Date : 2024-03-20 , DOI: 10.1177/08912424241237507
Michael J. Hicks 1 , Dagney Faulk 1
Affiliation  

This analysis uses a difference-in-differences approach to examine the impact of the Regional Cities Initiative (RCI) on economic development outcomes in counties that participated in the program relative to those that did not participate. The RCI was a place-based economic development program that was implemented in Indiana beginning in 2015. Through a competitive process, this program provided funding for projects meant to improve the quality of life in three regions of the state. The results indicate that participating counties had higher gross domestic product growth and higher employment growth than nonparticipating counties. There is limited evidence that the program had a positive impact on population growth. There were no discernable effects on house prices or earnings.

中文翻译:

州级、地方经济发展计划的影响:双重差异法

本分析采用双重差分法来检验区域城市计划 (RCI) 对参与该计划的县相对于未参与该计划的县的经济发展成果的影响。 RCI 是一项基于地方的经济发展计划,于 2015 年开始在印第安纳州实施。通过竞争过程,该计划为旨在改善该州三个地区生活质量的项目提供资金。结果表明,参与县的国内生产总值增长率和就业增长率均高于非参与县。有限的证据表明该计划对人口增长产生了积极影响。对房价或收入没有明显影响。
更新日期:2024-03-20
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