Clusters and benchmarks on the dynamics of nanoscience and nanotechnology
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Losing focus: A comparative evaluation of spatially targeted economic revitalization programmes in the US and the EU

Book or journal references : Regional Studies, vol. 38, pp. 319-334 (2004).

Author(s) : Greenbaum , R. T. and Bondonio , D.

Abstract :

Do large-scale regional economic revitalization programmes maintain their focus on distressed areas over time? While ignored by much of the impact evaluation literature, the question is vital to address as increased public resources are being devoted to local and regional revitalization efforts. Economic rational and previous empirical findings argue in favour of keeping geographically targeted programmes focused exclusively on distressed areas. The issue is examined by estimating probit econometric models to comparatively evaluate the characteristics of the target areas designated in three rounds of US federal Empowerment Zone and EU Objective 2 programmes. The paper finds that although the programmes were fashioned in different ways, subsequent rounds of designation on both continents greatly expanded the programmes to cover areas with less distress.

Keywords :

public policy; regional urban and rural analyses; analysis of growth development and changes; size and spatial distributions of regional economic activity ENTERPRISE ZONES; EMPOWERMENT ZONES; EMPLOYMENT; STATE; TAX

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