Hostname: page-component-78c5997874-mlc7c Total loading time: 0 Render date: 2024-11-10T16:48:16.906Z Has data issue: false hasContentIssue false
  • English
  • Français

Tax Incentives: An Effective Development Strategy for Rural Communities?

Published online by Cambridge University Press:  28 April 2015

Daniel V. Rainey  and
Kevin T. McNamara
Daniel V. Rainey
Affiliation:
Department of Agricultural Economics and Agribusiness, University of Arkansas, Fayetteville, AR
Kevin T. McNamara
Affiliation:
Department of Agricultural Economics, Purdue University, West Lafayette, IN
Get access Rights & Permissions [Opens in a new window]

Abstract

As national and local economies become more globalized, many rural areas are going to find it more difficult to compete for private capital investments. A traditional tool, modifications to tax policy, of state and local governments will not be as effective (for many communities it has never been effective) in the future. These communities will need to seek other avenues of growth. However, for many rural communities even alternative avenues will not lead to enhanced economic opportunity.

Keywords

agglomerationrural developmenttax policyR51R58O21O23R11R38
Type
Invited Paper Sessions
Information
Journal of Agricultural and Applied Economics , Volume 34 , Issue 2 , August 2002 , pp. 319 - 325
Copyright
Copyright © Southern Agricultural Economics Association 2002

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Anderson, J.E., and Wassmer, R.W.. Bidding for Business: The Efficiency of Local Economic Development Incentives in a Metropolitan Area. Kalamazoo, MI: W.E. UpJohn Institute for Employment Research, 2000.CrossRefGoogle Scholar
Aschauer, D.A. “Highway Capacity and Economic Growth.” Economic Perspectives: A Review from the Federal Reserve Bank of Chicago 14(1990):14–24.Google Scholar
Bartik, T.Who Benefits from State and Local Economic Development Policies? Kalamazoo, MI: W.E. UpJohn Institute for Employment Research, 1991.CrossRefGoogle Scholar
Boblett, R. “Factors in Industrial Location.” The Appraisal Journal 35(1967):518-26.Google Scholar
Deller, S.C., Tsai, T-H., Marcoulier, D.W., and English, D.B.K.. “Amenities and Quality of Rural Life.” American Journal of Agricultural Economics 83(2001):352-65.CrossRefGoogle Scholar
Eberts, R. “Estimating the Contribution of Urban Public Infrastructure to Regional Growth.” Working Paper 8610, Federal Reserve Bank of Cleveland, 1986.Google Scholar
Eberts, R. “Some Empirical Evidence on the Linkage Between Public Infrastructure and Local Economic Development.” Industrial Location and Public Policy. Herzog, H. and Schlottmann, A., eds., pp. 83–96. Knoxville, TN: The University of Tennessee Press, 1991.Google Scholar
Fisher, P., and Peters, A.. Industrial Incentives: Competition Among American States and Cities. Kalamazoo, MI: W.E. UpJohn Institute for Employment Research, 1998.CrossRefGoogle Scholar
Fox, W., and Murray, M.. “The Effects of Local Government Public Policies on the Location of Business Activity.” Industrial Location and Public Policy. Herzog, H. and Schlottmann, A., eds., pp. 97–119. Knoxville, TN: The University of Tennessee Press, 1991.Google Scholar
Gabe, D.Y. “Are Tax Incentives for Economic Development Rational.” Journal of Regional Analysis and Policy 26(1996):99–112.Google Scholar
Gerking, S., and Morgan, W.. “Measuring Effects of Industrial Location and State Economic Development Policy: A Survey.” Industrial Location and Public Policy. Herzog, H. and Schlottmann, A., eds., pp. 31–56. Knoxville, TN: The University of Tennessee Press, 1991.Google Scholar
Goeken, W., and Dobbs, T.. “Rural Manufacturing Development: What Influences It?” Brookings, SD: South Dakota State University Agricultural Experiment Station paper B-683, 1982.Google Scholar
Goetz, S.J. “State- and County-Level Determinants of Food Manufacturing Establishments Growth: 1987-93.” American Journal of Agricultural Economics 79(1997):838-50.CrossRefGoogle Scholar
Greenhut, M.L.Plant Location: In Theory and in Practice: The Economics of Space. Chapel Hill, NC: The University of North Carolina Press, 1956.Google Scholar
Hekman, J. “What are Businesses Looking For? Survey of Location Decisions in the South.” Economic Review—Federal Reserve Bank of Atlanta 67(1982):6–19.Google Scholar
Henderson, J.R., and McNamara, K.T.. “Community Attributes Influencing Local Food Processing Growth in the U.S. Corn Belt.” Canadian Journal of Agricultural Economics 45(1997):235-50.CrossRefGoogle Scholar
Henderson, J.R., and McNamara, K.T.. “The Location of Food Manufacturing Plant Investments in Corn Belt Counties.” Journal of Agricultural and Resource Economics 25(2000):680-97.Google Scholar
Henry, M., and Drabenstott, M.. “A New Micro View of the U.S. Rural Economy.” Economic Review—Federal Reserve Bank of Kansas City 81(1996):53–70.Google Scholar
Isserman, A.J. “Competitive Advantages of Rural America in the Next Century.” International Regional Science Review 24(2001):38–58.CrossRefGoogle Scholar
Johnson, T.G. “The Rural Economy in a New Century.” International Regional Science Review 24(2001):38–58.CrossRefGoogle Scholar
McNamara, K., Kriesel, W., and Deaton, B.. “Manufacturing Location: The Impact of Human Capital Stocks and Flows.” The Review of Regional Studies 18(1988):42–47.CrossRefGoogle Scholar
McNamara, K., Kriesel, W., and Rainey, D.. “Manufacturing Recruitment as a Rural Development Strategy.” Rural Development Strategies. Sears, D. and Reid, J., eds. Chicago: Nelson-Hall Publishers, 1995.Google Scholar
Miller, S., and Russek, F.. “Fiscal Structures and Economic Growth at the State and Local Level.” Public Finance Review 25(1997):213-37.CrossRefGoogle Scholar
Newman, R., and Sullivan, D.. “Econometric Analysis of Business Tax Impacts on Industrial Location: What Do We Know, and How Do We Know It?” Journal of Urban Economics 23(1988):215-34.CrossRefGoogle Scholar
Papke, J., and Papke, L.. “Measuring Differential State and Local Tax Liabilities and Their Implications for Business Investment Location.” National Tax Journal 39(1986):357-66.CrossRefGoogle Scholar
Rainey, D.V., and McNamara, K.T.. “Taxes and Manufacturing Site Location Decisions.” Review of Agricultural Economics 21(1999):86–98.Google Scholar
Schmenner, R. “Geography and the Character and Performance of Factories.” Industrial Location and Public Policy. Herzog, H. and Schlottmann, A., eds., pp. 241-56. Knoxville, TN: The University of Tennessee Press, 1991.Google Scholar
Schmenner, R., Huber, J., and Cook, R.. “Geographic Differences and the Location of New Manufacturing Facilities.” Journal of Urban Economics 21(1987):83–104.CrossRefGoogle Scholar
Shaffer, R.Community Economics: Economic Structure and Change in Smaller Communities. Ames, IA: Iowa State University Press, 1989.Google Scholar
Smith, D.Industrial Location: An Economic Geographical Analysis. New York: John Wiley & Sons, 1971.Google Scholar
Smith, E., Deaton, B., and Kelch, D.. “Location Determinants of Manufacturing Industry in Rural Areas.” Southern Journal of Agricultural Economics 10(1978):23–32.Google Scholar