Persky (economics, University of Illinois-Chicago) offers a new framework for evaluating state and local economic development efforts, a method that clarifies the potential justifications for economic development subsidies as well as the limitations surrounding these efforts. He reviews the variations of the traditional approach to project evaluation, then describes the new model and applies it to job chains in boom and bust years, across geographical divisions, and in services and manufacturing. Annotation ©2004 Book News, Inc., Portland, OR (booknews.com)
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The job-chains approach is likely to be of utility to a range of audiences in the economic development community. For the practitioner, the job-chains model presents a powerful tool for assessing the opportunities and constraints of subsidizing job creation. For the policymaker, adopting a job-chains perspective sheds new light on many time-honored policies for promoting economic development, such as targeting, industrial recruitment, and people-based strategies. For the researcher, accounting for trickle down when evaluating job creation presents a series of analytical challenges that can be met within the framework of the job-chains model.
"An excellent read for those who conduct impact assessment [and] an excellent complimentary text for a regional economic methods course." -- Journal of Regional Science, 45(3), 2005
"[This book] is likely to be of interest to a variety of readers from the economic development community." -- International Labour Review, 144(2), 2005
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