Title

Reining in the Competition for Capital

Year

2007

Abstract

This book explores the causes, character, and potential remedies for the growing spatial competition for capital. Its diverse group of contributors present a broad set of workable reforms including: regulation of site consultants; mandated transparency in negotiations, bids, and deals; better structured deals; performance requirements and clawbacks for subsidized firms; and adoption of united economic development budgets.

Contents

  1. Institutional and Political Determinants of Incentive Competition / Ann Markusen and Katherine Nesse
  2. The Sources and Processes of Tax and Subsidy Competition / Kenneth Thomas
  3. The Fiscal Consequences of Competition for Capital / Peter Fisher
  4. How the EU Manages Subsidy Competition / Adinda Sinnaeve
  5. Solving the Problems of Economic Development Incentives / Timothy J. Bartik
  6. Negotiating the Ideal Deal: Which Local Governments Have the Most Bargaining Leverage? / Rachel Weber
  7. Do Better Job Creation Subsidies Hold Real Promise for Business Incentive Reformers? / William Schweke
  8. Concrete Ways to Curtail the Economic War among the States / Greg LeRoy

ISBN

9780880992954 (pbk.) ; 9780880992961 (cloth)

Subject Areas

REGIONAL ISSUES; Business incentives