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Nontraditional Public Enterprise as Local Economic Development Policy
Author(s) -
Imbroscio David L.
Publication year - 1995
Publication title -
policy studies journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.773
H-Index - 69
eISSN - 1541-0072
pISSN - 0190-292X
DOI - 10.1111/j.1541-0072.1995.tb01738.x
Subject(s) - public enterprise , business , local economic development , public policy , phenomenon , public ownership , public sector , industrial organization , industrial policy , economic policy , economic system , economic growth , market economy , economics , public administration , economy , political science , international trade , physics , quantum mechanics
Recently, many local governments have explored or implemented economic development policies involving “local public enterprise,” i.e., local‐level public ownership of economic enterprises and other profitmaking productive assets. This policy activity tends to involve enterprises and productive assets not traditionally owned by the local public sector, such as hotels, retail establishments, manufacturing facilities, and sports teams. This emerging but still experimental policy phenomenon is explored systematically below.