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THE MARKET FOR INDUSTRY: WHERE ANGELS FEAR TO TREAD?
Author(s) -
Peretz Paul
Publication year - 1986
Publication title -
review of policy research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.832
H-Index - 45
eISSN - 1541-1338
pISSN - 1541-132X
DOI - 10.1111/j.1541-1338.1986.tb00436.x
Subject(s) - subsidy , incentive , politics , nothing , state (computer science) , face (sociological concept) , economics , tread , market economy , economic policy , business , political economy , political science , law , sociology , social science , philosophy , epistemology , algorithm , computer science , chemistry , natural rubber , organic chemistry
This paper investigates one of the perennial mysteries in the area of state and local finance, the provision of tax and other subsidies to business by federal, state and local governments in the face of solid evidence that such incentives do little to nothing to influence business location or job creation. The paper looks at the upsurge in such governmental aid in the last decade and considers whether this upsurge has occurred because such aid is more efficacious than it used to be or whether it has occurred for political reasons unrelated to its effectiveness.