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| Tekijä: | Bartolome, C de Spiegel, M. |
| Otsikko: | Regional competition for domestic and foreign investment: evidence from state development expenditures |
| Lehti: | Journal of Urban Economics
1995 : MAY, VOL. 37:3, p. 239-259 |
| Asiasana: | ECONOMICS FOREIGN INVESTMENT COMPETITION |
| Kieli: | eng |
| Tiivistelmä: | The authors develop a model in which state governments spend funds on attracting capital with the intent of maximizing the local net wage. The results suggest that states are likely to spend less on economic development as the state wage level increases, and to spend more on industrial development as the share of manufacturing in the state labor force increases. Empirical tests using state expenditure data confirm the predictions of the model. |
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