People, Places and Public Policy: Some Simple Welfare Economics of Local Economic Development Programs
---- Acknowledgements ----
We thank Alan Auerbach, Tim Bresnahan, Rebecca Diamond, Juan Carlos Suarez Serrato, Reed Walker, Danny Yagan, and Owen Zidar for helpful comments. Attila Lindner provided outstanding research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.