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Place-Based Policies for Development

Gilles Duranton, Anthony J. Venables

NBER Working Paper No. 24562
Issued in April 2018
NBER Program(s):The Development Economics Program, The Public Economics Program

Many development policies, such as placement of infrastructure or local economic development schemes, are “place-based.” Such policies are generally intended to stimulate private sector investment and economic growth in the treated place, and as such they are difficult to appraise and evaluate. This paper sets out a framework for analyzing the effects of such policies and assessing their social value. It then reviews the literature on place-based policies in the contexts of transport improvements, economic corridors, special economic zones, lagging regions, and urban policies.

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Document Object Identifier (DOI): 10.3386/w24562

 
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