Mayoral views on economic incentives: valuable tools or a bad use of resources?
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Mayoral Views on Economic Incentives: Valuable Tools or a Bad Use of Resources? explores which types of cities and mayors embrace – or reject – tax concessions and subsidies to attract or retain business. The authors find considerable variation in how individual mayors think about these issues; personal traits of the mayor (e.g., party and time in office) and city level characteristics (e.g., economic performance) do not predict their views on economic incentives. The absence of clear patterns suggests to the authors that the supposedly omnipresent pressure to provide inducements to business investment is not the recurring, vivid presence in the lives of mayors that we might expect.
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