Highway Accessibility, Location Rents, And The Efficiency Of Metropolitan Area Tax Base Sharing

One solution that has been proposed for the fiscal disparities in fragmented metropolitan areas is the sharing of taxes generated by commercial and industrial property. A criticism of this proposal is that it distorts the efficient pattern of business locations resulting when an implicit market for business locations is allowed to develop through the independent fiscal behavior of communities and the optimizing location behavior of businesses. Critics recognize that the efficiency argument against sharing a metropolitan area\u27s business tax base must be qualified to the extent that local governments possess location advantages which enable them to extract rents from business firms. This paper presents an empirical analysis which permits a partition of the local property tax payments from industrial firms into accessibility location rents and compensation payments to the community for the negative externalities of industrial development. The empirical analysis suggests that approximately 40 percent of the industrial taxes received by communities in this analysis represents accessibility location rents. It is concluded that these receipts could be redistributed through a metropolitan area tax base sharing program without affecting the efficiency of the implicit market for business locations. Copyright © 1990, Wiley Blackwell. All rights reserve

Factors In The Adoption Of Industrial Development Incentives By States

The continued proliferation of state indusrial development incentive programmes in the absence of any evidence of their effectiveness raises several interesting policy questions. First, why do states continue to adopt new incentive programmes and secondly, what factors determine the type of new incentives that are adopted? These questions are investigated through the use of a set of empirical (logit) models of states\u27 decisions to adopt new industrial development incentive programmes. In these models the decisions are hypothesized to be influenced by the states\u27s economic and fiscal condition, the state\u27s relative advantages and disadvantages with respect to important industrial location factors, and the incentive packages of the subject state and its neighbours. The results provide limited support for the frequently advanced, but previously untested, hypothesis that a primary determinant of a state\u27s incentive adoption decision is the recent adoption of similar incentivies in neighbouring states. The decisions are also found to be influenced by the state\u27s economic and fiscal condition and its relative advantage with respect to the traditional industrial location factors

Practical Issues In Measuring The Impact Of A Cultural Tourist Event In A Major Tourist Destination

Assessing the revenue generation and other economic influences of a one-time megaevent raises unique measurement problems. This is especially true when the event is a “cultural” tourist activity held in a place where many “casual” tourists flock. This article describes this delineation process and presents the basis for encouragement of cultural tourist events. © 2000, Sage Publications. All rights reserved

The Metropolitan Area Location Decisions Of Wholesale Trade Firms

This study uses information from a survey of 536 wholesale trade firms to analyze the importance of the traditional industrial location factors in their choice of a metropolitan area location. The conclusion of this analysis is that the location decisions of many wholesale trade firms are affected by some of the same factors that influence the choice of manufacturing firms. While market considerations were the dominant factors in the location choice of the overwhelming majority of the firms surveyed, an area\u27s business climate and resource cost considerations were also identified as important factors by a majority of the respondents. The importance of the regional location factors vary by the firm\u27s market scope, search activity, company structure, and expansion plans but, with several exceptions, doesn\u27t appear to vary by firm size. © 1987, Sage Publications. All rights reserved

Replacement Income, Duration Of Unemployment And The Migration Of Unemployed Prime Age Males

The relationship between the interstate migration of unemployed males of prime working age (i.e. 25-44 years of age), the level of unemployment replacement income and the duration of unemployment spells is addressed through the use of a relatively untapped data source - the US Census\u27s Survey of Income and Program Participation (SIPP). The rich set of details that are provided in this database allows a more precise empirical analysis of the above relationships than has been possible with PSID, CPS and other previously used databases. By restricting the sample to a relatively homogeneous segment of the work force it is possible to isolate better the effects of unemployment replacement income and job search duration on the migration decision of unemployed workers without the confounding effects of the variety of demographic factors that previous studies have shown to influence labour force migration. The results suggest that for unemployed prime working age males, the probability of migration is negatively related to the level of unemployment replacement income that is received and positively related to the percentage of the total household income that was contributed by the worker prior to becoming unemployed. Furthermore, by using a quadratic specification the duration of an unemployment spell is shown to have a positive affect on the probability of migration up to a certain point and negative thereafter. The latter result is in contrast to the findings of some of the previous research, which suggests an unambigious negative relationship between the duration of unemployment and the probability of migration. © 1993, Taylor & Francis Group, LLC. All rights reserved

Special Cultural Events: Do They Attract Leisure Tourists?

Within the casual tourist market - is there potential for cultural tourism? This article compares economic (expenditure) and demographic data for casual (leisure) visitors to Orlando with those who attended a cultural exhibition in Orlando. The groups differed as to their expenditure patterns and demographic factors. The exhibition attendees had higher incomes, were older, and were better educated. The ability of a cultural experience to tap a large casual tourist market appears limited. © 1999 Elsevier Science Ltd. All rights reserved