The dynamic and persistent effects of tax increment financing as an example of place-based policy
Evidence from Cook County, Illinois
Datos Bibliográficos
| ID | 10408326 |
|---|---|
| Autores | Geon Kim (0000-0001-8565-4836, University of Illinois Urbana-Champaign, autor de correspondencia) |
| Año | 2023 |
| Volumen | 58 |
| Número | 6 |
| Páginas | 1339-1355 |
| Fecha de publicación | 2023-09-01 |
| Open Access | No |
| Tipo | ARTICLE |
| Revista | Regional Studies (JOURNAL) |
| Identificadores de la revista | ISSN: 0034-3404 • E-ISSN: 1360-0591 |
| Editorial | Routledge (PUBLISHER • GB) |
| DOI | 10.1080/00343404.2023.2242401 |
| OpenAlex | W4386370021 |
| Idioma | EN |
| Citas recibidas | 3 |
| Referencias citadas | 27 |
Using a staggered difference-in-differences design, this paper analyses the effects of tax increment financing (TIF) in Cook County, Illinois. TIF is negatively correlated with the number of establishments in Chicago, likely due to unintended tax burdens and competition between TIF districts. In non-Chicago areas, TIF shows positive effects on employment for 6–20 years. Lastly, this study provides evidence of the persistent effects of TIF and its potential to move localities from low- to high-density economic activity, calling for a re-evaluation of the argument against subsidising economically lagging areas
Argument (complex analysis · Census · Competition (biology · Demographic economics · Economics · Government (linguistics · Lagging · Local government · Political science · Public economics · Sociology · Statistics · Unintended consequences · Demography · Fiscal Policy and Economic Growth · Law · Mathematics · Public Administration · Regional Economics and Spatial Analysis · Urban, Neighborhood, and Segregation Studies
Doubly robust difference-in-differences estimators
Government programs can improve local labor markets
People, Places, and Public Policy
Two-Way Fixed Effects Estimators with Heterogeneous Treatment Effects
Difference-in-Differences with multiple time periods
Do local governments use business tax incentives to compensate for high business property taxes
The impact of tax increment financing programs on local economic development
Municipal Investment and Property Value Appreciation in Chicago’s Tax Increment Financing Districts
The Effects of Tax Increment Financing on Economic Development
Neighborhood characteristics and the targeting of tax increment financing in Chicago
Large Redevelopment Initiatives, Housing Values and Gentrification
Does Tax Increment Financing Raise Urban Industrial Property Values
Does Chicago’s Tax Increment Financing (TIF) Programme Pass the ‘But-for’ Test? Job Creation and Economic Development Impacts Using Time-series Data
Regional employment and housing impacts of tax increment financing districts
| Citas por año | 1,5 |
|---|---|
| Intervalo de citas | 2024 - 2025 (2) |
| Altamente citado | No |