Purpose: This paper aims to present the theoretical and conceptual framework of a new method in public finance called 'participation based tax increment financing (P-TIF)' by combining conventional tax increment financing (TIF) within the Sharīʿah-compliance structure....

Scholars often explain the rise of tax increment financing (TIF) as a natural progression toward localized revenue sources born of devolution, increased interlocal competition for business investment, and fiscal constraint. Although such factors provide important context, our genealogy of TIF in...

Business improvement districts (BIDs) have become popular commercial revitalization tools. To date, the literature has focused on the experiences of large BIDs in the wealthiest parts of the city. The author offers qualitative and quantitative data on 41 of New York City’s BIDs in an...

In wake of the global economic crisis, there is a growing pressure on cities to engage in new entrepreneurial strategies for development. Financialised development mechanisms, such as Tax Increment Financing, could enable cities to re-ignite growth and stimulate development. This article...

Markets fail in the provision of public goods. Public goods are non-rival and non-exclusive. It creates the problem of free riding. Hence, public goods and infrastructure is often provided by the governments. As discussed in endogenous growth models, the public infrastructure and capital goods...

Although the majority of empirical research on tax increment financing (TIF) examines municipal-level effects, there are fewer studies looking at TIF effects at a more localized level. This article examines the characteristics of the areas in which TIF districts are located as well as the...

This is the first study to directly examine the relationship between tax increment financing (TIF) and education expenditures, using the state of Iowa as a case study. I find that greater use of TIF is associated with reduced education expenditures. I also find little evidence to support the...

Increasingly, municipal leaders justify their use of tax increment financing (TIF) by touting its role in improving municipal employment. However, empirical studies on TIF have primarily examined TIF's impact on property values, ignoring the claim that serves as the primary justification for its...