Introduction: the art of engineering prosperity in unlikely places -- The tyranny of litanies -- Unpleasant truths about institutional and financial development -- The economics of chance: policy prescriptions as laundry lists -- The mechanics of failure and the secrets of success -- Ambitious...

This paper estimates that Michigan’s MEGA tax credit program to attract and retain businesses has large employment and fiscal benefits. MEGA provides discretionary tax credits to businesses, with the tax credit tied to the personal income taxes paid by employees on the new or retained jobs. We...

Auf der Suche nach neuen Konzepten und Instrumenten, um den anhaltenden Bedeutungsverlust der innerstädtischen Geschäftszentren aufzuhalten, werden derzeit zwei Maßnahmen intensiv diskutiert und praktiziert: Erstens die Ansiedlung von Shopping-Malls in integrierten Lagen innerhalb der...