ASSESSING THE IMPACT ON PER CAPITA INCOME OF ECONOMIC DEVELOPMENT ADMINISTRATION GRANT PROGRAMS BY PROGRAM TYPE, COUNTY TYPE, RECIPIENT TYPE, AND GRANT SIZE
Keller, Stephanie Anne
This study employs a fixed effects regression model to assess whether EDA grant programs affect personal per capita income in awarded US counties. To further the literature in identifying what works best in economic development policy, the differential effects by the type of recipient awarded and grant program as well as grant size and county type are also analyzed. This analysis verifies, to a large extent, that the impact of EDA grants on per capita income in US counties is difficult to detect. Nonetheless, small monetary affects of specific grant programs to particular recipient types are found to be statistically significant. Grants to state governments for planning especially are associated with higher personal per capita income across models while specific program grants to counties of different sizes, such as other program grants to county governments in micropolitan communities, are also found to be impactful.
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