The Effect of State and Local Fiscal Policy on Local Economic Development

August 1, 2004

Funding: National Center for Real Estate Research

Summary: Provide a synthesis and critique of current knowledge and research on 1) the factors driving local economic growth and development and 2) the effects of state and local fiscal policy upon local economic growth and development. The report made clear where there is clear consensus, where there is disagreement, and where research is currently lacking.



David Brunori

Michael Bell - Research Professor

Hal Wolman - Research Professor

Joseph Cordes


State and Local Fiscal Policy and Economic Growth and Development

August 11, 2005