Category Archives: Economic Growth

Business-targeted tax cuts do not improve state economies

economic_growth

FROM a London School of Economics and Political Science paper by Soledad Artiz Prillaman and Kenneth J Meier (my emphasis): Studying the 50 U.S. states over the past four decades, we find that tax incentives to businesses prove unhelpful in stimulating economic growth and may even be harmful to state economies. Over the past 30 […]

Infrastructure Spending and Tax Incentives

economic_growth

FROM a recent Bloomberg article on the issue of infrastructure spending: Last week, Larry Summers repeated his plea for the U.S. to invest more in its crumbling infrastructure. He—and the latest World Economic Outlook (PDF) from the International Monetary Fund—are imploring governments to issue additional debt to finance roads, bridges, water treatment, and extension of power grids. Even the […]

Do Colleges and Universities Increase Their Region’s Human Capital?

economic_growth

TO follow up two previous posts regarding job growth and educational attainment.  Succinctly, increasing the educational attainment of a workforce alone will not boost job growth unless there is adequate demand for labor is there.  To reinforce that, the following is the abstract from a 2011 paper authored by Jaison Abel and Richard Deitz (my emphasis): […]

Advanced Degrees and Job Growth

economic_growth

THERE’S been some discussion in Maine about the need to increase educational attainment of the state’s workforce to boost job growth.  While such discussions garner support, and the notion that Maine’s job growth would accelerate with a more educated workforce, there are some questions about the efficacy of education as an engine for economic growth. […]

The (false) promise for jobs

Jobs-report

FROM an op-ed titled A promise to grow jobs, shrink government that no Maine politician is making, authored by Allison Mitchell and published in this morning’s BDN: In just a month, America votes. Here in Maine, I’ll be looking for candidates smart and bold enough to call for investment in Maine’s future. As a parent, […]

On Ending Economic Bidding Wars Among the States

bidding-wars

AS reported by the LA Times, a four state bidding war for Tesla’s battery plant was finally settled earlier this month, with Nevada ‘winning’ the bid.  In exchange for the electric car maker’s roughly 6,500 jobs, Nevada’s bid included: Tesla will get more than $1.25 billion in tax breaks and other incentives.  That includes up […]

What’s actually alarming about the Portland study

Portland employment

From the PPH (for the BDN piece): Portland is losing ground at an “alarming” rate, according to a new study examining nearly 30 indicators of where the city’s economy is headed. Portland’s Economic Scorecard 2014-2015, to be released Tuesday by the Portland Community Chamber, shows that the city has experienced lackluster improvement – or no […]

Philadelphia Fed predicts economic growth for Maine over the next 6 months

7-14 leading index

FROM the Philadelphia Fed: The Federal Reserve Bank of Philadelphia has released the leading indexes for the 50 states for July 2014. The indexes are a six-month forecast of the state coincident indexes (also released by the Bank). Forty-five state coincident indexes are projected to grow over the next six months, while five are projected […]