Discussion Paper Details

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Title: Place-Based Policies for Development

Author(s): Gilles Duranton and Anthony Venables

Publication Date: April 2018

Keyword(s): economic corridors, lagging regions, Place based policies, spatial and urban

Programme Area(s): Development Economics and International Trade and Regional Economics

Abstract: Many development policies, such as placement of infrastructure or local economic development schemes, are "place-based." Such policies are generally intended to stimulate private sector investment and economic growth in the treated place, and as such they are difficult to appraise and evaluate. This paper sets out a framework for analyzing the effects of such policies and assessing their social value. It then reviews the literature on place-based policies in the contexts of transport improvements, economic corridors, special economic zones, lagging regions, and urban policies.

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Bibliographic Reference

Duranton, G and Venables, A. 2018. 'Place-Based Policies for Development'. London, Centre for Economic Policy Research.