DP12889 Place-Based Policies for Development

Author(s): Gilles Duranton, Anthony J Venables
Publication Date: April 2018
Keyword(s): economic corridors, lagging regions, Place based policies, spatial, urban
JEL(s): O10, O18, R10, R11, R13
Programme Areas: International Trade and Regional Economics, Development Economics
Link to this Page: cepr.org/active/publications/discussion_papers/dp.php?dpno=12889

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.