JOURNAL ARTICLE
The Great Recession's Impact on Credible Commitment: An Analysis of Private Investment in Tax Increment Financing Districts
- Title:
- The Great Recession's Impact on Credible Commitment: An Analysis of Private Investment in Tax Increment Financing Districts
- Authors:
- Overton, Michael Bland, Robert
- Year:
- 2014
- Output Type:
- Journal Article
- Venue:
- State and Local Government Review
- Venue Type:
- Peer-reviewed journal
- Status:
- Published
- Theme:
- Municipal Finance and Budgeting
- Sub-theme:
- Economic Development
- Shared Trajectory:
- Public-Private Partnerships
- Abstract:
- This study explores the Great Recession’s effect on the commitment by the city of Dallas, Texas, to its private partners in seventeen tax increment financing (TIF) districts. What effect did the recession have on private investment in public–private partnerships? Did the recession cause a loss of credibility in the city’s commitment, resulting in lower levels of private investment? Was there a lasting structural change in the determinants of private participation stemming from the recession? Results from a random effects Tobit model show that the city’s proposed budget for each TIF district was a significant determinant of the level of private investment. However, during the recession, the actual amount of investment by the city was essential to reassuring private investors of the city’s commitment.
- Topics:
- Tax increment financing Public-private partnerships
- DOI:
- https://doi.org/10.1177/0160323X14559713
- Citations (OpenAlex):
- 12
- OpenAlex ID:
- W2313835224
- Full Citation:
- Overton, Michael and Robert Bland. (2014). "The Great Recession's Impact on Credible Commitment: An Analysis of Private Investment in Tax Increment Financing Districts." State and Local Government Review, 46 (4), 282-297. https://doi.org/10.1177/0160323X14559713
Cite this work
Published
Reference
Overton, Michael; Bland, Robert (2014). The Great Recession's Impact on Credible Commitment: An Analysis of Private Investment in Tax Increment Financing Districts. State and Local Government Review.
@article{overton2014_the_great_recession_s_im,
title = {The Great Recession's Impact on Credible Commitment: An Analysis of Private Investment in Tax Increment Financing Districts},
author = { Overton, Michael and Bland, Robert },
year = {2014},
journal = {State and Local Government Review},
doi = {10.1177/0160323X14559713},
url = {https://www.michaeloverton.net/research/items/the_great_recession_s_impact_on_credible_commitment_an_analy.html}
}