Full Citation
Title: Do Targeted Tax Credits Generate Economic Development? Evidence From Movie Production Incentives
Citation Type: Working Paper
Publication Year: 2018
ISBN:
ISSN: 1556-5068
DOI: 10.2139/ssrn.3155407
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Abstract: Movie production incentives (MPI) are a popular economic development strategy employed by US states. Film subsidies are intended to encourage external investment into a nascent industry that spills over onto complementary industries to generate economic growth through a multiplier. Despite their widespread use, the positive impact of MPIs on state economies has not been documented, and several states have halted their MPI programs due to high costs and questionable efficacy. This study exploits the staggered implementation, suspension, and elimination of film incentive programs across states to estimate the macroeconomic impact of MPIs. Instrumental variable estimates that permit causal inference do not support the hypothesized positive impacts of film incentives on state economies. JEL codes: H25, H71, L82, R11, R38, Z11, Z18
Url: https://ssrn.com/abstract=3155407
Url: https://www.ssrn.com/abstract=3155407
User Submitted?: No
Authors: Bradbury, John Charles
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Institution: Kennesaw State University
Pages: 327-342
Publisher Location:
Data Collections: IPUMS USA
Topics: Labor Force and Occupational Structure
Countries: United States