Document Type
Article
Publication Date
5-2010
Abstract
Tax increment financing (TIF) has been a popular and controversial economic development tool for several decades. This research considers the determinants of competitive dynamics, equity, and path dependency on TIF use. We use logistic and ordinary least squares regressions on the approval, number, and value of TIFs in Missouri to flesh out the way the determinants contribute to TIF approval, value, and frequency of use. This study finds that there are competitive dynamics that affect TIF use: being adjacent to another city that uses TIFs increases the likelihood that a city will approve a TIF. The study finds evidence that TIF adoption patterns contribute to intermunicipal inequality, and provides some support for the importance of path dependency on TIF use.
Copyright Statement
The final, definitive version of this paper has been published in the Economic Development Quarterly, Vol 24 (Iss 2), 2010. SAGE Publications, Inc., All rights reserved. DOI: 10.1177/0891242409358080
Publication Information
Mason, Susan and Thomas, Kenneth P.. (2010). "Tax Increment Financing in Missouri: An Analysis of Determinants, Competitive Dynamics, Equity, and Path Dependency". Economic Development Quarterly, 24(2), 169-179. https://doi.org/10.1177/0891242409358080