Some Economic Effects of the Program of the Tennessee Valley Authority PDF Download
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Author: Tennessee Valley Authority. Commerce Department
Publisher:
ISBN:
Category : Tennessee River Region
Languages : en
Pages : 14
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Book Description
Author: Tennessee Valley Authority. Commerce Department
Publisher:
ISBN:
Category : Tennessee River Region
Languages : en
Pages : 14
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Book Description
Author: Therese Louise McKenney
Publisher:
ISBN:
Category :
Languages : en
Pages : 2
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Author: U S Government Accountability Office (G
Publisher: BiblioGov
ISBN: 9781289008345
Category :
Languages : en
Pages : 40
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Book Description
Pursuant to a congressional request, GAO provided information on the impact of the economic development assistance provided by the Appalachian Regional Commission (ARC), the Department of Commerce's Economic Development Administration (EDA), and the Tennessee Valley Authority's (TVA) nonpower programs, focusing on: (1) the impact of these economic development programs; and (2) how these agencies calculate the programs' performance ratios. GAO found that: (1) there is no study that establishes a strong causal link between agencies' economic development assistance and positive economic effects beyond particular locations, projects, and programs; (2) only two of the several studies reviewed attempted to assess the overall impact of ARC and EDA assistance on economic development and they only showed marginal linkage between programs and economic development; (3) there are no studies on the TVA nonpower programs' economic impact; (4) the lack of definitive research is due to the difficulty of linking a program's impact to economic improvements and isolating its effects from other causes; (5) no study attempted to address the issues of whether one region's economic growth came at the expense of another's or whether federal funds replaced state and local spending; and (6) each of the 3 agencies calculated its 3-to-1 performance ratio by dividing total investment dollars by the investment dollars it provided, but the agencies' definitions of total investment dollars differ and calculations are made to only a portion of their programs.
Author: Tennessee Valley Authority. Government Relations and Economics Staff
Publisher:
ISBN:
Category :
Languages : en
Pages : 64
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Author: Patrick M. Kline
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 49
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Book Description
We study the long run effects of one of the most ambitious regional development programs in U.S. history: the Tennessee Valley Authority (TVA). Using as controls authorities that were proposed but never approved by Congress, we find that the TVA led to large gains in agricultural employment that were eventually reversed when the program's subsidies ended. Gains in manufacturing employment, by contrast, continued to intensify well after federal transfers had lapsed -- a pattern consistent with the presence of agglomeration economies in manufacturing. Because manufacturing paid higher wages than agriculture, this shift raised aggregate income in the TVA region for an extended period of time. Economists have long cautioned that the local gains created by place based policies may be offset by losses elsewhere. We develop a structured approach to assessing the TVA's aggregate consequences that is applicable to other place based policies. In our model, the TVA affects the national economy both directly through infrastructure improvements and indirectly through agglomeration economies. The model's estimates suggest that the TVA's direct investments yielded a significant increase in national manufacturing productivity, with benefits exceeding the program's costs. However, the program's indirect effects appear to have been limited: agglomeration gains in the TVA region were offset by losses in the rest of the country. Spillovers in manufacturing appear to be the rare example of a localized market failure that cancels out in the aggregate.
Author: York Wayland Williams
Publisher:
ISBN:
Category :
Languages : en
Pages : 232
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Author: George K. Leonard
Publisher:
ISBN:
Category :
Languages : en
Pages : 54
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Author: Tennessee Valley Authority
Publisher:
ISBN:
Category :
Languages : en
Pages : 19
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Author: Tennessee Valley Authority
Publisher:
ISBN:
Category :
Languages : en
Pages : 24
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Book Description
Author: Edward L. Glaeser
Publisher: University of Chicago Press
ISBN: 0226297926
Category : Business & Economics
Languages : en
Pages : 376
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Book Description
When firms and people are located near each other in cities and in industrial clusters, they benefit in various ways, including by reducing the costs of exchanging goods and ideas. One might assume that these benefits would become less important as transportation and communication costs fall. Paradoxically, however, cities have become increasingly important, and even within cities industrial clusters remain vital. Agglomeration Economics brings together a group of essays that examine the reasons why economic activity continues to cluster together despite the falling costs of moving goods and transmitting information. The studies cover a wide range of topics and approach the economics of agglomeration from different angles. Together they advance our understanding of agglomeration and its implications for a globalized world.
