Development economists have considered physical infrastructure to be a precondition for industrialization and economic development. Infrastructure investments play a particularly important role in expanding overall employment opportunities either directly by absorbing workers or indirectly by crowding in private investments, technology adoption,…

Panama has achieved socio-economic improvements in recent decades thanks to strong economic growth and consequent poverty reduction. Its growth model is characterised by a dual economy in which a small number of activities, including those related to the Canal and Special Economic Zones, have exhibited high productivity growth but limited job…

The recession that began in December of 2007 is already 30 months old, but the U.S. economy will not recover its pre-recession employment levels for at least another two years. From there, it will take an additional three years to make up for lost growth and create a job market strong enough to employ both the casualties of the recession and the…

This paper examines the effects of preschool expansion in Kalamazoo County on the county's economic development. Effects on the county's economic development are defined as effects on the employment and earnings of county residents. The estimated effects are found to be large relative to the costs. In addition to their relevance to Kalamazoo…

In this article, the relationship between community economic development and transfer payments is considered. It is argued that fundamental restructuring of society is changing the context for community economic development. Possible local strategies to capture cash transfers are discussed, including successful examples of development based on…