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Important Factors in Interregional Search Plant Location

Employment and Firm Growth in Massachusetts: Does Local Tax Policy Effect Economic Activity? William F. O’Brien, Jr. Wei Pang Lee Worcester State College Worcester, MA, USA. Important Factors in Interregional Search Plant Location.

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Important Factors in Interregional Search Plant Location

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  1. Employment and Firm Growthin Massachusetts:Does Local Tax PolicyEffect Economic Activity?William F. O’Brien, Jr.Wei Pang LeeWorcester State CollegeWorcester, MA, USA

  2. Important Factors in Interregional Search Plant Location

  3. Important Factors in Intraregional Search (Local) Plant Location

  4. Massachusetts Economic Indicators, part 1

  5. Massachusetts Economic Indicators, part 2

  6. Two Econometric Models • (1) Eit = f(Lit, Tit, Awit, Vit, Wit, Edit, Hit, Pdit), • (2) Fit = g(Lit, Tit, Awit, Vit, Wit, Edit, Hit, Pdit), • Eit refers to the number of people employed in the ith city in the tth year, • Fit refers to the number of commercial establishments in the ith city in the tth year, • Lit refers to the labor force in the ith city in the tth year, • Tit refers to the commercial property tax rate in the ith city in the tth year, • AWit refers to the average annual wage in the ith city in the tth year, in thousands, • Vit refers to the assessed value of commercial property in the ith city in the tth year, in millions • Wit refers to the number of welfare cases in the ith city in the tth year, • Edit refers to the education expenditure in the ith city in the tth year, in millions, • Hit refers to the highway expenditure in the ith city in the tth year, in millions, • Pdit refers to the population density in the ith city in the tth year.

  7. Estimation Results Using Employment as the Dependent Variable

  8. Estimation Results Using Establishments as the Dependent Variable

  9. Descriptive Statistics

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