Abstract
Although controversial, local and state governments draw on broad interpretations of the Fifth Amendment takings clause to justify using eminent domain for economic development. Previous studies examine such uses from the perspective of property rights and the scope and size of government. This paper addresses the fundamental question: Do states that grant local governments liberal eminent domain powers actually enjoy greater economic growth? This paper estimates how liberal eminent domain laws affect private sector employment growth across states while controlling for national trend and industry mix effects. The results clearly show that allowing local governments to use eminent domain for economic development does not lead to more private sector jobs.
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Articles in the same Issue
- Articles
- Enforcement and Deterrence in Merger Control: The Case of Merger Remedies
- Distributive Justice, Public Policies and the Comparison of Legal Rules: Quantify the “Price of Equity”
- Using Eminent Domain for Economic Development: Does it Increase Private Sector Employment?
- Utility Misperception in a Vertically Differentiated Duopoly
- A Note on Licenses in the Presence of Corruption
- The Foundations of Judicial Diffusion in China: Evidence from an Experiment
Articles in the same Issue
- Articles
- Enforcement and Deterrence in Merger Control: The Case of Merger Remedies
- Distributive Justice, Public Policies and the Comparison of Legal Rules: Quantify the “Price of Equity”
- Using Eminent Domain for Economic Development: Does it Increase Private Sector Employment?
- Utility Misperception in a Vertically Differentiated Duopoly
- A Note on Licenses in the Presence of Corruption
- The Foundations of Judicial Diffusion in China: Evidence from an Experiment