Economic impact studies: The missing ingredient is economics

Roy Cordato  |  March 13, 2019

The formula is simple, predictable, and effective. A special interest group that stands to benefit from the project funds an economic impact study that purports to provide hard numbers on the number of jobs, the increase in wages, and the additional output that will be generated by the project or subsidy … Starting with the original $20 million, the question is simple: What economic activities would have occurred if that money remained in the hands of the taxpayer?

Read the full article on: John Locke Foundation

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