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State-of-the-Art Measures in Economic Development

For years local governments have invested resources into efforts to spur economic growth. And for years the officials heading most of these economic development initiatives tracked their efforts with little more than output measures–for instance, the number of industrial contacts made or assisted, the number of meetings held or presentations made, the number of information packets or brochures distributed, the number of trade shows attended, and similar measures of activities. They focused on showing that they were trying hard.

by David Ammons and Jonathan Morgan

Full Story: http://webapps.icma.org/pm/9305/public/cover.cfm?author=David%20Ammons%20and%20Jonathan%20Morgan&title=State-of-the-Art%20Measures%20in%20Economic%20Development&subtitle

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