@article{Landers:132311,
      recid = {132311},
      author = {Landers, Jim},
      title = {Why Don't Enterprise Zones Work? Estimates of the Extent  that EZ Benefits are Capitalized into Property Values},
      journal = {Journal of Regional Analysis and Policy},
      address = {2006},
      number = {1100-2016-89759},
      pages = {16},
      year = {2006},
      abstract = {The study examines the impact of local Enterprise Zones  (EZs) on commercial and industrial
property values.  Currently, 43 states have established EZ programs to target  development
incentives to economically distressed areas.  While there is a substantial body of literature
analyzing  the effectiveness of EZ programs, the research has yielded  varied findings. The
varied results of EZ programs could  potentially arise as EZ property values are bid up by  businesses
seeking to expand or locate operations in the  EZs. This would reduce amounts that
these businesses would  otherwise spend on capital assets or labor. A hedonic price  model is
estimated to determine the effect of EZ status and  nearby EZ activity on property values. The
empirical  results imply that EZ status may, in some instances, have a  positive impact on EZ
property values. However, the  empirical results also suggest that these potential price  effects
may diminish as EZs are designated in other nearby  locations.},
      url = {http://ageconsearch.umn.edu/record/132311},
      doi = {https://doi.org/10.22004/ag.econ.132311},
}