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Rethinking Investment Incentives
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Rethinking Investment Incentives: Trends and Policy Options

Ana Teresa Tavares-Lehmann, Perrine Toledano, Lise Johnson, and Lisa Sachs

Abstract

Governments often use direct subsidies or tax credits to encourage investment and promote economic growth and other development objectives. Properly designed and implemented, these incentives can advance a wide range of policy objectives (increasing employment, promoting sustainability, and reducing inequality). Yet since design and implementation are complicated, incentives have been associated with rent-seeking and wasteful public spending. This collection illustrates the different types and uses of these initiatives worldwide and examines the institutional steps that extend their value. By ... More

Keywords: Sustainable development, transparency, effectiveness, efficiency, cost- benefit analysis, public interest objectives, investment incentives, investment legal framework, public spending, good governance, taxation

Bibliographic Information

Print publication date: 2016 Print ISBN-13: 9780231172981
Published to Columbia Scholarship Online: January 2017 DOI:10.7312/columbia/9780231172981.001.0001

Authors

Affiliations are at time of print publication.

Ana Teresa Tavares-Lehmann, editor
Columbia University

Perrine Toledano, editor

Lise Johnson, editor

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Contents

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Front Matter

Chapter 1 Introduction

Ana Teresa Tavares-Lehmann, Lisa Sachs, Lise Johnson, and Perrine Toledano

Part I Investment Incentives: An Introduction

Chapter 2 Types of Investment Incentives

Ana Teresa Tavares-Lehmann

Part II A Global Overview of Investment Incentives

Chapter 4 The Use of Investment Incentives

Christian Bellak and Markus Leibrecht

Chapter 6 Incentives in the United States

Charles Krakoff and Chris Steele

Part III Designing Incentives Programs to Get Value for Money and Achieve Intended Goals

Part IV Reducing Incentives Competition: Regulatory Efforts to Limit “Races to the Bottom”

Chapter 13 Conclusions

Lise Johnson, Perrine Toledano, Lisa Sachs, and Ana Teresa Tavares-Lehmann