The Economic Impacts of LULUs
نویسنده
چکیده
This paper examines some of the issues and controversies that arise when facilities with perceived noxious environmental, social, and economic effects (LULUs) locate in communities. It develops a taxonomy of LULU types and describes some potential economic and social effects of five specific kinds of LULUs, including: (1) interstate highways, (2) large dams, (3) medium and maximum security prisons, (4) commercial nuclear power plants, and (5) gambling casinos. The paper uses quasi-experimental control group methods to assess the economic impacts of these facilities on U.S. counties during the period 1972-94. The paper shows that few actual negative effects can be attributed to LULUs. However, only interstate highways measurably stimulate aggregate employment.
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