Economic Research Institute Study paper
Utah State University
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Everyone recognizes the existence of an important link between economic development in Utah and attraction of new industry, yet no one is in a position to specify its nature. This poses a problem for the way seems open for a wide range of opinion about net benefits from new industry. Of course some of this variation is due to differing weights individuals place upon non-economic considerations. Variation is also caused by the lack of data about many economic interrelationships. In terms of industrial development, t he problem really has two dimensions: not only is estimation of economic benefits subject to varying interpretation, there is also uncertainty about the choice of resources to be allocated to attraction efforts and schemes.
LeBaron, Allen D., "Economic Research and Attraction of New Industry" (1968). Economic Research Institute Study Papers. Paper 341.