New Thinking in Political Economy series
Edited by Robert F. Salvino Jr., Michael T. Tasto and Gregory M. Randolph
Chapter 7: Does the power to use eminent domain for economic development actually enhance economic development?
The use of eminent domain for economic development has undergone intense scrutiny after the latest housing crisis and recession. Using a broad interpretation of the takings clause of the Fifth Amendment, local and state governments have increasingly justified the use of eminent domain in their efforts to provide jobs. Past studies have examined this use of eminent domain from the perspective of property rights and the scope and size of government. This chapter attempts to answer perhaps a more fundamental question. Do states that have liberal eminent domain actually enjoy greater economic growth? The empirical results do not support the employment growth motivation for eminent domain.
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