Does START-UP NY Promote Firm Formation?

Authors

• Woosung Kim

Publication Date

2021

Abstract

This paper explores the impact of START-UP NY policy throughout simulations by using the agent-based model. In 2013, Governor Cuomo introduced the policy START-UP NY (New York), designed to create more jobs by helping people start or move their qualified businesses into tax-free zones. Measuring the impact of START-UP NY, however, is difficult because the data are not yet available for causal inference purposes. The agent-based model developed for this paper is designed to simulate the impact of START-UP NY on the local economy of Tompkins County by conducting the Cobb-Douglas function into the model using the data from the IMPLAN model. The simulation results show that ensuring a stable demand for firms’ output is more critical for firms to survive than the kind of tax exemptions offered by START-UP NY.

DOI

10.54028/NJ202120105

First Page

1

Last Page

26

Recommended Citation

Kim, Woosung (2021) "Does START-UP NY Promote Firm Formation?," NAKHARA (Journal of Environmental Design and Planning): Vol. 20: No. 1, Article 5.
DOI: 10.54028/NJ202120105
Available at: https://digital.car.chula.ac.th/nakhara/vol20/iss1/5