Abstract
A number of federal programs have impacts on state or regional economic development. The discussion in this paper is limited, however, to the two which have regional development as their specific objectives, namely, the Economic Development Administration (EDA), a part of the US Department of Commerce, and the Appalachian Regional Commission (ARC). Both EDA and ARC were designed to deal with regions which, for one reason or another, failed to share in the robust national growth of the 1960's. EDA has relied overwhelmingly on investment in social overhead capital rather than in directly productive activities. The ARC, on the other hand, developed highways to assure development corridors. After the highways were assurred, the ARC shifted its emphasis to investment in human capital - primarily in health and educational facilities. Looking to the future, it is not clear that policies designed to deal with depressed areas when the national growth rate was high will be applicable to depressed areas created in part by a sharp reduction in the national growth rate. 3 tables, 8 footnotes. (SAC)
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