AN EXPLORATORY CASE STUDY: ANALYZING PLANNING APPROACHES IN ECONOMIC DEVELOPMENT THROUGH THE INSTITUTIONAL ANALYSIS AND DEVELOPMENT FRAMEWORK
Abstract
This exploratory case study examines planning and economic development through the Institutional Analysis and Development (IAD) framework in the New Institutional Economic Theory. Two selected case studies highlight economic development orchestrated under two planning approaches, Transactive Planning and Market Oriented Planning. A case study of the Bishop Arts District urban revitalization in Dallas, Texas and the Bexar Street Retail Development Project in Dallas, Texas provides an exploratory analysis of the specified planning methods. This study moves away from previous forms of analysis of economic development planning, highlighting the New Institutional Economic theory through the Institutional Analysis and Development framework as a comprehensive manner of planning identification and economic development analysis.