How much does state aid mitigate employment losses? Local policy effects at a time of economic crisis
Regional Studies
; : 15, 2021.
Article
in English
| Web of Science | ID: covidwho-1585617
ABSTRACT
We evaluate the effectiveness of the most extensive experiment of income redistribution, that is, the European Union regional policy, at a time of economic crisis. By exploiting geographical discontinuities in fund eligibility, we analyse comprehensive data on all publicly funded Italian projects at the municipality level. We find a positive impact of localized support to firms with a sizable increase in employment and the number of plants in intensively treated areas. The result is an important policy lesson concerning the effects of place-based policies at a time of a long-lasting recession, such as that engendered by the Covid-19 crisis.
European, Union, regional, policy; spatial, regression, discontinuity, design; recession; municipalities; european, structural, funds; regression, discontinuity, design; eu, regional; policy; impact; growth; convergence; support; people; Business, &, Economics; Environmental, Sciences, &, Ecology; Geography; Public, Administration
Full text:
Available
Collection:
Databases of international organizations
Database:
Web of Science
Type of study:
Experimental Studies
Language:
English
Journal:
Regional Studies
Year:
2021
Document Type:
Article
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