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Local development that money cannot buy: Italys Contratti di Programma (2016)

Andini, M., de Blasio, G.

Oxford University Press

In: Journal of Economic Geography

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Publication Date: 2016-03-19

Description: The study evaluates the effectiveness of a major Italian place-based policy ( Contratti di Programma ), by means of which the state approves and finances investment projects proposed by private firms. Using the areas to be exposed to the same policy at a later date as counterfactuals, the study finds little evidence of it having had a positive effect. It estimates a limited impact on plant and employment growth rates, which is confined to a small area (a single municipality) and likely crowds out the economic growth of the surrounding areas.

Keywords: C14 - Semiparametric and Nonparametric Methods, R11 - Regional Economic Activity: Growth, Development, and Changes, R58 - Regional Development Policy

Print ISSN: 1468-2702

Electronic ISSN: 1468-2710

Topics: Geography , Economics

Published by Oxford University Press

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