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A new phoenix? Large plants regeneration policies in Italy

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  • Antonio Accetturo
  • Giuseppe Albanese
  • Alessio D'Ignazio

Abstract

The fall of employment in manufacturing that the world's most advanced economies have been experiencing in the past 40 years has triggered a number of policies, undertaken in several countries. In this paper, we evaluate the effectiveness of a place‐based policy, carried out in Italy, aimed at both generating private investments and increasing employment in areas affected by deep industrial decline. By means of an instrumental variable identification strategy, we show that the program has been largely unsuccessful.

Suggested Citation

  • Antonio Accetturo & Giuseppe Albanese & Alessio D'Ignazio, 2020. "A new phoenix? Large plants regeneration policies in Italy," Journal of Regional Science, Wiley Blackwell, vol. 60(5), pages 878-902, November.
    • Handle: RePEc:bla:jregsc:v:60:y:2020:i:5:p:878-902
    DOI: 10.1111/jors.12487
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    1. Giuseppe Albanese & Guglielmo Barone & Guido DeBlasio, 2021. "The impact of place-based policies on income distribution," Discussion Paper series in Regional Science & Economic Geography 2021-04, Gran Sasso Science Institute, Social Sciences, revised Mar 2021.
    2. Cerqua, Augusto & Pellegrini, Guido, 2022. "Decomposing the employment effects of investment subsidies," Journal of Urban Economics, Elsevier, vol. 128(C).
    3. Giuseppe Albanese & Guglielmo Barone & Guido de Blasio, 2023. "The impact of place‐based policies on interpersonal income inequality," Economica, London School of Economics and Political Science, vol. 90(358), pages 508-530, April.

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