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Evaluation of Spatial Effects of Capital Subsidies in the South of Italy

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Author Info

  • Marusca de Castris
  • Guido Pellegrini

Abstract

D e C astris M. and P ellegrini G. Evaluation of spatial effects of capital subsidies in the South of Italy, Regional Studies . The spatial effects of capital subsidies are neglected in the literature even if several industrial policies have a strong spatial dimension. This study disentangles the spillovers generated by subsidized firms from the spatial attraction across neighbour's areas that cannot be attributed to incentive. The presence of specific spatial effects is tested on the reduced form of a spatial autoregressive model evaluating the implicit common factor restriction. The empirical analysis considers the main regional policies in the period 1996--2001 in the South of Italy. The results suggest the presence of a modest spatial crowding out, where subsidized regions attract employment from neighbouring areas. D e C astris M. et P ellegrini G. Une évaluation des effets géographiques des subventions d'équipement dans le sud de l'Italie, Regional Studies . La documentation ne fait aucune attention aux effets géographiques des subventions d'équipement, même si les politiques industrielles ont une importante dimension géographique. Cette étude éclaircit les retombées engendrées par des entreprises subventionnées à cause de leurs attraits géographiques à travers les zones voisines et qui ne s'expliquent pas par les incitations. On fait l'analyse pour vérifier la présence des effets géographiques spécifiques employant le modèle autorégressif géographique réduit qui évalue les limites implicites des facteurs communs. L'analyse empirique considère les principales politiques régionales menées entre 1996 et 2001 dans le sud de l'Italie. Les résultats laissent supposer la présence d'un évincement géographique modeste où les régions primées attirent l'emploi en provenance des régions voisines. Retombées géographiques Subventions de l'Etat Evaluation de la politique régionale D e C astris M. und P ellegrini G. Bewertung der räumlichen Auswirkungen von Kapitalsubventionen in Süditalien, Regional Studies . Die räumlichen Auswirkungen von Kapitalsubventionen werden in der Literatur vernachlässigt, obwohl mehrere Industriepolitiken eine ausgeprägte räumliche Dimension aufweisen. In dieser Studie unterscheiden wir zwischen den von subventionierten Firmen erzeugten Übertragungseffekten und der räumlichen Anziehungskraft in angrenzenden Gebieten, welche sich nicht auf den Anreiz zurückführen lässt. Das Vorhandensein spezifischer räumlicher Auswirkungen wird auf der reduzierten Form eines räumlichen autoregressiven Modells zur Bewertung der impliziten Restriktion gemeinsamer Faktoren überprüft. In der empirischen Analyse werden die wichtigsten Regionalpolitiken Süditaliens im Zeitraum von 1996 bis 2001 untersucht. Aus den Ergebnissen geht die Präsenz eines gemäßigten räumlichen Verdrängungseffekts hervor, durch den die subventionierten Regionen Arbeitskräfte aus angrenzenden Gebieten anziehen. Räumliche Übertragungen Staatliche Subventionen Bewertung der Regionalpolitik D e C astris M. y P ellegrini G. Evaluación de los efectos espaciales de las subvenciones de capital en el sur de Italia, Regional Studies . Los efectos espaciales de las subvenciones de capital son ignoradas en la literatura aunque varias políticas industriales presentan una fuerte dimensión espacial. En este estudio desentrañamos los desbordamientos generados por empresas subvencionadas de la atracción espacial en áreas vecinas que no puede atribuirse a incentivos. Comprobamos la presencia de efectos espaciales específicos mediante la forma reducida de un modelo espacial autorregresivo evaluando la restricción implícita del factor común. En el análisis empírico se analizan las principales políticas regionales en el periodo 1996--2001 del sur de Italia. Los resultados indican la presencia de un modesto efecto de exclusión espacial en el que las regiones subvencionadas atraen empleo de áreas vecinas. Desbordamientos espaciales Subvenciones públicas Evaluación de la política regional

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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Regional Studies.

Volume (Year): 46 (2012)
Issue (Month): 4 (June)
Pages: 525-538

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Handle: RePEc:taf:regstd:v:46:y:2012:i:4:p:525-538

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Cited by:
  1. Guido Pellegrini & Augusto Cerqua, 2011. "Are the subsidies to private capital useful? A Multiple Regression Discontinuity Design Approach1," ERSA conference papers ersa11p1323, European Regional Science Association.
  2. Cerqua, Augusto & Pellegrini, Guido, 2014. "Do subsidies to private capital boost firms' growth? A multiple regression discontinuity design approach," Journal of Public Economics, Elsevier, vol. 109(C), pages 114-126.
  3. Augusto Cerqua & Guido Pellegrini, 2011. "Are the subsidies to private capital useful? A Multiple Regression Discontinuity Design Approach," Working Papers 12, Doctoral School of Economics, Sapienza University of Rome, revised 2011.
  4. Arpino, Bruno & Mattei, Alessandra, 2013. "Assessing the Impact of Financial Aids to Firms: Causal Inference in the presence of Interference," MPRA Paper 51795, University Library of Munich, Germany.
  5. Augusto Cerqua & Guido Pellegrini, 2013. "Beyond the SUTVA: how industrial policy evaluations change when we allow for interaction among firms," ERSA conference papers ersa13p340, European Regional Science Association.
  6. Björn Alecke & Timo Mitze & Gerhard Untiedt, 2013. "Growth effects of regional policy in Germany: results from a spatially augmented multiplicative interaction model," The Annals of Regional Science, Springer, vol. 50(2), pages 535-554, April.
  7. Augusto Cerqua & Guido Pellegrini, 2014. "Beyond the SUTVA: how policy evaluations change when we allow for interactions among firms," Working Papers 2/14, Sapienza University of Rome, DISS.

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