Investment premiums : expensive but hardly effective
AbstractThis paper discusses the effects of the investment premiums arrangement, which is one of the main instruments of regional economic policy in most Western countries. On the basis of theoretical considerations and various Dutch case studies, it is concluded that a basic revision of this policy instrument might lead to a reduction of the costs and an improvement of the effects. The case study presented in this paper applies the LISREL framework which allows the handling of latent and observable variables simultaneously. In this way, effects of policy packages, which are defined as latent variables, can be analyzed. Copyright 1987 by WWZ and Helbing & Lichtenhahn Verlag AG
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Bibliographic InfoPaper provided by VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics in its series Serie Research Memoranda with number 0042.
Date of creation: 1986
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Web page: http://www.feweb.vu.nl
Other versions of this item:
- Folmer, Henk & Nijkamp, Peter, 1987. "Investment Premiums: Expensive but Hardly Effective," Kyklos, Wiley Blackwell, vol. 40(1), pages 43-72.
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- Hordijk, L., 1974. "Spatial correlation in the disturbances of a linear interregional model," Regional and Urban Economics, Elsevier, vol. 4(2), pages 117-140, October.
- L Hordijk & P Nijkamp, 1977. "Dynamic models of spatial autocorrelation," Environment and Planning A, Pion Ltd, London, vol. 9(5), pages 505-519, May.
- Lovell, Michael C, 1983. "Data Mining," The Review of Economics and Statistics, MIT Press, vol. 65(1), pages 1-12, February.
- H Folmer & G A van der Knaap, 1981. "A linear structural equation approach to cross-sectional models with lagged variables," Environment and Planning A, Pion Ltd, London, vol. 13(12), pages 1529-1537, December.
- Dijkstra, Theo, 1983. "Some comments on maximum likelihood and partial least squares methods," Journal of Econometrics, Elsevier, vol. 22(1-2), pages 67-90.
- Franz, Wolfgang & Schalk, Hans J., 1994. "Eine kritische Würdigung der Wirksamkeit der regionalen Investitionsförderung in der Bundesrepublik Deutschland," Discussion Papers 17, University of Konstanz, Center for International Labor Economics (CILE).
- Nijkamp, P., 1990. "Regional economic growth and regional policy : a European perspective," Serie Research Memoranda 0076, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
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