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The employment impact of business investment incentives in declining areas: an evaluation of the EU “Objective 2 Area” programs

Author

Listed:
  • Daniele Bondonio
  • Robert T. Greenbaum

Abstract

Beginning in 1989, the European Union started targeting its Structural Funds business incentives geographically to industrial areas that have been facing above average unemployment and industrial job loss. Although billions of euros have been invested in these Objective 2 areas, very little is known about the effectiveness of these public expenditures. This paper develops an estimation strategy utilizing parametric difference in difference specifications to estimate the impact of business incentives offered in the Objective 2 areas of central and northern Italy between 1995 and 1998. The paper finds the incentives to be most effective in the areas that faced the least pre-intervention employment loss.

Suggested Citation

  • Daniele Bondonio & Robert T. Greenbaum, 2004. "The employment impact of business investment incentives in declining areas: an evaluation of the EU “Objective 2 Area” programs," ICER Working Papers 22-2004, ICER - International Centre for Economic Research.
    • Handle: RePEc:icr:wpicer:22-2004
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    File URL: http://www.bemservizi.unito.it/repec/icr/wp2004/Bondonio-Greenbaum22-04.pdf
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    Citations

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    Cited by:

    1. Adrien Lorenceau, 2009. "L'impact d'exonérations fiscales sur la création d'établissements et l'emploi en France rurale : une approche par discontinuité de la régression," Working Papers halshs-00575100, HAL.
    2. 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.

    More about this item

    Keywords

    Urban and regional economic development; impact evaluation; employment policy; Structural Funds;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R5 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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