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Local development that money cannot buy: Italy’s Contratti di Programma

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  • Monica Andini
  • Guido de Blasio

Abstract

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.

Suggested Citation

  • Monica Andini & Guido de Blasio, 2016. "Local development that money cannot buy: Italy’s Contratti di Programma," Journal of Economic Geography, Oxford University Press, vol. 16(2), pages 365-393.
  • Handle: RePEc:oup:jecgeo:v:16:y:2016:i:2:p:365-393.
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    File URL: http://hdl.handle.net/10.1093/jeg/lbu048
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    Cited by:

    1. Cerqua, Augusto & Pellegrini, Guido, 2018. "Local multipliers at work," MPRA Paper 85326, University Library of Munich, Germany.
    2. Emanuele Ciani & Francesco David & Guido de Blasio, 2017. "Local labour market heterogeneity in Italy: estimates and simulations using responses to labour demand shocks," Temi di discussione (Economic working papers) 1112, Bank of Italy, Economic Research and International Relations Area.
    3. repec:eee:regeco:v:75:y:2019:i:c:p:1-21 is not listed on IDEAS
    4. repec:spr:epolin:v:44:y:2017:i:4:d:10.1007_s40812-017-0078-5 is not listed on IDEAS
    5. Giuseppe Albanese & Emanuele Ciani & Guido de Blasio, 2019. "Anything new in town? The local effects of Urban Regeneration Policies in Italy," Temi di discussione (Economic working papers) 1214, Bank of Italy, Economic Research and International Relations Area.

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