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Reconciling Practice with Theory in the Micro-Evaluation of Regional Policy

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  • Colin Wren

Abstract

This paper seeks to reconcile evaluative practice with theory, focusing on the micro-evaluation of UK regional industrial policy. Two issues are examined: the measurement of the pecuniary external effects, including displacement and linkages; and the concept of 'additionality', which is central to the industrial survey approach. It argues that current evaluative practice is at odds with theory, but while cost-benefit analysis simplifies the measurement of the external effects, it has other features that may limit its appeal. On 'additionality', the paper traces its evolution, and shows that it is a multi-dimensional concept. It argues that in practice the use of 'additionality' is deficient as it ignores the firm's private funds and all forms of deadweight transfer.

Suggested Citation

  • Colin Wren, 2007. "Reconciling Practice with Theory in the Micro-Evaluation of Regional Policy," International Review of Applied Economics, Taylor & Francis Journals, vol. 21(3), pages 321-337.
  • Handle: RePEc:taf:irapec:v:21:y:2007:i:3:p:321-337
    DOI: 10.1080/02692170701390312
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    References listed on IDEAS

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    1. Sugden, Robert & Williams, Alan, 1978. "The Principles of Practical Cost-Benefit Analysis," OUP Catalogue, Oxford University Press, number 9780198770411.
    2. Honohan, Patrick, 1998. "Key issues of Cost-Benefit Methodology for Irish Industrial Policy," Research Series, Economic and Social Research Institute (ESRI), number GRS172.
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    Cited by:

    1. Kim Swales, 2008. "The Relative Efficiency of Automatic and Discretionary Industrial Aid," Working Papers 0812, University of Strathclyde Business School, Department of Economics.
    2. Lenihan, Helena, 2011. "Enterprise policy evaluation: Is there a 'new' way of doing it?," Evaluation and Program Planning, Elsevier, vol. 34(4), pages 323-332, November.

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