A new phoenix? Large plants regeneration policies in Italy

Antonio Accetturo, Giuseppe Albanese and Alessio D'Ignazio

Journal of Regional Science, 2020, vol. 60, issue 5, 878-902

Abstract: The fall of employment in manufacturing that the world's most advanced economies have been experiencing in the past 40 years has triggered a number of policies, undertaken in several countries. In this paper, we evaluate the effectiveness of a place‐based policy, carried out in Italy, aimed at both generating private investments and increasing employment in areas affected by deep industrial decline. By means of an instrumental variable identification strategy, we show that the program has been largely unsuccessful.

Date: 2020
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