Local multipliers at work
Local development that money cannot buy: Italyâ€™s Contratti di Programma
Augusto Cerqua () and
Industrial and Corporate Change, 2020, vol. 29, issue 4, 959-977
We propose a novel evaluation strategy to estimate local multipliers in Italy during 1996â€“2006. We find the presence of positive multipliers: 0.26â€“0.33 for the tradable sector (manufacturing) and 0.88â€“1.13 for the non-tradable sector (construction and services). They are lower than what was previously found for the United States but much higher than those identified for European and Asian countries. The reasons for this finding lie in the higher accuracy of the data, in the relevance of the instrument used, and in the widespread underutilization of production factors.
JEL-codes: F16 H25 J23 R23 (search for similar items in EconPapers)
References: Add references at CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
Working Paper: Local multipliers at work (2018)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:oup:indcch:v:29:y:2020:i:4:p:959-977.
Ordering information: This journal article can be ordered from
Access Statistics for this article
Industrial and Corporate Change is currently edited by Josef Chytry
More articles in Industrial and Corporate Change from Oxford University Press Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().