The Direct Employment Effects of Financial Assistance to Industry

Colin Wren and Michael Waterson

Oxford Economic Papers, 1991, vol. 43, issue 1, 116-38

Abstract: This paper develops and utilizes a firm-based methodology for evaluating the direct employment effects of industrial financial assistance. This approach is applied to a micro data set containing details of assistance payments made to firms in northeastern of England under regional policy, by central and local government agencies and others. It is shown that the employment cost-effectiveness of assistance varies both between assistance schemes and with economic conditions. Some comparisons are drawn with previous studies. Copyright 1991 by Royal Economic Society.

Date: 1991
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