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Regional policies and sectoral outputs in the Italian regions. A multi-input multi-output counterfactual approach

Gianluigi Coppola (), Sergio Destefanis, Giorgia Marinuzzi () and Walter Sala ()
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Giorgia Marinuzzi: IFEL
Walter Sala: IFEL

No 2021-08, Discussion Paper series in Regional Science & Economic Geography from Gran Sasso Science Institute, Social Sciences

Abstract: We assess the impact of various types of regional policies on the economies of the 20 Italian administrative regions for the 1994-2016 period. Differently from previous works, we assess the impact of various policy funds in four sectors (agriculture, industry, construction, services) through a multi-input multioutput transformation function, and we estimate the policies’ average partial effects through a control function approach incorporating the funds’ allocation rules. Our evidence implies that European Structural Funds had a significant impact on various sectoral components of regional GDP per capita, with the ERDF taking the strongest role. Furthermore, the effectiveness of European Structural Funds is weaker for services, and stronger for industry and (to a lesser extent) agriculture. Nationally funded regional policies do not have any aggregate impact but affect the sectoral composition of GDP.

Keywords: European Structural Funds; control function approach; sectoral development; multi-output multiinput transformation functions (search for similar items in EconPapers)
JEL-codes: C43 D24 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2021-05, Revised 2021-05
New Economics Papers: this item is included in nep-eff, nep-eur, nep-fdg, nep-geo, nep-isf and nep-tid
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