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Place-based Policy and Local TFP

Giuseppe Albanese (), Guido de Blasio () and Andrea Locatelli ()
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Andrea Locatelli: Bank of Italy

No 1253, Temi di discussione (Economic working papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: Total Factor Productivity (TFP) explains most of the differences in income levels between territories. A major policy issue is whether place-based policies are capable of promoting TFP growth in backward areas. We provide some evidence of the effect of the European Regional Development Fund (ERDF) on local TFP growth in Southern Italy. Although TFP growth is on average rather unresponsive to EU programs, we provide some evidence of a positive effect for ERDF infrastructure investments and for areas with higher institutional quality and population density.

Keywords: ERDF programs; TFP; manufacturing firms (search for similar items in EconPapers)
JEL-codes: D24 O47 R58 (search for similar items in EconPapers)
Date: 2019-12
New Economics Papers: this item is included in nep-eff, nep-eur, nep-geo and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:bdi:wptemi:td_1253_19

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