Local development that money can�t buy: Italy�s Contratti di Programma

Monica Andini and Guido de Blasio

No 915, Temi di discussione (Economic working papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: The paper evaluates the effectiveness of a major Italian place-based policy (Contratti di Programma), by means of which the state approves and finances industrial projects proposed by private firms. Using the areas to be exposed to the same policy at a later date as counterfactuals, the study finds little evidence of it having had a positive effect. It estimates a limited impact on plant and employment growth rates, which is confined to a small area (a single municipality) and crowds out the economic growth of the surrounding areas.

Keywords: regional economic activity; location-based policies; program evaluation (search for similar items in EconPapers)
JEL-codes: C14 R11 R58 (search for similar items in EconPapers)
Date: 2013-06
New Economics Papers: this item is included in nep-ppm and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:bdi:wptemi:td_915_13

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