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The persistent effects of place-based policy: Evidence from the West-German Zonenrandgebiet

Maximilian von Ehrlich ()

Diskussionsschriften from Universitaet Bern, Departement Volkswirtschaft - CRED

Abstract: We show that temporary place-based subsidies generate persistent effects on economic density. As our design allows us to control for agglomeration economies, we attribute an important role to policy-induced locational advantage (e.g. capital structures) in explaining persistent spatial patterns of economic activity. With regard to distributional implications, we show that subsidies have capitalized in land rents, so pre-treatment land owners have benefitted predominantly from the program.

Keywords: Place-based policy; Economic geography; Persistence; Locational advantage; Land value capitalization (search for similar items in EconPapers)
JEL-codes: R12 R38 H25 H54 O18 (search for similar items in EconPapers)
Date: 2016-04
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Related works:
Journal Article: The Persistent Effects of Place-Based Policy: Evidence from the West-German Zonenrandgebiet (2018) Downloads
Working Paper: The Persistent Effects of Place-Based Policy: Evidence from the West-German Zonenrandgebiet (2015) Downloads
Working Paper: The persistent effects of place-based policy: Evidence from the West-German Zonenrandgebiet (2015) Downloads
Working Paper: The persistent effects of placed-based policy - Evidence from the West-German Zonenrandgebiet (2015) Downloads
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