Showing 1 - 10 of 21,092
This paper evaluates the impact of public employment on private sector activity using the relocation of the German federal government from Berlin to Bonn in the wake of the Second World War as a source of exogenous variation. To guide our empirical analysis, we develop a simple economic...
Persistent link: https://www.econbiz.de/10011782110
subsidy. Younger firms did better than older firms. Firms ranking high on objective criteria and firms preferred by local …
Persistent link: https://www.econbiz.de/10012813896
We estimate the employment effects of a large program of public investment subsidies that ranked applications on a score reflecting both objective criteria and local politicians' preferences. Leveraging the rationing of funds as an ideal RDD, we characterize the heterogeneity of treatment...
Persistent link: https://www.econbiz.de/10013170844
The paper analyses the causal effect of capital subsidies on firms' efficiency and productivity by exploiting the conditions for a local random experiment created by Law 488/92 (henceforth L488), which has been an important policy instrument for reducing territorial disparities in Italy. The...
Persistent link: https://www.econbiz.de/10011481750
There is still little consensus on the effectiveness of business support policies. The empirical evaluation is complicated by the difficulty in achieving reliable identification. We analyse the impact of Law 488/92, the main Italian regional policy. We propose a new approach, named multiple...
Persistent link: https://www.econbiz.de/10011535246
Persistent link: https://www.econbiz.de/10010433432
Persistent link: https://www.econbiz.de/10012146165
Persistent link: https://www.econbiz.de/10012145806
welfare argument. Moreover, different tax systems are compared with respect to the size of the subsidy needed for achieving a … adverse effects of subsidies can at least be alleviated. A proportional subsidy to capital increases the overall capital stock …, enabling to draw utility from a wider variety of goods. However, the regional effects are different: compared to the no-subsidy …
Persistent link: https://www.econbiz.de/10011572982
Persistent link: https://www.econbiz.de/10014525198