Revitalizing regional economies through enterprise support policies
An impact evaluation of multiple instruments
Bibliographic Data
| ID | 12317436 |
|---|---|
| Authors | Daniele Bondonio (0000-0001-5842-5624, Università del Piemonte Orientale, Italy, corresponding author), Robert T Greenbaum (0000-0002-5440-3687, The Ohio State University) |
| Year | 2012 |
| Volume | 21 |
| Issue | 1 |
| Pages | 79-103 |
| Publication date | 2012-04-05 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | European Urban and Regional Studies (JOURNAL) |
| Journal identifiers | ISSN: 0969-7764 • E-ISSN: 1461-7145 |
| Publisher | SAGE Publishing (PUBLISHER • US) |
| DOI | 10.1177/0969776411432986 |
| OpenAlex | W1988032386 |
| Language | EN |
| Citations received | 14 |
| References cited | 26 |
Although enterprise support policies continue to be favored by policymakers in the European Union (EU) as tools for regional revitalization, there is as yet insufficient empirical evidence examining the effects of the policies on socially relevant outcomes. This paper helps fill that gap by utilizing firm-level data to offer robust counterfactual impact evaluation evidence on the employment effects of the coexisting European Regional Development Fund (ERDF) co-sponsored, national and regional programs commonly operated in many EU regions. By using data from a large northern Italian region, the analysis yields employment impact estimates of the policies under plausible identification assumptions. The paper finds no significant difference between the employment impacts of ERDF co-funded and national/regional programs, whereas, regardless of the funding body, the absolute per-firm employment effects of the programs are increasingly larger the higher the economic value of the incentives. However, the most generous incentives come with a much higher cost per each additional new job. The analysis also shows that the absolute per-firm employment effects of soft loans are similar to those of capital grants, but, because soft loans cost much less, they are more effective from a policy perspective
Business · Counterfactual thinking · Economic impact analysis · Economic policy · Economics · European union · Incentive · Market economy · Public economics · Innovation Policy and RD · Regional Development and Policy · Regional Economics and Spatial Analysis
The extensive and intensive margins of employment resulting from Poland’s SEZ policy
Existe impacto de las Políticas Europeas de Innovación Regional en las empresas? Análisis del programa Feder-Innterconecta del Fondo Tecnológico 2007-2013 en Galicia
The efficiency of Structural Funds for business innovation across sectors and regions
How the EU Cohesion Policy targeted at R&D and innovation impacts the productivity, employment and exports of SMEs in Estonia
Tax Incentives and Job Creation in the Tourism Sector of Brazil’s Sudene Area
One or many Cohesion Policies of the European Union? On the differential economic impacts of Cohesion Policy across member states
How much does state aid mitigate employment losses? Local policy effects at a time of economic crisis
Cohesion Policy incentives for collaborative industrial research
The effectiveness of investment subsidies
Public SME grants and firm performance in European Union
European funds and firm performance
Impact evaluation of business development grants on SME performance
The role of economic sectors in absorbing EU regional funding on business innovation. The Andalusia case study
Decomposing the employment effects of investment subsidies
Estimation of Average Treatment Effects Based on Propensity Scores
Matching As An Econometric Evaluation Estimator
The central role of the propensity score in observational studies for causal effects
Matching As An Econometric Evaluation Estimator
Classifying Regions for European Development Funding
Do Business Investment Incentives Promote Employment in Declining Areas? Evidence from EU Objective-2 Regions
Justice, efficiency and economic geography
Regional convergence and growth in Europe
The impact of state enterprise zones on urban manufacturing establishments
Evaluating the impact of investment incentives
Between Development and Social Policies
Losing Focus
The Economics of Charity
Matching as Nonparametric Preprocessing for Reducing Model Dependence in Parametric Causal Inference
An Evaluation of State Enterprise Zone Policies
| Citations per year | 1.4 |
|---|---|
| Citation span | 2016 - 2026 (11) |
| Highly cited | No |