Place-Based Policies and the location of economic activity:evidence from the Italian Strategy for Inner areas

Ginaluca Monturano, Giuliano Resce and Marco Ventura

No 224, Working Papers in Public Economics from Department of Economics and Law, Sapienza University of Roma

Abstract: This paper investigates the effects on the economic activities location of a specific governmental place-based policy, the Italian Strategy for Inner Areas (SNAI). Taking advantage of the most recent developments in the econometrics of policy evaluation, we apply a staggered difference-in-difference estimator to evaluate the impact of the public policy in terms of number of plants at municipal level. The analysis is made possible thanks to a detailed panel dataset containing information about Italian municipalities over the years 2014-2020. The results show that the policy has produced effects since its inception, generating a significant number of extra plants in the treated municipalities over the first two years. A further key issue is whether the policy has generated spillover effects on neighbours which may (in)validate the results obtained. To answer this question we propose an empirical strategy, joining the new estimator with spatial analysis, and we find no spillover effects

Keywords: Rural development; Policy evaluation; Place-based policy; Event study analysis; Spillover effects (search for similar items in EconPapers)
JEL-codes: C21 O12 O18 (search for similar items in EconPapers)
Pages: 25
Date: 2022-08
New Economics Papers: this item is included in nep-eur, nep-geo and nep-ure
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Working Paper: Place-Based Policies and the location of economic activity: evidence from the Italian Strategy for Inner areas (2022)
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