A new phoenix? Large plants regeneration policies in Italy. (13th April 2020)

• Record Type: Journal Article
• Authors: Accetturo, Antonio; Albanese, Giuseppe; D'Ignazio, Alessio
• Is Part Of: Journal of regional science. Volume 60:Number 5(2020)
• Page Start: 878
• Page End: 902
• Publication Date: 2020-04-13
• Subjects: local development -- place‐based policies -- program evaluation; Economics -- Research -- Periodicals; Regional planning -- Periodicals; 330.072
• DOI: 10.1111/jors.12487
• Languages: English
• ISSNs: 0022-4146

Abstract

Abstract: The fall of employment in manufacturing that the world's most advanced economies have been experiencing in the past 40 years has triggered a number of policies, undertaken in several countries. In this paper, we evaluate the effectiveness of a place‐based policy, carried out in Italy, aimed at both generating private investments and increasing employment in areas affected by deep industrial decline. By means of an instrumental variable identification strategy, we show that the program has been largely unsuccessful.