We evaluate the effects of the partial delegation of the right to select of subsidy recipients from national to regional policymakers in Italy on a sample of more than 10,000 projects. We do so by comparing actual eligibility rankings with those simulated without considering the impact of newly introduced regional criteria. Our main results show that regional policymakers attach higher value to job creation by paying significantly more, in terms of disbursed subsidy, for any additional worker employed by financed projects. "Regional winners" are also smaller and younger, with their projects lasting longer and creating relatively more jobs than "national winners". We also show that the relatively higher emphasis of regional policymakers on the creation of new plants contributes to the determination of part but not all these effects

Londoño Bedoya, D.a., & Becchetti, L. (2006). The Selection of investment subsidy beneficiaries: an estimate of the differences between national and regional policymakers priorities.

The Selection of investment subsidy beneficiaries: an estimate of the differences between national and regional policymakers priorities

BECCHETTI, LEONARDO
2006-10

Abstract

We evaluate the effects of the partial delegation of the right to select of subsidy recipients from national to regional policymakers in Italy on a sample of more than 10,000 projects. We do so by comparing actual eligibility rankings with those simulated without considering the impact of newly introduced regional criteria. Our main results show that regional policymakers attach higher value to job creation by paying significantly more, in terms of disbursed subsidy, for any additional worker employed by financed projects. "Regional winners" are also smaller and younger, with their projects lasting longer and creating relatively more jobs than "national winners". We also show that the relatively higher emphasis of regional policymakers on the creation of new plants contributes to the determination of part but not all these effects
en
Londoño Bedoya, D.a., & Becchetti, L. (2006). The Selection of investment subsidy beneficiaries: an estimate of the differences between national and regional policymakers priorities.
Londoño Bedoya, Da; Becchetti, L
Altro
File in questo prodotto:
File Dimensione Formato  
244.pdf

accesso aperto

Dimensione 257.45 kB
Formato Adobe PDF
257.45 kB Adobe PDF Visualizza/Apri

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/2108/294
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact