Local Development that Money Can't Buy: Italy's Contratti Di Programma

42 Pages Posted: 21 Jun 2013

Date Written: June 20, 2013

Abstract

The paper evaluates the effectiveness of a major Italian place-based policy (Contratti di Programma), by means of which the state approves and finances industrial projects proposed by private firms. Using the areas to be exposed to the same policy at a later date as counterfactuals, the study finds little evidence of it having had a positive effect. It estimates a limited impact on plant and employment growth rates, which is confined to a small area (a single municipality) and crowds out the economic growth of the surrounding areas.

Keywords: regional economic activity, location-based policies, program evaluation

JEL Classification: R11, R58, C14

Suggested Citation

Andini, Monica and de Blasio, Guido, Local Development that Money Can't Buy: Italy's Contratti Di Programma (June 20, 2013). Bank of Italy Temi di Discussione (Working Paper) No. 915, Available at SSRN: https://ssrn.com/abstract=2281917 or http://dx.doi.org/10.2139/ssrn.2281917

Monica Andini

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Guido De Blasio (Contact Author)

Bank of Italy ( email )

Via Nazionale 91
00184 Roma
Italy

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
38
Abstract Views
390
PlumX Metrics