Industrial policy evaluation in the presence of spillovers

The shortage of studies on spatial spillovers of capital subsidy policies is rather surprising, considering that such policies are usually designed to generate spatial externalities. We propose a new framework that allows positive agglomeration effects to be contrasted with the negative cross-sectional substitution and the crowding-out effect. The global evaluation of the ATT and the spillover parameters shifts the spotlight from the policy effect on subsidised firms to the global effect of capital subsidy policies on the targeted territory. The empirical evaluation of a policy in Italy mainly directed towards small- and medium-sized firms shows that the impact on investments, turnover and employment is positive and large, but is negative on TFP. However, the employment growth is partially determined to the detriment of the untreated firms

The Seduction of Thanatos : Gabriele D’Annunzio and the Decadent Death

Peer reviewe

Structural change of employment dynamics by professions and regions in Italy

The Italian labour market has registered in the last decades a substantial growth in the qualification of human capital, mainly as a consequence of both active job policies and sectorial structural changes. The composition of professional figures has changed across sectors, in favour of the more qualified ones. The object of this paper is to analyse the structure by professions of employment in Italy in the period 1993-2003. The focus is on the adjustment of the composition of professional employment after cyclical shocks and structural changes. The analysis singles out professions with higher growth rates in employment, conditioned to sectorial effects, idiosyncratic trend and cyclical fluctuations. A particular attention is dedicated to the presence of polarization in employment dynamics between high skill and low skill professions

Identification of the spatial effects of industrial subsidies

CREI Working Papers,rete RePEc (ISSN 1971-6907

Complementarietà e sostituzione tra diverse politiche di sviluppo locale: i contratti di programma e la legge 488/92

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