Local multipliers at work
| Autor: | Augusto Cerqua, Guido Pellegrini |
|---|---|
| Rok vydání: | 2020 |
| Předmět: |
Economics and Econometrics
education.field_of_study local labor market 05 social sciences Instrumental variable Population Market system Factors of production Subsidy Local multiplier place-based policy local labor market Shock (economics) Work (electrical) Capital (economics) 0502 economics and business Economics Econometrics 050207 economics education Local multiplier place-based policy 050203 business & management |
| Zdroj: | Industrial and Corporate Change. 29:959-977 |
| ISSN: | 1464-3650 0960-6491 |
| Popis: | We propose a novel evaluation strategy to estimate local multipliers in Italy during 1996–2006. We find the presence of positive multipliers: 0.26–0.33 for the tradable sector (manufacturing) and 0.88–1.13 for the non-tradable sector (construction and services). They are lower than what was previously found for the United States but much higher than those identified for European and Asian countries. The reasons for this finding lie in the higher accuracy of the data, in the relevance of the instrument used, and in the widespread underutilization of production factors. |
| Databáze: | OpenAIRE |
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