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Please use this identifier to cite or link to this item: http://hdl.handle.net/2108/294

Title: The Selection of investment subsidy beneficiaries: an estimate of the differences between national and regional policymakers priorities
Authors: Becchetti, Leonardo
Londoño Bedoya, David Andrés
Issue Date: Oct-2006
Publisher: CEIS
Series/Report no.: Quaderni CEIS; 244
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
URI: http://hdl.handle.net/2108/294
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