Results 1 - 10 of 16

2011): “Can Tax Breaks Beat Geography? Lessons from the French Enterprise Zone Experience,” mimeo

by Anthony Briant, Miren Lafourcade, Benoît Schmutz
"... This paper shows that geography matters to the effectiveness of place-based policies, using the French enterprise zone program as a case study. We build a series of original indicators of spatial isolation for treated and non treated neighborhoods. We show that only the least isolated treated neighb ..."
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This paper shows that geography matters to the effectiveness of place-based policies, using the French enterprise zone program as a case study. We build a series of original indicators of spatial isolation for treated and non treated neighborhoods. We show that only the least isolated treated neighborhoods were able to draw benefits from tax breaks and social exemptions, both in terms of firms settlements and job creations. Moreover, whereas the program mostly worked through a displacement effect on pre-existing firms, we show that urban geography was a clear determinant of the decision to create new firms from scratch.

of LaborThe Causal Effects of an Industrial Policy

by Chiara Criscuolo, Ralf Martin, Henry Overman, John Van Reenen, Chiara Criscuolo, Ralf Martin, Henry Overman, John Van Reenen
"... Any opinions expressed here are those of the author(s) and not those of IZA. Research published in this series may include views on policy, but the institute itself takes no institutional policy positions. The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international resear ..."
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Any opinions expressed here are those of the author(s) and not those of IZA. Research published in this series may include views on policy, but the institute itself takes no institutional policy positions. The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international research center and a place of communication between science, politics and business. IZA is an independent nonprofit organization supported by Deutsche Post Foundation. The center is associated with the University of Bonn and offers a stimulating research environment through its international network, workshops and conferences, data service, project support, research visits and doctoral program. IZA engages in (i) original and internationally competitive research in all fields of labor economics, (ii) development of policy concepts, and (iii) dissemination of research results and concepts to the interested public. IZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author. IZA Discussion Paper No. 6323

Firm Sorting and Agglomeration

by Cecile Gaubert, Jan De Loecker, Oleg Itskhoki, Eduardo Morales, David Nagy, Felix Tintelnot
"... The distribution of firms in space is far from uniform. Some locations host the most produc-tive large firms, while others barely attract any. In this paper, I study the sorting of het-erogeneous firms across locations and analyze policies designed to attract firms to particular regions (place-based ..."
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The distribution of firms in space is far from uniform. Some locations host the most produc-tive large firms, while others barely attract any. In this paper, I study the sorting of het-erogeneous firms across locations and analyze policies designed to attract firms to particular regions (place-based policies). I first propose a theory of the distribution of heterogeneous firms in a variety of sectors across cities. Aggregate TFP and welfare depend on the extent of agglomeration externalities produced in cities and on how heterogeneous firms sort across them. The distribution of city sizes and the sorting patterns of firms are uniquely determined in equilibrium. This allows me to structurally estimate the model, using French firm-level data. I find that nearly two thirds of the observed productivity advantage of large cities is due to firm sorting. I use the estimated model to quantify the general equilibrium effects of place-based policies. I find that policies that decrease local congestion lead to a new spa-tial equilibrium with higher aggregate TFP and welfare. In contrast, policies that subsidize under-developed areas have negative aggregate effects.

2014): “People, places, and public policy: some simple welfare economics of local economic development programs

by Patrick Kline, Enrico Moretti, Danny Yagan, Owen Zidar, Attila Lindner, Ing Research, Patrick Kline, Enrico Moretti, Patrick Kline - Annual Review of Economics
"... assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Boa ..."
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assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications.

Discussion Paper Series Location Based Tax Incentives: Evidence from India

by Ritam Chaurey, Ritam Chaurey , 2012
"... Abstract: This paper studies the impact of the Government of India financed “New ..."
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Abstract: This paper studies the impact of the Government of India financed “New

___________________ _ Région et Développement n ° 38-2013___________________ REVIEW ESSAY THE EFFICIENCY OF ENTERPRISE ZONE PROGRAMS SOME CONFLICTING RESULTS?

by Florian Mayneris
"... Abstract- We propose in this paper a critical review of the literature on urban enterprise zones. The results that emerge from the papers published over the last twenty years vary a lot across studies. Several explanations can account for these apparently conflicting results. Technical tools and emp ..."
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Abstract- We propose in this paper a critical review of the literature on urban enterprise zones. The results that emerge from the papers published over the last twenty years vary a lot across studies. Several explanations can account for these apparently conflicting results. Technical tools and empirical methods for the evaluation of such policies have greatly improved since the 1990’s. Moreo-ver, it seems that the efficiency of urban enterprise zones depends on zone characteristics, industrial sector and policy design. Further research in this area should try to better take into account general equilibrium effects, in order to provide a more accurate measure of the welfare implications of these poli-cies.
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A Service of zbw Leibniz-Informationszentrum Wirtschaft Leibniz Information Centre for Economics Beyond the SUTVA: how industrial policy evaluations change when we allow for interactions among firms

by Augusto ; Cerqua , Guido Pellegrini , Augusto Cerqua , Guido Pellegrini
"... Standard-Nutzungsbedingungen: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, ..."
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Standard-Nutzungsbedingungen: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in
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Matching vs Differencing when Estimating Treatment Effects with Panel Data: the Example of the Effect of Job Training Programs on Earnings *

by Sylvain Chabé-Ferret , Joe Altonji , Martin Browning , Sidd Chib , Jim Xavier D'hautfoeuille , Stefan Heckman , Martin Hoderlein , Fabian Huber , Michael Lange , Yoonseok Lechner , Thierry Lee , Giovanni Magnac , Christoph Mellace , Julie Röthe , Petra Subervie , Neese Todd , Ed Yildiz
"... Abstract This paper compares matching and Difference-In-Difference matching (DID) when estimating the effect of a program on a dynamic outcome. I detail the sources of bias of each estimator in a model of entry into a Job Training Program (JTP) and earnings dynamics that I use as a working example. ..."
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Abstract This paper compares matching and Difference-In-Difference matching (DID) when estimating the effect of a program on a dynamic outcome. I detail the sources of bias of each estimator in a model of entry into a Job Training Program (JTP) and earnings dynamics that I use as a working example. I show that there are plausible settings in which DID is consistent while matching on past outcomes is not. Unfortunately, the consistency of both estimators relies on conditions that are at odds with properties of earnings dynamics. Using calibration and Monte-Carlo simulations, I show that deviations from the most favorable conditions severely bias both estimators. The behavior of matching is nevertheless less erratic: its bias generally decreases when controlling for more past outcomes and it generally provides a lower bound on the true treatment effect. I finally point to previously unnoticed empirical results that confirm that DID does well, and generally better than matching on past outcomes, at replicating the results of an experimental benchmark.

Lessons from the French Enterprise Zone Experience ∗

by Anthony Brian, Miren Lafourcade, Benoît Schmutz, Urban Severance, Anthony Briant, Miren Lafourcade, Benoît Schmutz , 2012
"... This paper provides empirical support to the intuitive statement that urban geography matters to the success or failure of place-based public policies, using the French enterprise zone program as a case study. According to the few existing evaluations, this program has only had a small positive aver ..."
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This paper provides empirical support to the intuitive statement that urban geography matters to the success or failure of place-based public policies, using the French enterprise zone program as a case study. According to the few existing evaluations, this program has only had a small positive average impact on firm and job creation rates. In addition, this impact was shown to be strongly heterogeneous across the treated neighborhoods. We investigate here whether the geographical characteristics of these neighborhoods may account for part of these results. We estimate a series of augmented difference-in-differences models in which we interact the treatment indicator with a series of original indicators of spatial isolation, which account for severance, peripherality and disconnection to transportation networks within the urban area. Results indicate that isolation does matter to explain spatial differentials in job creation and firm settlement rates across enterprise zones: only accessible neighborhoods were able to draw benefits from tax breaks and social exemptions. Moreover, whereas the program mostly worked through a displacement effect on pre-existing firms, we show that urban geography was a clear determinant of the decision to create new firms from scratch.

is given to the source. Place-Based Policies

by David Neumark, Helen Simpson, David Neumark, Helen Simpson, David Neumark, Helen Simpson , 2014
"... and Will Strange for very helpful comments.The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subjec ..."
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and Will Strange for very helpful comments.The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications.