The persistent effects of place-based policy: Evidence from the West-German Zonenrandgebiet

von Ehrlich, Maximilian; Seidel, Tobias (April 2016). The persistent effects of place-based policy: Evidence from the West-German Zonenrandgebiet (CRED Research Paper 9). Bern: CRED - Center for Regional Economic Development

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We show that temporary place-based subsidies generate persistent effects on economic density. As our design allows us to control for agglomeration economies, we attribute an important role to policy-induced locational advantage (e.g. capital structures) in explaining persistent spatial patterns of economic activity. With regard to distributional implications, we show that subsidies have capitalized in land rents, so pre-treatment land owners have benefitted predominantly from the program.

Item Type:

Working Paper

Division/Institute:

03 Faculty of Business, Economics and Social Sciences > Department of Economics
03 Faculty of Business, Economics and Social Sciences > Department of Economics > Institute of Economics > Economic Policy and Regional Economics
03 Faculty of Business, Economics and Social Sciences > Department of Economics > Institute of Economics
03 Faculty of Business, Economics and Social Sciences > Department of Economics > Institute of Economics > Public Economics
11 Centers of Competence > Center for Regional Economic Development (CRED)

UniBE Contributor:

v. Ehrlich, Maximilian

Subjects:

300 Social sciences, sociology & anthropology > 330 Economics

Series:

CRED Research Paper

Publisher:

CRED - Center for Regional Economic Development

Language:

English

Submitter:

Melanie Moser

Date Deposited:

28 Apr 2020 13:36

Last Modified:

28 Apr 2020 13:36

Uncontrolled Keywords:

Place-based Policy, Economic geography, Persistence, Locational advantage, Land value capitalization

JEL Classification:

R12, R38, H25, H54, O18

BORIS DOI:

10.7892/boris.143541

URI:

https://boris.unibe.ch/id/eprint/143541

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