We discuss three important properties of panel data event study designs. First, assuming
constant treatment effects before and/or after some event time, also known as binning, is a …

We study how tax policies that lower the cost of capital impact investment and labor demand.
Difference-in-differences estimates using confidential Census Data on manufacturing …

What are the distributional effects of placed-based policies? Drawing on household data
from 2.4 million survey respondents in the European Union (EU), we show that income …

This paper examines the effect of tax incentives in the form of bonus depreciation on
investment quality. Using the expiration of tax incentives via bonus depreciation in eastern …

We establish a framework to quantify the welfare effects of decentralized policies. Local
policies result in benefit-spillovers, mobility of households and firms, and interjurisdictional …

This paper studies a place-based industrial policy (PBIP) aiming to establish industrial
clusters in Italy in the 1960s-70s. Combining historical archives spanning one century with …

Between 1950 and 1992, Italy implemented one of the largest regional development
programs in history to foster industrialization in its Southern regions. Exploiting three distinct …

Public support schemes are typically targeted towards capital investments. However, the
targeting of digitization investments might not only be a missed opportunity to increase the …

This chapter discusses factors that contributed to different economic dynamics across
European regions and the prevailing disparities. The impact of EU Cohesion Policy in …

This paper shows that regional policies can decrease populist support. We focus on the"
development objective"(Objective-1) of the European Regional Development Fund (ERDF) …