1,721,090 research outputs found

    Is subsidising tourism firms an effective use of public funds?

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    This study assesses the impact of state aid on firms in the tourism sector by implementing an accurate micro-econometric evaluation of their causal effect. Analyses consider subsidies allocated by the main regional policy in Italy, the Law 488/1992, during the period 1999-2003. A Matching Difference-In-Difference (MDID) estimator is applied, considering the presence of selection on observable and non-observable factors. Effects on the tourism sector are compared with those in the manufacturing industry. The impacts with respect to different types of tourism destinations where tourism firms operate are also evaluated. The results show higher output and employment growth but lower labour productivity dynamics in subsidised firms relative to non-subsidised ones. The impacts are diverse across types of tourism destinations. © 2012 Elsevier Ltd

    The Last Ten Years of Regional Science: Advances in Theory and in Policy Evaluation

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    Some months ago, the Scientific Board of AISRe and the Editor of this Journal asked us, also in our capacities as immediate Past Presidents of the Association, to edit a new celebratory special issue with a specific focus on the past ten years. We asked prominent Italian scholars in the field to review the most significant studies produced mostly in the past decade (including their own) and to address new topics that had not been covered by the previous celebratory issue or that had registered important advances since then
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