Handbook of Regional Growth and Development Theories
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Handbook of Regional Growth and Development Theories

Revised and Extended Second Edition

Edited by Roberta Capello and Peter Nijkamp

Regional economics – an established discipline for several decades – has undergone a period of rapid change in the last ten years resulting in the emergence of several new perspectives. At the same time the methodology of regional economics has also experienced some surprising developments. This fully revised and updated Handbook brings together contributions looking at new pathways in regional economics, written by many well-known international scholars. The aim is to present the most cutting-edge theories explaining regional growth and local development. The authors highlight the recent advances in theories, the normative potentialities of these theories and the cross-fertilization of ideas between regional and mainstream economists. It will be an essential source of reference and information for both scholars and students in the field.
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Chapter 28: Quantitative evaluation techniques for regional policies

Augusto Cerqua and Guido Pellegrini

Abstract

In recent years, the use of counterfactual techniques for the evaluation of regional policies has greatly expanded, mainly owing to the availability of ever better data on geographical location, the characteristics of the subjects involved, and temporal and spatial coherence. This process has led to the development of specific econometric techniques to estimate regional policy impacts. Place-based policies necessarily require a particular specification or even a specific adaptation of counterfactual techniques. The greatest difficulty is in the inherent endogeneity of place-based policies: the lower the development of a region, the greater the public intervention. In addition, the presence of interferences between treated subjects, between untreated subjects and between both, leads to the need to adapt the Rubin causal model to the case of potential interference between units. Furthermore, the presence of spillovers owing to interference creates the need to define various measures of policy impact, considering direct, indirect and total effects.

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