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Caixan online / The blog of the Shannon Economic Academic Circle:
Do we need industrial policies? Evidence from regional funding programs

14 April 2019

Original information: Chiara Criscuolo, Ralf Martin, Henry G. Overman, John Van Reenen. Some Causal Effects of an Industrial Policy. American Economic Review, 2019, 109(1): 48-85. Governments around the world provide large amounts of subsidies to private companies, requiring companies to keep jobs, reduce unemployment, and increase productivity, especially in areas with poor geographical conditions. However, there are very few quantitative assessments of these policies, as these projects may only fund activities that the company would have carried out anyway, and the measurement estimates are unrecognizable.

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