Regional subsidies and industrial prospects of lagging regions:
"Large and sustained differences in economic performance across regions of developing countries have long provided motivation for fiscal incentives designed to encourage firm entry in lagging areas. But empirical evidence in support of these policies has been weak at best. The authors undertake...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C]
World Bank
[2006]
|
| Schriftenreihe: | Policy research working paper
3843 |
| Schlagworte: | |
| Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 URL des Erstveröffentlichers |
| Zusammenfassung: | "Large and sustained differences in economic performance across regions of developing countries have long provided motivation for fiscal incentives designed to encourage firm entry in lagging areas. But empirical evidence in support of these policies has been weak at best. The authors undertake a direct evaluation of the most prominent fiscal incentive policy in Brazil, the Fundos Constitucionais de Financiamento (Constitutional Funds). In doing so, they exploit valuable features of the Brazilian Ministry of Labor's RAIS data set to address two important elements of firm location decisions that have the potential to bias an assessment of the funds: (1) firm "family structure" (in particular, proximity to headquarters for vertically integrated firms), and (2) unobserved spatial heterogeneity (with the potential to confound the effects of the funds). The authors find that the pull of firm headquarters is very strong relative to the constitutional funds for vertically integrated firms, but that, with nonparametric controls for time invariant spatial heterogeneity, the funds provide significant incentives for firms in many of the targeted industries. "--World Bank web site |
| Beschreibung: | Includes bibliographical references Title from PDF file as viewed on 2/7/2006 |
| Beschreibung: | 1 Online-Ressource |
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| 245 | 1 | 0 | |a Regional subsidies and industrial prospects of lagging regions |c Somik V. Lall, Christopher Timmins, Alexandre Carvalho |
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| 520 | 3 | |a "Large and sustained differences in economic performance across regions of developing countries have long provided motivation for fiscal incentives designed to encourage firm entry in lagging areas. But empirical evidence in support of these policies has been weak at best. The authors undertake a direct evaluation of the most prominent fiscal incentive policy in Brazil, the Fundos Constitucionais de Financiamento (Constitutional Funds). In doing so, they exploit valuable features of the Brazilian Ministry of Labor's RAIS data set to address two important elements of firm location decisions that have the potential to bias an assessment of the funds: (1) firm "family structure" (in particular, proximity to headquarters for vertically integrated firms), and (2) unobserved spatial heterogeneity (with the potential to confound the effects of the funds). The authors find that the pull of firm headquarters is very strong relative to the constitutional funds for vertically integrated firms, but that, with nonparametric controls for time invariant spatial heterogeneity, the funds provide significant incentives for firms in many of the targeted industries. "--World Bank web site | |
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Datensatz im Suchindex
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T22:27:47Z |
| indexdate | 2024-07-10T09:54:31Z |
| institution | BVB |
| language | English |
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| series2 | Policy research working paper |
| spelling | Lall, Somik V. Verfasser aut Regional subsidies and industrial prospects of lagging regions Somik V. Lall, Christopher Timmins, Alexandre Carvalho [Washington, D.C] World Bank [2006] 1 Online-Ressource txt rdacontent c rdamedia cr rdacarrier Policy research working paper 3843 Includes bibliographical references Title from PDF file as viewed on 2/7/2006 "Large and sustained differences in economic performance across regions of developing countries have long provided motivation for fiscal incentives designed to encourage firm entry in lagging areas. But empirical evidence in support of these policies has been weak at best. The authors undertake a direct evaluation of the most prominent fiscal incentive policy in Brazil, the Fundos Constitucionais de Financiamento (Constitutional Funds). In doing so, they exploit valuable features of the Brazilian Ministry of Labor's RAIS data set to address two important elements of firm location decisions that have the potential to bias an assessment of the funds: (1) firm "family structure" (in particular, proximity to headquarters for vertically integrated firms), and (2) unobserved spatial heterogeneity (with the potential to confound the effects of the funds). The authors find that the pull of firm headquarters is very strong relative to the constitutional funds for vertically integrated firms, but that, with nonparametric controls for time invariant spatial heterogeneity, the funds provide significant incentives for firms in many of the targeted industries. "--World Bank web site Online-Ausg Also available in print Industrial location Government policy Brazil Brazil / Economic conditions / 1945- / Regional economic disparities Timmins, Christopher Sonstige oth World Bank Sonstige oth Lall, Somik V Regional subsidies and industrial prospects of lagging regions http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3843 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Lall, Somik V. Regional subsidies and industrial prospects of lagging regions Industrial location Government policy Brazil |
| title | Regional subsidies and industrial prospects of lagging regions |
| title_auth | Regional subsidies and industrial prospects of lagging regions |
| title_exact_search | Regional subsidies and industrial prospects of lagging regions |
| title_exact_search_txtP | Regional subsidies and industrial prospects of lagging regions |
| title_full | Regional subsidies and industrial prospects of lagging regions Somik V. Lall, Christopher Timmins, Alexandre Carvalho |
| title_fullStr | Regional subsidies and industrial prospects of lagging regions Somik V. Lall, Christopher Timmins, Alexandre Carvalho |
| title_full_unstemmed | Regional subsidies and industrial prospects of lagging regions Somik V. Lall, Christopher Timmins, Alexandre Carvalho |
| title_short | Regional subsidies and industrial prospects of lagging regions |
| title_sort | regional subsidies and industrial prospects of lagging regions |
| topic | Industrial location Government policy Brazil |
| topic_facet | Industrial location Government policy Brazil |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3843 |
| work_keys_str_mv | AT lallsomikv regionalsubsidiesandindustrialprospectsoflaggingregions AT timminschristopher regionalsubsidiesandindustrialprospectsoflaggingregions AT worldbank regionalsubsidiesandindustrialprospectsoflaggingregions |