Cingano, Federico; Palomba, Filippo; Pinotti, Paolo; … - 2022
invariance assumption, we estimate that eliminating political discretion and relying only on objective criteria would reduce the … cost per job by 9 percent, while relying only on political discretion would increase the cost by 55 percent. The effect of … political discretion is larger in the south, which received the largest share of funds and exhibited the highest cost …