Local Development that Money Can't Buy: Italy's Contratti di Programma The paper evaluates the effectiveness of a major Italy's place-based policy (Contratti di Programma), through which the Government endorses and finances an industrialization plan proposed by private firms. By using as...

We investigate the impact of a set of place-based subsidies introduced in Turkey in 2012. Using firm-level balance-sheet data along with data on the domestic production network, we first assess the policy’s direct and indirect impacts. We find an increase in economic activity in...