We investigate the effectiveness of European Structural Funds on employment, population and house prices in 325 Local Labor Markets (LLM) located in Southern Italy. We exploit the variability in disbursements between 2007 and 2013 and estimate the impact of the interventions by allowing for...

We investigate the effectiveness of European Structural Funds on employment, population and house prices in Local Labor Markets (LLM) located in Southern Italy. We exploit the variability in disbursements between 2007 and 2013 and estimate the impact of the interventions by allowing for...

This paper analyses the case of a local secession, i.e. the birth of a new local jurisdiction by separation from an existing one. We present a stylized model in which society is composed of heterogeneous groups and individuals have an homophily bias. The model predicts that: i) separations, such...