This paper provides new empirical assessment evidence on the efficiency of locally-targeted tax incentives in revitalizing distressed areas. We focus on the first generation of the French Enterprise Zone intiative, implemented in 1997 in continental France. We use new georeferenced panel data at...

This paper provides new empirical evidence on the long-run efficiency of locally targeted tax incentives in revitalizing distressed areas. We focus on the first generation of the French "Enterprise Zone" (EZ) initiative, implemented in 1997 in continental France. This program provides tax...