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Guido Pellegrini
Sapienza University of Rome
65Publications
14H-index
734Citations
Publications 65
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Abstract Theoretical literature on active labour market policies underlined as targeted policies can have unplanned consequences (i.e. displacement and postponed hiring effects) on individuals outside the target group. These consequences mostly affect the hiring of those that are more often used in the control group when a counterfactual approach is used to evaluate a policy. They may imply a misestimation of policy effect. Surprisingly, few empirical analysis took into account of this possibili...
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#1Guido PellegriniH-Index: 14
#2Ornella TarolaH-Index: 6
Last.Giulia CeccantoniH-Index: 1
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We consider how two groups of regions, which differ in productivity and public good endowments, compete in tax and public goods to attract or reject migrants. In our framework the less productive regions receive public transfers which increase their panoply of public goods. We find that, whenever public transfers are sufficiently high, migration to the less productive regions is observed only in the case when the productivity gap between regions is not extremely wide. We then employ a regression...
#1Augusto Cerqua (University of Westminster)H-Index: 5
#2Guido Pellegrini (Sapienza University of Rome)H-Index: 14
We evaluate whether the impact of EU Structural and Cohesion Funds (EUF) on Member States’ regional economic growth depends on the intensity of treatment, measured by the normalized amount of funds distributed in each region. We use an original data set that covers all the main sources of EUF and extend the regression discontinuity design to the case of continuous treatment. The results suggest an average positive effect on regional growth. The estimated conditional intensity-growth function is ...
8 CitationsSource
#2Marco CentraH-Index: 1
Last.Guido Pellegrini (Sapienza University of Rome)H-Index: 14
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To what extent, hiring incentives targeting a specific group of vulnerable unemployed (i.e. long term unemployed) are more effective, with respect to generalised incentives (without a definite target), to increase hirings of the targeted group? Are generalized incentives able to influence hirings of the vulnerable group? Do targeted policies have negative side effects too important to accept them? Even though there is a huge literature on hiring subsidies, these questions remained unresolved. We...
#1Augusto CerquaH-Index: 5
#2Guido PellegriniH-Index: 14
Regional inequalities are large and have widened during the Great Recession. As they prompt people and economic activities to migrate from lagging regions, central governments around the world transfer large amounts of resources in order to prevent these phenomena from occurring. In this paper, we evaluate the effectiveness of the most extensive and long-lived experiment of income redistribution across regions and countries, i.e., the EU regional policy, at a time of economic crisis. Exploiting ...
2 Citations
#1Augusto CerquaH-Index: 5
#2Guido PellegriniH-Index: 14
We measure the effects of a substantial place-based policy shock on the local labor market systems exploiting as an instrumental variable the peculiar information necessary to apply for capital subsidies in Italy during the period 1996-2006. The results show the presence of positive multipliers in the South of Italy, slightly lower than what was previously found for the US but much higher than those identified for European and Asian countries. The reasons for this finding lie in the greater accu...
1 Citations
#1Guido Pellegrini (Sapienza University of Rome)H-Index: 14
#2Teo Muccigrosso (National Institute of Statistics)H-Index: 2
ABSTRACTDo subsidized new firms survive longer? Evidence from a counterfactual approach. Regional Studies. This study provides a statistically robust evaluation of the impact of capital subsidies on the survival of start-ups in Italy. The analysis considers the subsidies provided by the main Italian regional policy, Law 488/1992, during 1996–2009. By exploiting an unusual characteristic of the L. 488 selection process, a quasi-experimental design with high internal validity – the regression disc...
4 CitationsSource
#1Augusto Cerqua (University of Westminster)H-Index: 5
#2Guido Pellegrini (Sapienza University of Rome)H-Index: 14
The shortage of studies on spatial spillovers of capital subsidy policies is rather surprising, considering that such policies are usually designed to generate spatial externalities. We propose a new framework that allows positive agglomeration effects to be contrasted with the negative cross-sectional substitution and the crowding-out effect. The global evaluation of the ATT and the spillover parameters shifts the spotlight from the policy effect on subsidised firms to the global effect of capi...
4 CitationsSource
#1Cristina Bernini (UNIBO: University of Bologna)H-Index: 9
#2Augusto Cerqua (University of Westminster)H-Index: 5
Last.Guido Pellegrini (Sapienza University of Rome)H-Index: 14
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This paper evaluates the impact of subsidies on the different components of TFP for granted firms’ long-term growth. The impact of capital subsidies is captured by a quasi–experimental method (Multiple RDD), exploiting the conditions for a local random experiment created by an Italian industrial policy. Results show that capital subsidies negatively affect TFP growth in the short term, and signals of positive effects appear only after 3–4 years. This positive medium-long term impact comes especi...
6 CitationsSource
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