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The Direct Employment Effects of Financial Assistance to Industry

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  • Wren, Colin
  • Waterson, Michael

Abstract

This paper develops and utilizes a firm-based methodology for evaluating the direct employment effects of industrial financial assistance. This approach is applied to a micro data set containing details of assistance payments made to firms in northeastern of England under regional policy, by central and local government agencies and others. It is shown that the employment cost-effectiveness of assistance varies both between assistance schemes and with economic conditions. Some comparisons are drawn with previous studies. Copyright 1991 by Royal Economic Society.

Suggested Citation

  • Wren, Colin & Waterson, Michael, 1991. "The Direct Employment Effects of Financial Assistance to Industry," Oxford Economic Papers, Oxford University Press, vol. 43(1), pages 116-138, January.
    • Handle: RePEc:oup:oxecpp:v:43:y:1991:i:1:p:116-38
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    Citations

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    Cited by:

    1. Peter Mayerhofer, 2016. "Unternehmensinvestitionen in den österreichischen Bundesländern. Entwicklung – Struktur – Funktion regionaler Förderung," WIFO Studies, WIFO, number 58936, August.
    2. Psaltopoulos, Demetrios & Skuras, Dimitris & Thomson, Kenneth J., 2011. "Employment effects of private investment initiatives in rural areas of southern Europe: A regional SAM approach," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 12(2).
    3. Jin-hui Luo & Zeyue Huang & Ruichao Zhu, 2021. "Does media coverage help firms “lobby” for government subsidies? Evidence from China," Asia Pacific Journal of Management, Springer, vol. 38(1), pages 259-290, March.
    4. Colin Wren, 1993. "Job Duration and the Macro-evaluation of Employment Policy: The Example of UK Regional Policy," Urban Studies, Urban Studies Journal Limited, vol. 30(3), pages 573-580, April.
    5. Bernard Henri Nicot & Fiona Wishlade & Laurent Davezies & Douglas Yuill & Sandra Taylor & Rémy Prud' Homme, 1998. "Economic and social cohesion in the European Union: the impact of Member States' own policies," Post-Print hal-01138700, HAL.
    6. C Wren, 1994. "Some Anatomy of Job Creation: The Role of Firm Size, Age, and the Nature of Opening," Environment and Planning A, , vol. 26(6), pages 973-988, June.
    7. Bernini, Cristina & Pellegrini, Guido, 2011. "How are growth and productivity in private firms affected by public subsidy? Evidence from a regional policy," Regional Science and Urban Economics, Elsevier, vol. 41(3), pages 253-265, May.
    8. Fan, Xueyuan & Zhao, Shukuan & Shao, Dong & Wang, Shuang & Zhang, Bochen, 2024. "Talking and walking: Corporate digital transformation and government subsidies," Finance Research Letters, Elsevier, vol. 64(C).

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