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Reconciling Practice with Theory in the Micro-Evaluation of Regional Policy

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  • Colin Wren

Abstract

This paper seeks to reconcile evaluative practice with theory, focusing on the micro-evaluation of UK regional industrial policy. Two issues are examined: the measurement of the pecuniary external effects, including displacement and linkages; and the concept of 'additionality', which is central to the industrial survey approach. It argues that current evaluative practice is at odds with theory, but while cost-benefit analysis simplifies the measurement of the external effects, it has other features that may limit its appeal. On 'additionality', the paper traces its evolution, and shows that it is a multi-dimensional concept. It argues that in practice the use of 'additionality' is deficient as it ignores the firm's private funds and all forms of deadweight transfer.

Suggested Citation

  • Colin Wren, 2007. "Reconciling Practice with Theory in the Micro-Evaluation of Regional Policy," International Review of Applied Economics, Taylor & Francis Journals, vol. 21(3), pages 321-337.
    • Handle: RePEc:taf:irapec:v:21:y:2007:i:3:p:321-337
    DOI: 10.1080/02692170701390312
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    References listed on IDEAS

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    1. Sugden, Robert & Williams, Alan, 1978. "The Principles of Practical Cost-Benefit Analysis," OUP Catalogue, Oxford University Press, number 9780198770411.
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    Cited by:

    1. Marta Gancarczyk, 2009. "Ocena publicznej i prywatnej formy świadczenia usług dla przedsiębiorców w Małopolsce," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 5-6, pages 91-111.
    2. Kim Swales, 2008. "The Relative Efficiency of Automatic and Discretionary Industrial Aid," Working Papers 0812, University of Strathclyde Business School, Department of Economics.
    3. Robert K. Gruenwald, 2014. "Alternative Approaches in Evaluating the EU SME Policy: Answers to the Question of Impact and Legitimization," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 2(2), pages 77-88.
    4. Petr Janský & Tomáš Křehlík & Jiří Skuhrovec, 2016. "Do EU funds crowd out other public expenditures? Evidence on the additionality principle from the detailed Czech municipalities’ data," European Planning Studies, Taylor & Francis Journals, vol. 24(11), pages 2076-2095, November.
    5. Lenihan, Helena, 2011. "Enterprise policy evaluation: Is there a 'new' way of doing it?," Evaluation and Program Planning, Elsevier, vol. 34(4), pages 323-332, November.

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