Local employment multipliers for large publicly subsidized firms: Evidence from a synthetic control approach

IF 3.2 3区 经济学 Q1 ECONOMICS
Andrew Hanson, Shawn Rohlin
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引用次数: 0

Abstract

This paper provides estimates of local employment multipliers from large, publicly subsidized firms. We use a synthetic control weighted difference-in-difference estimation procedure that matches treated areas with comparison areas to generate local employment multiplier estimates. We show that local employment multiplier estimates have a high degree of uncertainty, with a wide range of point estimates (both positive and negative) and varying degrees of statistical significance. There is a concentration of positive employment multipliers from manufacturing facilities, but little correlation between estimated multipliers and subsidy value. We demonstrate that our approach produces drastically different results than a traditional difference-in-difference approach.

Abstract Image

大型公共补贴企业的当地就业乘数:合成控制法的证据
本文提供了来自大型公共补贴企业的当地就业乘数估计值。我们采用合成控制加权差分估算程序,将受惠地区与对比地区相匹配,得出当地就业乘数估算值。我们的研究表明,当地就业乘数估计值具有很大的不确定性,其点估计值范围很广(包括正值和负值),统计意义也各不相同。制造业设施的就业乘数集中为正值,但估计乘数与补贴价值之间几乎没有关联。我们证明,我们的方法与传统的差分法得出的结果截然不同。
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来源期刊
CiteScore
4.90
自引率
6.70%
发文量
54
期刊介绍: The Journal of Regional Science (JRS) publishes original analytical research at the intersection of economics and quantitative geography. Since 1958, the JRS has published leading contributions to urban and regional thought including rigorous methodological contributions and seminal theoretical pieces. The JRS is one of the most highly cited journals in urban and regional research, planning, geography, and the environment. The JRS publishes work that advances our understanding of the geographic dimensions of urban and regional economies, human settlements, and policies related to cities and regions.
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