Can Tax Breaks Beat Geography? Lessons from the French Enterprise Zone Experience

• 成果类型: Article
• 署名作者: Briant, Anthony; Lafourcade, Miren; Schmutz, Benoit
• 署名单位: Paris School of Economics; Howard University
• 刊物名称: AMERICAN ECONOMIC JOURNAL-ECONOMIC POLICY
• ISSN/ISSBN: 1945-7731
• DOI: 10.1257/pol.20120137
• 发表日期: 2015
• 页码: 88-124
• 关键词: place based policies; spatial mismatch; unemployment; incentives; MARKETS; workers; search; STATES

摘要

This paper shows that urban geography matters to the effectiveness of place-based policies, using the French enterprise zone program as a case study. Whereas this program created more jobs in spatially integrated neighborhoods, its impact on local wages was only visible in the more isolated ones. In addition, a focus on the average impact of the program would lead to the conclusion that it mostly succeeded in displacing preexisting firms, but a lower level of spatial isolation was a clear determinant of the decision to create new firms from scratch.