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The Impact of Local Government Investment on Corporate Decisions

английская версия

Опубликовано на портале: 08-09-2011
Pina Puntillo, Paolo Tenuta
Корпоративные финансы. 2011.  № 2 (18). С. 70-81. 

This work aims to provide evidence on the impact of public investment on local business decisions. In particular we want to see the effect of public investment on the development of local area - measured by GDP and employment - and therefore the effect that the development of the area determines the location decisions of businesses.

The paper continues from Part 1 (EJournal of Corporate Finance №1 (17) 2011). In this Part, is empirically tested the research hypothesis, through an econometric analysis, describing the models and variables used in the application of panel techniques, and presents the results of the estimates, while last section concludes with summary of some considerations.
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