European structural funds during the crisis: evidence from Southern Italy

Table 11 The effects of European Structural Funds payments and their lags on annual growth, 2010-2013

Annual 2010–13 growth in:	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)
Annual 2010–13 growth in:	Employment			Population			House price per sqm
ln(annual pc payments)_t	0.0113***	0.0062**	0.0076***	−0.0001	0.0004	0.0003	−0.0016	−0.0010	0.0021
ln(annual pc payments)_t	(0.0041)	(0.0028)	(0.0029)	(0.0004)	(0.0004)	(0.0004)	(0.0028)	(0.0025)	(0.0026)
ln(annual pc payments)_t-1	0.0001	−0.0017	−0.0017	−0.0006*	−0.0005*	−0.0005*	−0.0077*	−0.0020	−0.0060*
ln(annual pc payments)_t-1	(0.0027)	(0.0026)	(0.0024)	(0.0003)	(0.0003)	(0.0003)	(0.0040)	(0.0022)	(0.0033)
ln(annual pc payments)_{t −2}	0.0002	−0.0000	−0.0010	0.0002	0.0001	0.0003	0.0021	0.0038	0.0001
ln(annual pc payments)_{t −2}	(0.0021)	(0.0019)	(0.0017)	(0.0002)	(0.0002)	(0.0002)	(0.0040)	(0.0024)	(0.0020)
Additional controls	LLM FE	All f _i′;	Chosen by double selection	LLM FE	All f _i′;	Chosen by double selection	LLM FE	All f _i′;	Chosen by double selection
		f _i′ × t;			f _i′ × t;			f _i′ × t;
		f _i′ × t ²			f _i′ × t ²			f _i′ × t ²
Obs	1300	1300	1300	1300	1300	1300	1300	1300	1300

Note:
See Table 2 for other info. Standard errors clustered for LLM in parentheses. Columns (1), (4), (7) include only LLM FE, with no additional controls. To avoid introducing an additional source of variation, controls in columns (3), (6), (9) are the same selected for Table 2
*p < .10 **p < .05 ***p < .01