European structural funds during the crisis: evidence from Southern Italy

Table 12 The elasticity of the current level of outcomes with respect to European Structural Fund payments, 2008-2013

	(1)	(2)	(3)	(4)	(5)	(6)
Outcome:	Employment		Population		House price per sqm
ln(annual pc payments)_t	0.0031	0.0048	−0.0004	−0.0002	−0.0065	−0.0025
ln(annual pc payments)_t	(0.0039)	(0.0040)	(0.0005)	(0.0005)	(0.0106)	(0.0087)
Additional controls	LLM FE and specific linear time trends	LLM FE, plus controls chosen by double selection	LLM FE and specific linear time trends	LLM FE, plus controls chosen by double selection	LLM FE and specific linear time trends	LLM FE, plus controls chosen by double selection
Obs	1950	1950	1950	1950	1950	1950

Note:
See Table 2 for other info. Standard errors clustered for LLM in parentheses. Estimates obtained using Poisson Quasi Maximum Likelihood. Controls in columns (3), (6), (9) have been chosen using the “double selection” method (Belloni et al. 2014, and the code provided by the authors) on the reduced forms for ln(annual pc payments)_t and for the logarithm of the outcome. Coefficients on selected covariates are available on request
*p < .10 **p < .05 ***p < .01