From: European structural funds during the crisis: evidence from Southern Italy
Annual 2008–13 growth in: | (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) |
---|---|---|---|---|---|---|---|---|---|
Employment | Population | House price per sqm | |||||||
ln(annual per capita payments)t | 0.0028 | 0.0010 | 0.0014 | −0.0004** | −0.0000 | −0.0003 | 0.0063** | 0.0012 | 0.0029 |
(0.0017) | (0.0017) | (0.0014) | (0.0002) | (0.0002) | (0.0002) | (0.0025) | (0.0020) | (0.0021) | |
Controls selected by the double selection procedure: | |||||||||
ln(allocated per capita funds) | −0.0756 | −0.0034** | −0.0052 | 0.0002 | 0.2453*** | 0.0034 | |||
(0.0879) | (0.0014) | (0.0116) | (0.0003) | (0.0929) | (0.0026) | ||||
fraction of surface composed of municipalities on the coast | −0.0015 | −0.0004 | 0.0010* | 0.0183 | |||||
(0.0152) | (0.0019) | (0.0006) | (0.0172) | ||||||
fraction of surface composed of municipalities in a mountain area | −0.0084 | 0.00132 | 0.0300* | 0.0055* | |||||
(0.0131) | (0.0017) | (0.0157) | (0.0031) | ||||||
unemployment rate2006 | −7.5712** | −0.0243 | −5.4767* | −0.1442*** | |||||
(3.5826) | (0.3705) | (3.2750) | (0.0524) | ||||||
ln(employment)2006 | 2.0891 | 0.1027 | 0.0008*** | 1.0234 | |||||
(1.2758) | (0.2218) | (0.0002) | (1.4014) | ||||||
population growth 2004-07 | −1.7737 | 0.2652*** | 0.6807 | 0.2124*** | 1.2108 | ||||
(2.7249) | (0.0278) | (0.4949) | (0.0109) | (4.6594) | |||||
house price growth 2004-07 | 0.0881 | −0.0170 | 0.0022** | −0.6140*** | |||||
(0.1615) | (0.0201) | (0.0010) | (0.1818) | ||||||
share trade services workers 2007 | −0.0980 | −0.0002 | 0.0084*** | 0.1629** | |||||
(0.0658) | (0.0081) | (0.0026) | (0.0636) | ||||||
housing units pc × time 2 | −0.0124 | 0.0016 | −0.0009 | 0.0008*** | |||||
(0.0212) | (0.0030) | (0.0198) | (0.0002) | ||||||
unemployment rate2006 × time | 14.0820*** | 0.1115 | 6.8283 | 0.0469*** | |||||
(4.9298) | (0.5247) | (4.4299) | (0.0095) | ||||||
ln(house price per sqm)2006 × time | 0.0694 | −0.0036 | 0.2550*** | −0.0061*** | |||||
(0.0620) | (0.0079) | (0.0774) | (0.0007) | ||||||
Additional controls | LLM FE | All remaining variables in f i ′; f i ′ × t; f i ′ × t 2 | No additional controls | LLM FE | All remaining variables in f i ′; f i ′ × t; f i ′ × t 2 | No additional controls | LLM FE | All remaining variables in f i ′; f i ′ × t; f i ′ × t 2 | No additional controls |
Obs | 1950 | 1950 | 1950 | 1950 | 1950 | 1950 | 1950 | 1950 | 1950 |
R2 | 0.2350 | 0.3403 | 0.2354 | 0.1519 | 0.6745 | 0.5934 | 0.3302 | 0.5170 | 0.3074 |
Strict exog test | 0.2892 | 0.6070 | 0.1941 |