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Table 7 The effects of European Structural Funds on annual growth, 2008–13. Heterogeneity with respect to the kind of payments

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 pc payments for goods and services purchase)t 0.0062*** 0.0047*** 0.0031** −0.0008*** −0.0002 0.0000 0.0044 0.0030 0.0024
(0.0021) (0.0017) (0.0015) (0.0002) (0.0002) (0.0002) (0.0029) (0.0021) (0.0021)
ln(annual pc payments for ncentives)t 0.0032*** 0.0020* 0.0027*** −0.0000 −0.0002 −0.0003* 0.0007 0.0013 0.0000
(0.0012) (0.0011) (0.0010) (0.0001) (0.0001) (0.0001) (0.0015) (0.0011) (0.0013)
ln(annual pc payments for infrastructural projects)t 0.0000 0.0009 0.0002 −0.0001 0.0000 −0.0000 0.0013 −0.0012* −0.0004
(0.0007) (0.0005) (0.0005) (0.0001) (0.0001) (0.0001) (0.0009) (0.0007) (0.0007)
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 1950 1950 1950 1950 1950 1950 1950 1950 1950
R2 0.2420 0.3452 0.2471 0.1566 0.6751 0.6093 0.3284 0.5191 0.3418
Strict exog test for:          
- Goods and services 0.0005    0.0934    0.0006   
- Incentives 0.2651    0.5723    0.2803   
- Infrastructural projects 0.9358    0.9287    0.0364   
  1. Note:
  2. Standard errors clustered for LLM in parentheses. See Tables 12 for other info. The strict exogeneity test is the p-value for a test for H0: ln(annual payment for …)t+1 = 0. Columns (1), (4), (7) include only LLM FE, with no additional controls. Controls in columns (3), (6), (9) have been selected using the “double selection” of Belloni et al. (2014) and the code provided by the authors
  3. *p < .10 **p < .05 ***p < .01