Lorenzo Incoronato @l_incoronato Twitter profile | Pikagi

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Lorenzo Incoronato

@l_incoronato

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economist @csef_unina @uninait | phd @econucl | @CESifoNetwork - @CReAM_Research - @RF_Berlin

Naples, Italy

https://t.co/1mh3FW9tGw

Joined November 2016

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@l_incoronato

Lorenzo Incoronato

1 year

Excited to share my #JMP : Place-Based Industrial Policies and Local Agglomeration in the Long Run ❓Can PBIPs foster local agglomeration and structural change? ✅Novel evidence of virtuous cycle promoted by PBIP ⚙️Key channel: knowledge-intensive services 🧵👇 #EconTwitter

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@l_incoronato

Lorenzo Incoronato

10 months

My JMP won the @FBK_research award for the Best Paper in Public Policy Evaluation! Looking forward to presenting it at the @FbkIrvapp 2024 Advanced School in Venice.

@FBK_research

Fondazione Bruno Kessler - FBK

10 months

A @l_incoronato il #premio @FbkIrvapp 2024 👉 Il giovane dottorando ha vinto la seconda edizione del premio per il miglior paper per le politiche pubbliche. Presenterà il suo lavoro a Venezia il 23/01 alla Scuola internazionale sulla valutazione d'impatto

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@l_incoronato

Lorenzo Incoronato

11 months

Thrilled to see this paper with Giuseppe Albanese and @guidodeblasio forthcoming in AEJ: Policy! ❓Can government transfers have a persistent impact on voting? ✅Higher electoral support for the welfare state ❌Not driven by incumbent voting or economic status 🧵👇 #EconTwitter

@AEAjournals

AEA Journals

11 months

Forthcoming in AEJ: Economic Policy: "Government Transfers and Votes for State Intervention" by Giuseppe Albanese, Guido de Blasio, and Lorenzo Incoronato.

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@l_incoronato

Lorenzo Incoronato

1 year

A great privilege to present my #JMP at this fantastic workshop!

@CReAM_Research

CReAM

@CReAM_Research

1 year

We’re looking forward to @CReAM_research @EconUCL workshop on regional inequality funded by @ESRC @UKRI_News . We have a very exciting line-up of papers addressing #regional #inequalities from trade, urban, labor, economic history and political economy perspectives. @UCLPolicyLab

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Lorenzo Incoronato

1 year

thanks @Gabri_EllaConti for sharing and to @EconUCL and @StoneEcon_UCL for organizing this great workshop!

@Gabri_EllaConti

Gabriella Conti

@Gabri_EllaConti

1 year

And last but not least-enjoyed @l_incoronato #JMP on the effects of a large place-based industrial policy (PBIP) aimed at establishing industrial clusters in #Italy in the 1960s and 1970s - v interesting and so good to see my beloved #South on the slide 🇮🇹

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@l_incoronato

Lorenzo Incoronato

1 year

Thanks for reading! There is much more in the paper, and feedback is most welcome. Full draft at: More of my research at:

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Lorenzo Incoronato

Centre for Studies in Economics and Finance (CSEF) and Department of Economics and Statistics, University of Naples Federico II. Affiliations: CESifo, CReAM, Rockwool Foundation Berlin. Ph.D. in...

www.lorenzoincoronato.com

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Lorenzo Incoronato

1 year

❌BUT, where PBIP is implemented matters. Only short-lived effects in places with poor market access and low agglomeration pre-policy 👉impact of PBIP depends on initial conditions in targeted areas (9/10)

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Lorenzo Incoronato

11 months

🤔Possible channels? 1⃣Structure of the economy: more workers in industry 👉demand protection from the state 2⃣Selective migration at the border 3⃣Shifting individual attitudes towards role of the state, preferences for redistribution, luck vs effort

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Lorenzo Incoronato

1 year

Results: i) manuf employment📈during IDA years... but effect stabilizes as IDAs phased out ii) spillovers to non-tradable services during IDA years, via local multipliers iii) services continue to📈, esp. knowledge-intensive ➡️consistent with agglomeration economies (5/10)

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Lorenzo Incoronato

11 months

Established finding in political economy: transfers 📈boost votes for the incumbent government... 👉We ask: do communities that received transfers in the past still support welfare policies and redistribution... ... regardless of which party proposes them?

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Lorenzo Incoronato

11 months

📐Measuring voters’ support for state intervention: combine party-level scores (from Manifesto Project) with municipal vote shares at national elections 💡Identification: spatial RD at the policy border

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@l_incoronato

Lorenzo Incoronato

11 months

📈Debate on place-based and local development policies has intensified 🚨We stress that these interventions can have lasting, unintended consequences on voting outcomes Thanks for reading! Comments most welcome

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Lorenzo Incoronato

11 months

⚙️Classic channels?❌Not at play here: 1⃣ Rewarding the incumbent: government party promoting CasMez disappeared in early 1990s 2⃣ Different economic conditions: no long-run effect of the policy on local employment and income

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Lorenzo Incoronato

11 months

We study the Italian Cassa per il Mezzogiorno, a place-based policy in Southern Italy🇮🇹(CasMez, 1950-1992)

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Lorenzo Incoronato

11 months

⬆️Stronger support for pro-state parties in post-Casmez elections in treated areas ⭐️Effect largest in 2013: 1st time 5-Star Movement called for Reddito di Cittadinanza (basic income)👉elicited voters’ views on state intervention ❌Check: not capturing populist attitudes

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Lorenzo Incoronato

1 year

There is intense debate on PBIP. This is the first study documenting a virtuous cycle led by services - typically not target of industrial policy - and especially knowledge-intensive jobs 👉key policy implications, and ground for exciting future research! (10/10)

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Lorenzo Incoronato

1 year

PBIPs assisting left-behind areas have📈in recent years, aiming to create industrial clusters and foster local development... ❌but scarce evidence on long-run effects of PBIPs due to limited data and identification issues (1/10)

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@l_incoronato

Lorenzo Incoronato

1 year

Paper - with @salva_lat - leverages 100 years of admin data and a unique historical setting: the Industrial Development Areas (IDAs) 👉PBIP in Southern Italy🇮🇹(1960s-70s) aiming to⬆️industrial concentration in high-potential areas via subsidies to manufacturing firms (2/10)

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Lorenzo Incoronato

1 year

More results: i) some displacement of employment from nearby areas while PBIP is in place, but not after its termination ii) long-run cost per job ~$30k iii) benefits of PBIP outweigh the costs (8/10)

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Lorenzo Incoronato

10 months

@h_kawarazaki @FBK_research @FbkIrvapp Thanks Hikaru!

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