THE BUILD‐UP AND DURATION OF SUBSIDY‐INDUCED EMPLOYMENT EVIDENCE FROM U.K. REGIONAL POLICY*
利用英国区域政策工具和企业财务援助的微观数据，研究补贴后五年内受助就业的时间特征，发现补贴效果因形式和企业而异，大企业通常无效，其他企业就业在三年内积累但随后快速流失。
ABSTRACT. The paper takes microlevel data on U.K. regional policy instruments and other financial assistance payments to industry to examine the time profile of assisted employment up to five years after the date of assistance. The theoretical analysis indicates factors bearing on the employment effect of industrial assistance and highlights the possibly key role played by the firm's access to private funds. The results from the regression analysis indicate that both the build‐up and duration of subsidy‐induced jobs vary between assistance form and firm, and that assistance is generally ineffective in large firms. Elsewhere, assisted jobs accumulate over a period of three years, but then are lost to policy at high rates.