The local economic impacts of regeneration projects: Evidence from UK's single regeneration budget
研究了英国对贫困社区补贴商业空间建设的82亿英镑投资,发现虽然增加了目标地区的就业岗位数量,但并未改善当地居民的就业状况。
Many governments aim to improve the labour market outcomes of people living in deprived areas through "place-making" initiatives. Economists are often sceptical about the effectiveness of such policies, but empirical evidence on their impacts remains limited. We examine the impact of building subsidised business floor space in deprived neighbourhoods in the UK. Our estimates suggest that while the £8.2bn investment into these projects increased the number of jobs located in the targeted neighbourhoods, it did little to improve the employment of local residents.