Place-based public investment in regional infrastructure, the locational choice of firms and regional performance: the case of India
研究将区域基础设施公共投资视为一种基于地点的区域产业政策，利用印度14个地区39年数据，发现电力设施和国道建设能增加企业数量并提升经济绩效。
We discuss conceptual reasons for and propose public investment in regional infrastructure as a hybrid form of a place-based regional industrial policy aiming to foster the regional economic activity of lagging regions. We present and empirically test a baseline model using data for 14 Indian regions/states over a period of 39 years. Our results show that place-based regional infrastructure investments, particularly in electricity-generating capacity and width-adjusted length of national highways, positively impact the relative number of firms operating in a region and help foster its economic performance.