期刊名称：Discussion Paper / Département des Sciences Économiques de l'Université Catholique de Louvain
印刷版ISSN：1379-244X
出版年度：2012
卷号：1
出版社：Université catholique de Louvain
摘要：In this paper, we study the impact of a French enterprise zones program|the \Zones Franches Urbaines" (ZFUs) policy|on establishments' location decisions. Our empirical analysis is based on a micro-geographic dataset which provides exhaustive information on the location of establishments in France over the period 2000-2007 at the census block level. We use a di erence in di erence approach combining spatial and time di erenc- ing. We also do triple di erence estimations, using the fact that targeted urban areas have been selected in di erent waves over time. Finally, we exploit a discontinuity in the eligibility criteria of the policy as an exogenous source of variation to estimate the impact of the treatment. Our results show that the French ZFU policy has a positive and sizable impact on location choices. However, we also nd that the policy mostly generates displacement e ects, in particular through relocation of rms from the un-treated to the treated part within municipalities. Finally, the impact is shown to be highly heteroge- neous across zones, rms and industries. The overall cost of moving establishments within municipalities is relatively high.
关键词：rm location; enterprise zones; spatial di erencing
