Place-based tax exemptions and displacement effects: An evaluation of the Zones Franches Urbaines program

Givord, Pauline; Rathelot, Roland; Sillard, Patrick

doi:10.1016/j.regsciurbeco.2012.06.006

“…Unfortunately, only a fraction of PIOs fill the standard fiscal forms, so that this data only covers 8% of the PIOs that are present in our main sample, and underrepresents larger establishments, which are the main beneficiaries of the ZRR program according to partial evidence reported in Daniel et al (2009). With this caveat in mind, we do not find any impact of the ZRR program on the balance sheet or on other 33 As noted above, while the first wave of the rural EZ program evaluated by Givord et al (2012) had very large employment effects, impacts in later waves were positive and significant, yet more modest (Givord et al, 2013).…”

Section: Why Did the 2005 Program Fail To Boost Public Interest Organmentioning

confidence: 50%

“…Its estimated effects on employment and the number of businesses are also positive and statistically significant, yet smaller than the estimated effects of the first urban EZ program that we use as a benchmark (Givord et al, 2013). The reasons for the differential impact of the two urban EZ programs are not clear.…”

Section: Comparing the Zrr Program Impacts To Its Urban Counterpartmentioning

confidence: 63%

“…Indeed, existing evaluations of the urban EZ program (Givord et al, 2012(Givord et al, , 2013 show that it had sizable displacement effects. These are more likely to occur in a setting where a small treated area is surrounded by non-treated areas, because the small treated area then benefits from a large "caption area".…”

Section: Why Did the Initial Zrr Program Fail To Increase Employment?mentioning

confidence: 99%

“…36 Specifically, Table 6 in Givord et al (2013) shows no impact of the program on existing firms' income, sales, wages, cash flow, sales or investments. (As noted above, there is also no employment impact on these firms.)…”

Section: Why Did the 2005 Program Fail To Boost Public Interest Organmentioning

confidence: 99%

“…EZ programs vary a lot in terms of geographical coverage, incentives and eligibility rules. Interestingly, there are also recent evaluations which find positive impacts -in particular Busso and Kline (2008); Busso et al (2013), Ham et al (2011), and, in France, Givord et al (2013) and Givord et al (2012). As illustrated by Bondonio and Engberg (2000), a comparative perspective is needed to draw more general lessons on how to design the incentives.…”

mentioning

confidence: 99%

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Cited by 122 publications

References 31 publications

Replacing churches and mason lodges? Tax exemptions and rural development

Replacing churches and mason lodges? Tax exemptions and rural development

Local economic development in Thailand

Targeted business incentives and the debt behavior of households

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