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Evidence from the 2009 L’Aquila earthquake shows the importance of public grants in stimulating output following an economic shock

Porcelli, Francesco and Trezzi, Riccardo (2014) Evidence from the 2009 L’Aquila earthquake shows the importance of public grants in stimulating output following an economic shock. LSE European Politics and Policy (EUROPP) Blog (25 Sep 2014). Website.

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Abstract

In 2009, an earthquake struck the region of Abruzzo in Italy near L’Aquila, causing over 300 deaths and substantial damage to buildings. Francesco Porcelli and Riccardo Trezzi present findings on the economic impact of the earthquake, particularly in terms of the role of reconstruction grants which were allocated to affected areas. They note that not every area which suffered damage by the earthquake was allocated funding and that these grants proved essential in stimulating economic output following the disaster. The findings provide evidence that interventions through public funding can be vital in enabling areas to recover following an economic shock.

Item Type: Online resource (Website)
Official URL: http://blogs.lse.ac.uk/europpblog/
Additional Information: © 2014 The Author(s); Online
Divisions: LSE
Subjects: H Social Sciences > HB Economic Theory
J Political Science > JN Political institutions (Europe)
Sets: Collections > LSE European Politics and Policy (EUROPP) Blog
Date Deposited: 30 Mar 2017 14:12
Last Modified: 22 Aug 2020 23:11
URI: http://eprints.lse.ac.uk/id/eprint/71763

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