12  References

The full bibliography for the working paper. All entries are also in references.bib in the project repository for direct citation re-use.

Abravanel, Martin D., Nancy Pindus, Brett Theodos, Kassie Bertumen, Rachel Brash, and Zach McDade. 2013. New Markets Tax Credit (NMTC) Program Evaluation Final Report. Urban Institute. https://www.urban.org/research/publication/new-markets-tax-credit-nmtc-program-evaluation.
Backman, Mikaela, Esteban Lopez, and Francisco Rowe. 2022. “Do Firms in Rural Regions Lack Access to Credit? Local Variation in Small Business Loans and Firm Growth.” Regional Studies 56 (11): 1893–906. https://doi.org/10.1080/00343404.2021.2016681.
Becker, Sascha O., Peter H. Egger, and Maximilian von Ehrlich. 2010. “Going NUTS: The Effect of EU Structural Funds on Regional Performance.” Journal of Public Economics 94 (9-10): 578–90. https://doi.org/10.1016/j.jpubeco.2010.06.006.
Becker, Sascha O., Peter H. Egger, and Maximilian von Ehrlich. 2012. “Too Much of a Good Thing? On the Growth Effects of the EU’s Regional Policy.” European Economic Review 56 (4): 648–68. https://doi.org/10.1016/j.euroecorev.2012.03.001.
Chetty, Raj, John N. Friedman, Tore Olsen, and Luigi Pistaferri. 2011. “Adjustment Costs, Firm Responses, and Micro Vs. Macro Labor Supply Elasticities: Evidence from Danish Tax Records.” Quarterly Journal of Economics 126 (2): 749–804. https://doi.org/10.1093/qje/qjr013.
Corinth, Kevin, David Coyne, Naomi Feldman, and Craig E. Johnson. 2024. “The Targeting of Place-Based Policies: The New Markets Tax Credit Versus Opportunity Zones.” In The Economics of Place-Based Policies. National Bureau of Economic Research. https://www.nber.org/books-and-chapters/economics-place-based-policies.
Crescenzi, Riccardo, and Mara Giua. 2020. “One or Many Cohesion Policies of the European Union? On the Differential Economic Impacts of Cohesion Policy Across Member States.” Regional Studies 54 (1): 10–20. https://doi.org/10.1080/00343404.2019.1665174.
Diamond, Rebecca, and Tim McQuade. 2019. “Who Wants Affordable Housing in Their Backyard? An Equilibrium Analysis of Low-Income Property Development.” Journal of Political Economy 127 (3): 1063–117. https://doi.org/10.1086/701354.
European Investment Bank. 2024. EIB Group Activity in Portugal. European Investment Bank Economics Department. https://www.eib.org/en/publications/economics.
Freedman, Matthew. 2012. “Teaching New Markets Old Tricks: The Effects of Subsidized Investment on Low-Income Neighborhoods.” Journal of Public Economics 96 (11-12): 1000–1014. https://doi.org/10.1016/j.jpubeco.2012.07.006.
Freedman, Matthew, and Annemarie Kuhns. 2018. “Supply-Side Subsidies to Improve Food Access and Dietary Outcomes: Evidence from the New Markets Tax Credit.” Urban Studies 55 (14): 3234–51. https://doi.org/10.1177/0042098017740285.
Glaeser, Edward L., and Joshua D. Gottlieb. 2008. “The Economics of Place-Making Policies.” Brookings Papers on Economic Activity 2008 (1): 155–253.
Gurley-Calvez, Tami, Thomas J. Gilbert, Katherine Harper, Donald J. Marples, and Kevin Daly. 2009. “Do Tax Incentives Affect Investment? An Analysis of the New Markets Tax Credit.” Public Finance Review 37 (4): 371–98. https://doi.org/10.1177/1091142109334559.
Harger, Kaitlyn, and Amanda Ross. 2016. “Do Capital Tax Incentives Attract New Businesses? Evidence Across Industries from the New Markets Tax Credit.” Journal of Regional Science 56 (5): 733–53. https://doi.org/10.1111/jors.12286.
Imbens, Guido W., and Thomas Lemieux. 2008. “Regression Discontinuity Designs: A Guide to Practice.” Journal of Econometrics 142 (2): 615–35. https://doi.org/10.1016/j.jeconom.2007.05.001.
Kleven, Henrik J. 2016. “Bunching.” Annual Review of Economics 8: 435–64. https://doi.org/10.1146/annurev-economics-080315-015234.
Kleven, Henrik J., and Mazhar Waseem. 2013. “Using Notches to Uncover Optimization Frictions and Structural Elasticities: Theory and Evidence from Pakistan.” Quarterly Journal of Economics 128 (2): 669–723. https://doi.org/10.1093/qje/qjt004.
Kline, Patrick, and Enrico Moretti. 2014. “People, Places, and Public Policy: Some Simple Welfare Economics of Local Economic Development Programs.” Annual Review of Economics 6: 629–62. https://doi.org/10.1146/annurev-economics-080213-041024.
Medeiros, Eduardo. 2014. “Assessing Territorial Impacts of the EU Cohesion Policy at the Regional Level: The Case of Algarve.” Impact Assessment and Project Appraisal 32 (3): 198–212. https://doi.org/10.1080/14615517.2014.915134.
Neumark, David, and Helen Simpson. 2015. “Place-Based Policies.” Handbook of Regional and Urban Economics 5B: 1197–287. https://doi.org/10.1016/B978-0-444-59531-7.00018-1.
Theodos, Brett, Christina P. Stacy, Daniel Teles, Christopher Davis, and Ananya Hariharan. 2021. Where Do New Markets Tax Credit Projects Go? Urban Institute. https://www.urban.org/research/publication/where-do-new-markets-tax-credit-projects-go.
Theodos, Brett, Christina P. Stacy, Daniel Teles, Christopher Davis, and Ananya Hariharan. 2022. “Place-Based Investment and Neighborhood Change: The Impacts of New Markets Tax Credits on Jobs, Poverty, and Neighborhood Composition.” Journal of Regional Science 62 (4): 1092–121. https://doi.org/10.1111/jors.12587.
Theodos, Brett, Christina P. Stacy, Daniel Teles, Christopher Davis, Pratima Rajasekaran, and Ananya Hariharan. 2021. Which Community Development Entities Receive New Markets Tax Credit Funding? Urban Institute. https://www.urban.org/research/publication/which-community-development-entities-receive-nmtc-funding.