Smaranda Pantea, Ph.D. získala cenu rektora za prestižní publikaci

Smaranda Pantea, Ph.D. z Katedry mezinárodních ekonomických vztahů získala 2. místo v kategorii článek v soutěži Cena rektora za prestižní publikaci za článek “Industrial policy at work: evidence from Romania’s income tax break for workers in IT” napsaný společně s Isabelou Manelici a zveřejněn v European Economic Review v dubnu 2021.

Smaranda Pantea, Ph.D., Isabela Manelici – Fakulta mezinárodních vztahů
Název článku: Industrial policy at work: Evidence from Romania´s income tax break for workers in IT
Časopis: European Economic Review, 2021; IF 2,146; AIS 2,06
ISSN 0014-2921

This article presents evidence on the effectiveness of an industrial policy with a unique design (a tax exemption for programmers), targeting the IT sector in Romania. The article studies the effects of the tax exemption introduced in 2001 and its expansion in 2013. Using firm-level data and difference-in-difference designs around each policy episode it shows that treated firms experienced strong and long-lasting growth. Then, using sector-level data and a synthetic control design, it shows that after the introduction of the tax exemption in 2001, the IT sector grew faster in Romania than in otherwise similar CEE countries and that there were positive effects for the downstream sectors that use IT intensively. The results suggest that this policy has been effective in promoting the development of the IT sector. The article will be of interest to scholars and policy makers interested in industrial policies that facilitate transition to knowledge-based economy.