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INVESTMENT POLICY

Innovations in Investment Climate Reforms An Impact Evaluation Workshop Paris, November 2012. KOSOVO. INVESTMENT POLICY. Impact Evaluation Concept Note. Motivation. Overarching objectives Attract more and higher quality FDI Help generate employment Promote innovation

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INVESTMENT POLICY

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  1. Innovations in Investment Climate Reforms An Impact Evaluation Workshop Paris, November 2012 KOSOVO INVESTMENT POLICY Impact Evaluation Concept Note

  2. Motivation Overarching objectives • Attract more and higher quality FDI • Help generateemployment • Promote innovation Toachievethoseobjectivesthe IP component will focus on: • FDI reform roadmap • Streamlining legal framework • Incentivesreview • Increasebenefitsof FDI tolocaleconomy

  3. Plan • 1st step will be to create complete inventory of current incentives • Based on the inventory the project will identify a number of incentives as the focus for the evaluation • This would likely be a non-fiscal, financial incentive (such as a grant, loan, or exemption scheme) that we think has a lot of potential • Today’s presentation focuses on one sample intervention, but this is not necessarily what we will focus on in the actual evaluation • Sample intervention: sector-specific grant scheme

  4. Evaluation Questions • What is the effect of sector-specific grants on FDI, employment and innovation? Other questions: • What is the effect of different targeting schemes and implementation combinations? • Sector vs. specific subsectors, e.g. agriculture vs. vegetables and fruits, spices • Level of benefit, i.e. amount of grants • Purpose of benefit, e.g. given for staff training, equipment upgrade, cash • Grant eligibility, e.g. company ownership, structure, size, age

  5. Evaluation Design • We are focusing on existing incentives • We would like to vary the incentives (by sector/subsector, level of benefit, etc.) • In order to evaluate the effects mentioned, similar companies would have to face different incentives; e.g. we could vary level of benefits by subsector, assuming the paths of companies in different subsectors would otherwise be similar with a large enough number of subsectors in each of the control and treatment groups • If that is not feasible, we can also use an encouragement design and randomly provide some companies with more information about the incentives (provided at the end of in-person meetings held by the investment promotion agency)

  6. Evaluation Design • Main outcomes of interest: • Investment (and leads for FDI; interest in FDI and visits are tracked) (we would get partial information for confidentiality) • Employment • Innovative products • Some of this data we can get on a flow basis (interest in FDI), some through a survey • Unit of intervention: the company • Sample: 350-400 met with per year; can also email a larger list of those who have expressed interest before to inform about new incentives

  7. Project Team • Client team • Bernard Nikaj, Ministry of Trade and Industry • Valdrin Lluka, Investment Promotion Agency of Kosovo • Berat Havolli, Ministry of Finance • IFC projectteam • TTL: SagitaMuco • IP productspecialist: Harald Jedlicka • Impact specialist: Ana Goicoechea, Jana Krajcovicova • Researcher: Eva Vivalt • Field coordinator: tbd

  8. Timeline • Inventory of incentives: Jan-Jun 2013 • Selection of incentives and design: May-Aug 2013 • Data collection / cleaning: Sep, 2013-Mar, 2015 • Mid-termanalysis: Jun 2014 • Analysis: Apr-Jun 2015

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