Zdolność projektów JESSICA do oddziaływania na procesy rynkowe w miastach
Piotr Idczak , Ida Musiałkowska , Karol Mrozik
AbstractJESSICA initiative as a financial engineering instrument was introduced to enhance and accelerate investments in disadvantaged urban areas. The novel aspect of JESSICA is that this instrument should not only support and promote sustainable urban development but also provide incentives that lower risk capital investments and consequently allow to overcome existing market failures. Thus, the paper aims to identify whether JESSICA projects have contributed to generating positive market effects, as well as to indicate the factors that were most responsible for the occurrence of these phenomena. The results show that 75% out of all projects generated positive market effects in form of new jobs, services or products. The generation of revenues by particular project was the most influential factor determining the capacity of a given project to create positive markets effects.
|Other language title versions||The Ability of JESSICA Projects to Influence the Market Processes in Cities|
|Journal series||Biuletyn Komitetu Przestrzennego Zagospodarowania Kraju PAN, ISSN 0079-3493, (0 pkt)|
|Publication size in sheets||1|
|Keywords in Polish||instrumenty inżynierii finansowej, JESSICA, rewitalizacja, zrównoważony rozwój miast|
|Keywords in English||Financial engineering instruments, JESSICA initiative, regeneration, sustainable urban development|
|Score||= 5.0, 06-04-2020, ArticleFromJournal|
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