TY - JOUR N2 - JESSICA 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. L1 - http://www.czasopisma.pan.pl/Content/114442/PDF/20%20Idczak,%20Musia%C5%82kowska%20-%20%20Biul.%20273-274%20-%20Klasik,%20Ku%C5%BAnik.pdf L2 - http://www.czasopisma.pan.pl/Content/114442 PY - 2019 IS - No 273/274 EP - 222 KW - Financial engineering instruments KW - JESSICA initiative KW - regeneration KW - sustainable urban development A1 - Idczak, Piotr A1 - MusiaƂkowska, Ida A1 - Mrozik, Karol PB - PAN, Komitet Przestrzennego Zagospodarowania Kraju DA - 2019.10.21 T1 - The Ability of JESSICA Projects to Influence the Market Processes in Cities SP - 202 UR - http://www.czasopisma.pan.pl/dlibra/publication/edition/114442 T2 - Biuletyn KPZK ER -